Nicaragua real estate
The changes to the residency laws, announced by the Tourism Institute, increase the tax exemptions and incentives for retirees and residents. All in all this new suite of laws make Nicaragua's residency programs one of the most benefit-laden in the region.
Here are some of the specifics of the residency and retirement program:
• For household goods, the tax exemption increases to $20,000 (from $10,000).
• The tax exemption for vehicles will be increased from $10,000 to $25,000.
• The minimum age for eligibility is 45, but this can be waived if if the applicant proves stable income.
• Applicants can present a Naturalization Certificate instead of the Birth Certificate.
• There will be an exemption from sales taxes on home construction materials up to the first $50,000.
The timing of this new law makes sense given the gloomy economic climate worldwide. And the tax exemption on home construction materials is directed firmly at Nicaragua real estate investors, and will encourage more to take the plunge.
Nicaragua has got what it takes to be an affordable lifestyle destination:
The tours run on the following dates: tours will run on the following dates: on July 31st - August 2nd 2009, on August 7-9th 2009, and August 14-16th 2009 and cover San Juan del Sur real estate, property on the Central Coast and the Tola Riviera.
All in-country expenses are covered over the three days, including hotel accommodations, transport and meals. Contact Coldwell Banker Nicaragua at http://www.cbnicaragua.com for more information.
