About Living in Nicaragua
Nicaragua is a beautiful country located in Central America, just south of Honduras and just north of Costa Rica. With the nation's exquisite landscapes and tropical climate, it makes a very attractive retirement location for many people. One of the reasons many expatriates choose to move to Nicaragua is because of the very low cost of living. There are many pros and cons to life in Nicaragua.
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Benefits
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Many people consider moving to Nicaragua because it is a very cheap place to live - one of the least expensive in Central America. Purchasing a house is relatively cheap (about $30,000) and renting an apartment costs about $150 a month. This is why many Americans, Canadians and Germans choose to retire here. Also, the tropical climate is very warm and relaxing here. The locals ("Nicos") are also generally very warm, friendly people.
Warning
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When considering a drastic move to Nicaragua, people must not only consider the benefits but also the negatives. Moving to Nicaragua is nothing like retiring to Florida or Arizona. It is, after all, one of the poorest nations in the world, and severe poverty is everywhere. Also, things you might take advantage of in the United States, such as reliable water and electricity, are routinely subject to long outages in this nation. Nicaragua's telecommunications system is also rather unpredictable at times, and you might often feel cut off from the rest of the world.
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Expert Insight
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Nicaragua is a relatively small country, but some areas of it make more appealing and attractive places to live than others. Some areas of the nation you should check out are Granada and its surroundings, Managua, Leon, the Atlantic Coast, San Juan del Sur and other parts of the Southwest region. The Southwest, in particular, is believed to have some of the best remaining real estate options in Nicaragua.
Potential
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The best way to move to Nicaragua is to initially enter the country on a temporary, ninety-day tourist visa. Then, while you're already in the country, you can go ahead and put in a request for a residency visa at the Office of Immigration in eastern Managua (the country's capital city). There are two types of residence visas: the permanent visa and the investor's visa. You need to bring your passport, proof of funding, certificate of good health, birth certificate, marriage license (if you have one), certified criminal record from your native country, cash deposit and money for other fees, if necessary.
Theories/Speculation
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There are many excellent online resources detailing life in Nicaragua, as well as providing people with in-depth information about what to expect from building a new life in Nicaragua as well as information on how to proceed with this big move. Some great sources for information on this topic include Nicaragua Living and Live in Nicaragua.
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