Why Invest?
Nicaragua is a stable, safe, and peaceful country for investment. Nicaragua is the second safest country in all of Latin America (behind Uruguay). Nicaragua is in the middle of a boom trend that has seen millions of dollars in infrastructure improvements and foreign investment.
[ More Info ]
Market Report
Our forecast is that we will see steady growth in prices around the 20-25% per annum range for the next 2-3 years possibly falling to the 10-15% range by about 2009. Despite the rapid capital growth in the past, we still believe there is plenty of room for further steady growth well into the future.
[ More Info ]
Economic Overview
Nicaragua is ranked 158 over Honduras, and Haiti, with a per capita GDP of around $3,000. Agriculture employs about 45% of the workforce and accounts for about one fourth of the gross national product. The chief commercial crops are coffee, cotton, and sugarcane; these, together with meat, are the largest exports.
[ More Info ]
Visa/Residency Issues
Confirmation for visas takes 4 to 6 weeks as special authorisation from the Nicaraguan Ministry of Foreign Affairs is required. Tourist and Business visa cost £18. Visas can be extended for up to 30 more days. Applications should be made to the Immigration Office in Managua.
[ More Info ]
Getting to Nicaragua
Flying to Dubai is easier than ever, thanks to a wide selection of airlines such as BA, Saudi Arabian Airlines and Emirates serving the airport. Direct flights from the UK take around seven hours.
[ More Info ]
Fees & Taxes
- Real estate taxes are 1% of value of the property and are paid to the Municipal Government. Farmland of up to 30 manzanas (42.6 hectares) is exempted from real estate taxes.
- Property taxes are 1.5%, paid on the assessed value of the property. Transfer tax on real estate transfers stand at 1%.
- As a foreign retiree, you pay no taxes on out of country earnings. Any income originating from within Nicaragua is taxed at a flat 15%.
- For most people, Capital Gains is currently 30% for an elapsed time between purchase and sale of more than one year, and your normal tax rate for an elapsed time of 1 year or less. Captial Gains can be for any asset, common assets are stocks, bonds, or real estate.
[ More Info ] |
|
Nicaragua |
 |
Basic Information
| Population |
5,666,405 (2006) |
| Languages |
Spanish |
| Area |
129,494 km² (50,193 sq mi) |
| Currency |
Cordoba(NIO) |
| Dialing Code |
+505 |
| Emergency Services |
118 |
Nicaragua Overview
Nicaragua is a democratic republic in Central America. It is the largest nation in the isthmus, but also the least densely populated with a demographic similar in size to its smaller neighbours. The country is bordered on the north by Honduras and on the south by Costa Rica.
Average Property Prices
Coming Soon.
Buying Process
- To buy a property in Nicaragua, you can either do most of the work yourself or appoint local specialists to do much of the legal work. When hiring local specialists, it is important to agree at the outset on a fixed fee for their services.
- Identify the property of your choice, usually by the suggestion of a friend or a real estate agent (who earns a negotiable commission, usually between 5 and 10 percent).
- Lawyer will revise the documentation to verify that the property. After you have verified the land has no liens, a notary can prepare a sales agreement.
- After the transaction, you or your attorney may then register the property in the Registro Pblico de la Propiedad Inmueble.
[ More Info ] |
