LIving and Investing in Nicaragua

by Tim Rogers

Copyright: © 2006 Tim Rogers Standard Copyright License
Language: Spanish
Country: Panama
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Download: 1 documents, 4835 KB

Description:

The new Nicaragua is a land of opportunity and near-perfect weather; a country starting fresh with the determination to do things differently from its dark past. Attractive foreign residency laws and tax incentives make Nicaragua one of the most alluring countries in Central America. Direct foreign investment in this country, known fondly as the “belly button of the Americas,” has jumped from nearly zero to $260 million in less than two decades. And the number is still climbing. Central America is the new hotspot for U.S. expatriates and retirees, and Nicaragua is quickly assuming its position on the top of that list. While Costa Rica fiddles with new legislation to make it more difficult for lower-income to middle-class foreigners to become residents there, Nicaragua is opening its doors wider to foreigners of all income levels to invest and retire here.


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21 Jun 2008
by kevins
The biggest problem with this book is that it was last updated in 2005. Given how Nicaragua is changing, that's a long time ago. It means the links to other sources of information are stale, and the dollar amounts are suspect.

The book is pretty well structured. It covers a lot of information, both specific to the country and generic as far as issues relocating to a foreign culture. There is an appropriate amount of history, and good descriptions of the geography and culture. There are some lists of Nicaraguan Spanish words and phrases, as well as a discussion of "vos", where they stray from conventional Spanish.

The author is most familiar with Granada, so that gets most of the attention. He has brief sections about other areas of he country, but mostly glosses over Managua. That's good or bad, depending on your interests.

The book is quite long (328 pages), but a lot of it is "filler" of various kinds. There are lists of phone numbers (such as 3 pages of listings for dentists); some multi-page sales pitches for other books, tours, or investments; 6 pages of excerpts from the labor laws; 6 pages of excerpts from investment laws; and 4 pages listing Nicaraguan embassies around the world. None of that is bad, but much of that information is old, and much is readily available on the internet.

There is a lot of detail about starting a company there, which will help some readers but not others. There are a lot of details about the process of buying real estate. With a book like this, it's better to have too much detail than not enough, so it's good. Except that some of the detail is less useful because it is three years old.

All-in-all, if it were freshly updated, I would give this book very high marks. As it is, it's just ok. The only other general book I have read about moving to Nicaragua (one not sold through lulu) is worse.


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