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About Nicaragua

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Why Invest and Live In Nicaragua?


Nicaragua is becoming one of the hottest countries in the world for foreign investment in real estate. Nicaragua has had a stable Democratic Government in place and President in office for over 15 years. Due to the fact that many people believe Nicaragua is a country with political instability, local real estate property is still undervalued. Signs are this period is over as real estate prices in Nicaragua have started to climb steadily. The situation now in Nicaragua is similar to that of Costa Rica and Belize in the late 1980s. However, it is too late for many to invest in those countries as real estate prices have increased many times over since then. 

Nicaragua is a growing country and has seen billions of dollars spent in infrastructure, new construction, and building improvements in the last few years.  The Wall Street Journal recently reported the following: 

"Suddenly, Managua has a skyline. New hotels and malls - have sprouted up in Managua. Many of the big franchises, including Pizza Huts and McDonald's golden arches, rise from the gentle hills … Nicaragua and other Central American countries have embraced franchise capitalism." 
The paper continued:

"U.S. companies have arrived to build power plants and telephone networks, to sell hamburgers and pizza. Foreign investors who were fleeing the country two decades ago are now putting hundreds of millions of dollars back into Nicaragua." 

The country's tourism business is increasing too. Cruise ships are regularly docking at San Juan del Sur, a picturesque town off the southwestern coast. And the airport in Managua has recently gone through a major expansion. This development is all good news for Nicaraguan investors.
Here is some data to further support the growth rate in Nicaragua. From 1979 to 1989, according to World Bank statistics, Nicaragua's Gross National Product (GNP) decreased by an average of 1% per year. From 1989 to 2004, the GDP averaged a 3% growth. The GNP is expected to grow by an average of 6% over the next several years. As seen recently in a Newsweek magazine article: 

"Fewer than 15 countries in the world have achieved 6% growth in a year." 

During the past 15 years, three consecutive administrations have passed legislation favoring foreign investment, including insuring land ownership rights for both foreigners and Nicaraguans. The current President of Nicaragua, Enrique Bolanos, is a life long businessman who owns vast amounts of property in Nicaragua. Bolanos represents the business friendly conservative Party. Politically speaking, this is a very positive sign for Nicaragua. Bolanos, more than any president in the past, is encouraging foreign investment. 

Bolanos has also committed himself to cleaning up corruption in the Government. The people of Nicaragua are behind him, and he has already been successful with several high-ranking officials, including the former President Aleman, a very courageous effort in his part. 

U.S. News & World Report ranked Nicaragua as one of the ten best places to retire in a recent survey. 

Conde Nast Traveler magazine features Nicaragua in their March 2005 issue and had reported in their March 2002 issue: 

"Nicaragua seems to be the next logical choice for adventurous travelers in Central America. Costa Rica is more crowded and more expensive than it used to be, and Guatemala is still suffering from the effects of a 36-year-old civil war. Even Panama, a relatively wealthier nation, is much more developed and expensive than Nicaragua." The New York Times and the USA Today reported the similar information in recent articles. 

This all looks great for Nicaragua and the forward thinking investors who want to get in now.
Nicaragua wants to take advantage of the growing trend taking shape in the United States and in other developed countries. People are looking to invest, live, vacation, and retire outside of their home countries. 

This is happening on a global scale. An article in The International Herald Tribune stated that, in the past 20 years, the number of Americans living abroad has more than quadrupled. This number is expected to increase exponentially. To profit from this fact, you need to look at real estate markets that will capitalize on the direction the world is starting to move. Overseas retirement real estate is going to be a huge business in the coming years. As the 76 million, baby-boom generation looks to retire, more people are going to look outside of the United States at real estate, including vacation and retirement homes. 

Many people will be looking for places for safety, warm weather, and a relaxed lifestyle. This certainly includes the baby boomers. Some statistics on this demographic includes the following:

boomers make up 25% of the population in the United States. Beginning in 2000, they started turning 50 at the rate of just under 10,000 a day. Already, more than 20 million boomers are 50 and up, and many are retiring now. Boomers are well educated with approximately 90 percent to have graduated from high school, and more than 25 percent have a college degree. And more than 75 percent own homes and have investments. As Time Magazine reported in a recent article: 

"Many of the 76 million American boomers are more likely than their parents to consider retiring to a foreign land, because they have traveled more, have higher hopes for retirement, and tend to be more active and adventuresome." 

To sum this up, more than 4 million U.S. citizens have already moved abroad in search of inexpensive real estate, lower taxes, and a better quality of life. And this will only increase in the years to come.

Nicaragua offers many advantages that few other countries can match. The cost of living is a fraction of the cost of living in the United States. For instance, you can employ a full-time maid here for about $25 per week. Also, a new release move costs around $2, and a couple can have a top-notch meal, including a good bottle of wine, for about $20. 

Additionally, the tax rate is very low. And, as a foreigner is approved for residency, you will have more tax advantages, such as savings from import duties on your household goods and bringing a vehicle into the country. 

Also, if you are interested in starting a business in Nicaragua, few countries offer better incentives. The legislature passed tourism Law 306, which allow you open a business and pay no taxes for 10 years. Secondly, you can import all the supplies you need, including furniture, boats, and equipment tax-free. 

Nicaragua is also a beautiful country, full of nature with plenty of sunshine, oceans, mountains, rivers, farms, tropics, lakes, and quaint cities. Last but not least, the people of Nicaragua, commonly referred to as Nicas, are friendly, helpful, and have a zest for life.
For a detailed description of Nicaragua, visit the CIA Factbook's page at
http://www.odci.gov/cia/publications/factbook/geos/nu.html