14/07/2019
ДЛЯ ИНТЕРЕСУЮЩИХСЯ. НИКАРАГУАНСКИЙ ЗАКОН ДЛЯ ПОЛУЧЕНИЯ ПМЖ КАК ПЕНСИОНЕР ИЛИ РЕНТИСТ.
New Retirees Incentives Law(Law 694)
Law 694, formally called"Ley de
Promoción de Ingreso de Residentes
Pensionados y Residentes Rentistas" creates. a retirement. program. that is one of the best in Latin America. This summary will highlight the provisions of the new law.
Purpose.
Law 694 is intended to establish rules and procedures forma people residing
indefinitely in Nicaragua as Residentes Pensionados (Resident Pensioners or
Retirees)or Residentes Rentistas (Resident with Income). Further the Law states that it is intended to help tourism activity by means of promoting these special tourists.
Definitions.
•Residente Pensionado - a person retired from a public or private institution who
desires to be a permanent resident in Nicaragua and receives a minimum monthly pension equivalent to U$600.
•Residente Rentista - a person who has a stable and permanent income,such as
dividends, from abroad, desires to be a permanent resident in Nicaragua and
receives a minimum monthly income equivalent to US $750.!
•Permanent Resident- a person who wishes to reside in Nicaragua for an indeterminate time and makes Nicaragua his actual domicile.
The Legal Status of Residentes Pensionados or Residentes Rentistas.
These types of residents will be classified as Special Tourists.They must meet the financial standards as defined above and once a person qualifies as a resident the same legal status will be conferred on his parents, spouse,minor children and personwithin 4degrees of blood that are dependent on the resident for support.
For each of these relatives, the resident must demonstrate an additional pension or income of US$150 per month per person.
Benefits.
The following benefits are available to persons who have received status of
Residente Pensionado or Residente Rentista:
•No requirement for a guaranty bond for residency.
•Importation without payment of the import taxes of household goods with a value up to US$20,000.
•Personal use vehicles may be imported or purchased every four years with no import or sales tax due for up to US$25,000. If the car is transferred within the four year period, the exempted taxes will be due at the time of the sale.The car cannot be more than seven years old and the title will carry an annotation noting the tax exoneration. If the car is totallybdestroyed or stolen within the four year period, the person may acquire a new car under the same tax free conditions.
•Alone time exemption for sales tax(IVA) on up to US$50,000 worth of constructionnmaterials while constructing a house for personal use. Thebtitle to the property will have an annotation on it for 10years. If you sell the house before the ten years, the taxes willbbe due at the time of sale.
• An IVA(sales)tax exemption for car rentals whenvused for tourism purposes by thebResidentes and their families. The Residentes need to have a valid Nicaraguan driver’s license.
•Tax exemption on importation of upto
US$200,000 worthbofnscientific or professional items, if the Residentes will use them for the benefit of Nicaragua.
Administrative Procedures to Obtain
Residency:
The following authenticated and translated,documents are to be submitted in triplicate to the Nicaraguan Institute of Tourism (INTUR) or the Nicaraguan consulate for approval of residency:
• A letter to the President of INTUR indicating the person’s intention of acquiring permanent;residency and domicile under this Law. The letter must state the address where the person will live in Nicaragua and contact information.
•A certificate of monthly pension or income from the appropriate organization and establishing that the pension or income will last at least five years.
• A birth certificate showing a minimum age of 45. The age requirement can be exempted if the person can show an investment in Nicaragua of at leastUS$75,000, is legally disabled or can show a stable income.
•Two passport photos.
• Photo copy of passport.
• A letter or health certificate from your doctor.
• Birth Certificates for any included family members.
•Marriage Certificate, if applicable.
• Letter from local police departmen stating applicant and family members have no criminal record.
• List of household items and/or vehicle to be imported.
• If the applicant is a naturalized citizen, the naturalization papers must be
presented.
Obligations of Residents.
The persons who are granted residency have the following obligations:
• Must reside in Nicaragua for at least sixbmonths eachbyear unless the Residente receives permission to be absent because of health conditions or impossibility of travel. The six months do not have to bebcontinuous.
• Each year the Residente must present to INTUR documents showing that the pension or income moneys were transmitted to Nicaragua.
• Pay for a residency card(cedula)every five years.
• Respect the laws of Nicaragua.
• If residency isnrenounced, the Resident must repay all exonerated taxes that were exempted within the two year period prior to the renunciation.
Restrictions.
Residentes Pensionados or Rentistas may not work in any activity in which they receive public!money. The exceptions to this rule are: a)if it is their own business and they have real property registered in the Public Registry worth at least US$75,000, and the work has been approved by the Ministerio!de!Fomento,Industria y Comercio; or b) they receive special authorization to work; or c) it is work within a public or private institution and is scientific or intellectual in nature.
The beneficiaries of this Law may not become involved in political organizations, nor promote any acts against the cultural, ethnic,religious or tourism image ofNicaragua.
