The tourism industry is the leading sector in the economy of Nicaragua, and the government has beeing promoting investments in this strategic area through huge fiscal incentives and benefits as income tax and property tax exemptions for qualified toruistic projects, like hotels, B&B, restaurants, marinas, golf courses, convention centers, transportation services, sailboat charters, adventure treks and more.

Law 306 - Tourism Incentives Law fixes:

• 80% to 90% tax exemption on earnings for a period of 10 years
• exemption of Property tax for aperiod of 10 years
• 100% sales tax exemtption on design services, engineering, and construction
• 100% exemption of Import duties and sales tax on construction materials, furniture, equipment, vehicles and accessories for a period of 10 years

Additionally, in Nicaragua there are many incentives for retirees to move here, thanks to the Law of Resident Pensioners and Retirees:  if you are over 45 years of age and have a monthly income of at least U$ 400 you can take advantage of the following benefits:pay no taxes on any out-of-country earnings

• bring up to $10,000 worth of household goods for your own home, duty-free
• import one car for personal or general use and pay no import tax or protective tariff, and after 5 years you can sell it, again exempt from consumer sales tax
• import an additional vehicle every 5 years under the same tax exemptions.

Documents required:

• a copy of your birth certificate
• a copy of your passport
• a certificate of letter from your doctor stating that you are in good physical health, are free from communicable diseases and are mentally sound
• a letter from your local police department stating that you have never been convicted of any crime
• a certificate of income from your bank or pension plan affirming that you will have enough money to meet the minimum requirement of US$ 400 a month
• a list of the household items that you will be importing

These documents must all be translated into Spanish by a lawyer and notarized.