Retirement in Nicaragua is made easy by a pensionado program aimed at attracting retirees to the country. For the Nicaraguans, a retiree is a 365-day tourist and the living expenses and employment created are perpetually put into the local economy. The Nicaraguan retirement program allows for the following:
- Importation of household goods without duty in the amount of US $20,000.
- Importation, or purchase locally, of a new motor vehicle every 5 years without import duty.
- No sales tax on the first US $50,000 of new home construction materials.
- No Nicaraguan tax on funds brought into the country