Why invest in Nicaragua?
Investing in Nicaragua Is Safe
Without question, and perhaps contrary to popular belief, Nicaragua is a stable, safe, and peaceful country for investment. There is no doubt that Nicaragua is a developing country, but that does not constitute it being unsafe. In fact, quite the opposite is true: Nicaragua is the safest country in all of Latin America, and Nicaragua has a lower reported crime rate than France, Germany, and the United States, according to a United Nations/Interpol study.
Run Your Tourist Business Tax Free for 10 Years
Nicaragua's Law 306 (enacted in September 1999) is the most attractive--and most aggressive--tourism-incentive law in Latin America. If you've ever thought about opening your own B&B, running a tour business, or having a little arts and crafts shop... Nicaragua is the place to do it.
This law is sweeping in scope and offers hard-to-beat benefits for investors who take advantage of the program. If your business qualifies, you pay no income or real estate taxes for 10 years, and bring in (or buy locally) all the supplies you need, from furniture and boats to linens and cash registers... tax free.
Not only that, but the application and approval process is straightforward and fast. INTUR, Nicaragua's institute of tourism, has done an outstanding job of cutting through the usual red tape and outlining very clearly what you need to do. In addition, the law allows the agency just 60 days to approve your application so you won't find yourself in limbo for months or even years on end. What's more, depending on the type of project, an investment of only $30,000 can qualify you for benefits.
In general, Law 306 offers investors the following benefits:
- Pay no income taxes for 10 years
- Pay no real estate taxes for 10 years
- Import into the country all the supplies you need to facilitate your investment--TAX FREE.
A Straightforward Law Promoting Investment in Nicaragua
Nicaragua is slowly being discovered. And an improved tourism infrastructure can only speed the process. Law 306 is a well-crafted document that gives you an incentive--and makes it easy for you--to help jump-start the industry... and make a profit while you're at it.
Several "tourist activities" fall under the law's umbrella, and with an investment in any one of them, you benefit through tremendous tax savings. Investing in Nicaraguan Real Estate
Without question, Nicaragua has bounced back from its troubled and often misunderstood past and has transformed itself into one of the most sought-after property investment destinations in the world. Investing in Nicaragua affords investors an opportunity to participate in an early-in investment real estate market.
Ideally, you want to invest in any real estate market at the right time and in the right place. Critical to any successful investment is the idea that you must capture the opportunity before the rest of the world catches on. This accomplishment will provide you with the greatest opportunity to maximize your investment. Today, Nicaragua offers investors the optimal investment opportunity: low real estate prices and relatively few competing investors.
Emergence as Retiree Destination and Rise in Tourism
For more information contact us at: info@seahorsetropics.com