Have you spent the best 40 years of your life sitting behind a desk most of the time? Have you lived in the same city all your life? Now that you have hit retirement age, do you long for that moment when you could just getaway?
I guess we all do, at some point in our life, want to get away.
But the problem is we don't have the money or the luxury of getting a well-deserved vacation while we are working. It is only when we retire from work and receive our retirement pay do we get a lump sum and we could actually afford a vacation.
Hmmm.... You start thinking, a vacation. Is that the best way to spend your hard earned money? Why settle for a vacation, when you could use it to buy property somewhere that could serve as your retirement home.
It has to be in a country where the people are warm, as warm as its climate.
Here in Nicaragua, which is the largest nation in Central America, it has patterned its retirement laws after the old "pensionado" rules wherein it guarantees significant tax incentives to foreigners and would encourage more people to set up investments in their country.
The expats who would make Nicaragua as their second home would also benefit from tax incentives such as they would not be required to pay taxes on any out-of-country earnings and you would not be charged for bringing in a maximum US$ 10,000 worth of household goods to fill up your new home.
If you want to import one vehicle, whether for personal or general use, you would be exempted from paying taxes. You could also bring in an automobile for the second time, but you have to wait after five years.
The prices of property in the country could be classified as a bargain.
But before you could be allowed to avail of these privileges, you must first have to prove to the Nicaraguan government that you are a citizen of the country from which claim to have come from. You have to show a letter or certificate from your doctor attesting that you have a clean bill of health and that you are mentally sound. I guess they don't want a bunch of elderly crazy people roaming around their streets.
The would-be foreign retiree resident should also have no criminal record and lastly, you have to present a certificate of income from a bank or a pension plan to prove that you have a monthly income equivalent of at least US $400.
How about that, move to a beautiful country such as Nicaragua and retire for only $400 a month. No wonder it is one of the best places to retire
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Article Source: http://EzineArticles.com/?expert=Stephanie_Hofstetler
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