pranaman
6/3/2021 12:40 EST
Hi, I'm an American, and am considering leaving the US.
I went to Mexico last year for 6 months, am back, and am now considering other options. I looked in CR, the DR and now Nicaragua.
I heard one can invest in Teak trees to get residency, there and Panama.
Basically, I want options to be able to leave the US, and not be hassled or concerned about 30, 60, 90 day restrictions.
I know one can marry, that's one way. Looking into others.
To go there, I read PCR test is needed. I haven't got one. Has anyone? How far do they put the swab up your nose? Anyone know about teak tree investing for residence? Would you recommend Nica over other nearby countries and why? Any other suggestions of how to best go about this?
?? Thank you
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KeyWestPirate
6/3/2021 14:28 EST
I don't know about teak trees, I always thought that was a bit of a scam.
Basically two ways in Nicaragua,, come in as a jubilado (retiree) and show evidence of retirement income of 1K or more; Or buy in as an investor. For the latter, there are all kinds of possibilities. Buy a farm and live there for example. Plant some coffee.
For the retiree,, you don't have to be that old. The cost, if you use someone like Arielka, is $350, plus $200, plus $50 for the lab to get your health certificate. It's running 6 months or less right now, to get your residency in hand.
As soon as you submit your package,, or very shortly thereafter, you receive a permission to stay in Nicaragua until your residency comes through.
Nicaragua is perfect for some, but not for others. There is also Honduras and Guatemala. There are expats in both those countries, content.
As has been said many times,, you have to visit and get a feel for the country, and a sense of where you want to settle in. Best to stay here for a bit,, and look around,, as there are many options,
The big advantage of Nicaragua is,, it's still very affordable. You can live here well for $1K /month,, live very well for $2K.
You may want to search the site for previous posts, as this subject has been re-hashed many times. There is a lot of detailed information available.
Good Luck and Bienvenidos!
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mikee2
6/6/2021 12:48 EST
I lived in Nicalandia for 2 years and then moved to Costa Rica, this was 20 years ago. Costa Rica is getting very expensive, more than the States in some things. I love the Nicaraguan people, totally different than the Ticas. I am married to a Nica and we are moving back to Nicaragua after the 1st of the year. I am 74 but feel like 60. The only concern is health facilities. But, they have a new hospital that has up to date equipment, but you have to pay, but where don't you. Costa Rica has free medical, but you are taking your life in your hands. They have private hospitals that are very good, again, you pay and pay big time, but it's your life. There are some inconveniences in both countries, maybe a little more in Nicalandia, but it's nothing that can't be handled. I don't know what gasoline is in Nicaragua but here in CR it's $4.50 a gallon and anything to do with cars is double the state prices. I ride a 400cc motorcycle, have been for years. As for crime, there is a stat I read that Nicaragua has the lowest violent crime rate of any of the Central American countries. Here in CR, it's very dangerous. Violent crime is very prominent. I wish I would have moved back to Nicanlandia 5 years ago and not wasted so much time here. Women, ahhhh yes, I will take a Nica over a Tica any day of the week. I married one. If you want to know more, write me.
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waltermboyles
6/6/2021 15:57 EST
6 yrs in Jinotepe, Carazo, NI...& we like that the doctors really care for us & take time to get to know us. .....House calls are possible.....If Medicare premiums cost $120/mo x 2...$3k buys a lot of health care in NI......H2O 212F
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KeyWestPirate
6/6/2021 22:18 EST
Does an expat pay into the medical care system in CR ?
I understood that you did and it was relatively expensive.
We had the same feeling when we decided in favor of Nicaragua several years ago. We had always planned on retiring in CR, but even then the hand writing was on the wall.
The lawyer who was handling our CR residency warned us not to declare any income above what was necessary to qualify, as the Ticos were considering a US style income tax and expats were a potential target.
But,, we found that we just liked Nicaragua better. We could have never done in CR what we did in Nicaragua,, a small farm.
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xman
6/6/2021 22:24 EST
I'm a expats in Nic and I love it!! The only reason i got to CR, its for Taco Bell!! I Live well with 2000k per month
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volcan357
6/6/2021 22:51 EST
I would pick Nicaragua any day over Costa Rica. Costa Rica is just too expensive. I have lived in Panama for the past 21 years near the border with Costa Rica. Panama refused to give my wife from the Dominican Republic a visa so I bought her a ticket to Managua and smuggled her across the borders to Panama. Finally after her being here in Panama illegally for a year and a half I have managed to get her Panamanian residency. I had considered at one point of moving to Nicaragua if I didn't have any success with her residency in Panama. Now though I doubt if she can return to Nicaragua because she has an entry stamp in her passport for Nicaragua but no exit stamp. It is crazy though because she is a Latina and her native language is Spanish. I doubt if by looking at her you could tell she was not Nicaraguan nor Panamanian for that matter. Anyway I like Nicaragua in spite of the problem with the government. Hopefully some day things will change for the better.
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volcan357
6/7/2021 00:10 EST
You can live well in Panama for 2k per month but not in Costa Rica.
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Alecjacs
7/3/2021 23:07 EST
Hi, I’m also 74 and considering relocating to Nicaragua. Is there a health care for over 70’s that give us full coverage? I understood we can only get 20% coverage?
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