Law for Retirees

A person can qualify for legal status of "Pensionado Residente" under Retiree Law 694 by meeting the following requirements:

  1. must be 45 years of age or more
  2. income from outside sources of no less than $600 per month
  3. clean criminal record
  4. health certificate from your doctor
  5. copies of birth and marriage certificates
  6. reside in Nicaragua for 6 months per year (doesn't have to be continuous)

The benefits of being a "Pensionado" are:

  1. No import taxes on household goods with a value up to $20,000.00
  2. No import or sales tax on personal use vehicle with value up to $25,000.00
  3. No tax on building materials for new home up to $50,000.00 of materials
  4. No tax on up to $200,000.00 of scientific or professional items if used for the benefit of Nicaragua
  5. No requirement for guaranty bond of residency
  6. No tax on rental vehicles when used for tourism purposes

Once a person has met the conditions, they are classified as a "special tourist" and this legal status can be conferred on all family members that are dependent on them for support.

Nicaragua ranks among the top 5 retirement havens in the world with the lowest cost of living... click here to read more.

Retire to Nicaragua and enjoy a laid back, relaxing lifestyle!


Nicaragua
Custom Tours

Thinking of retiring to a warm climate where the cost of living is low but the style of living is high? Join us on one of our custom-designed Nicaragua tours and find out more about beautiful Nicaragua!

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Buy or Build
a Home

Once you have decided to live in Nicaragua, we will help you with the next steps. Whether you want to buy an existing home or build a new one, we can guide you in the right direction!

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Volun-
Tourism

Nicaragua is a wonderful country, but there are a lot of people who could really use your help. There are so many worthwhile projects - from schools, to orphanages, to town water projects...

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What you
Need to Know

Find out more :
Laws for Retirees
What to Expect
Getting Here


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