{"id":27452,"date":"2019-10-28T08:52:39","date_gmt":"2019-10-28T12:52:39","guid":{"rendered":"https:\/\/www.escapeartist.com\/?p=27452"},"modified":"2020-07-22T02:34:57","modified_gmt":"2020-07-22T06:34:57","slug":"nicaraguan-teak-and-the-road-to-residency-a-complete-set-up-guide","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/nicaraguan-teak-and-the-road-to-residency-a-complete-set-up-guide\/","title":{"rendered":"Nicaraguan Teak and the Road to Residency: A Complete Set-up Guide"},"content":{"rendered":"
With a population of just under 10 million, Nicaragua<\/a> is a Central American nation that has been blessed with an abundance of natural resources and an infinite amount of natural beauty. Some of the densest and deepest rain forests on the globe, complete with a diverse variety of exotic flora and fauna, can be found in Nicaragua. The beaches of this beautiful country are long and untouched, with crystal clear turquoise waters and golden sands.\u00a0<\/span><\/p>\n All of this means that Nicaragua already has a vibrant tourism industry<\/a> that is rapidly growing. However, despite the country\u2019s perpetually growing economy, it remains one of Central America\u2019s poorest nations. But that could soon be about to change. In 2017, the government of Nicaragua launched a Citizen by Investment (CBI) program with the sole purpose of attracting ambitious wealthy foreign investors.\u00a0<\/span><\/p>\n <\/p>\n The CBI program of Nicaragua provides foreign investors \u2013 especially those from Africa, the Middle East and Asia \u2013 the opportunity of owning citizenship to a country that possible has a better reputation than their home country. This also means that they get the opportunity to hold a passport that is far more powerful than their existing one. The power of a passport is judged by the number of countries it provides access to without needing to be stamped with a visa.\u00a0<\/span><\/p>\n The passport of Nicaragua<\/a> currently provides visa-free access to 122 nations around the world, including the 27 European Union member states, the United Kingdom, all of the states in Western Europe and Eastern Europe, and Eurasian countries like Russia and Ukraine. As Nicaragua\u2019s reputation as a safe nation continues to grow, so will its visa-free country quota.\u00a0\u00a0<\/span><\/p>\n <\/p>\n The greatest attraction Nicaragua<\/a> offers to foreign investors is its huge timber forests. The Central American Country is one of the world\u2019s leading producers of precious hardwoods, particularly teak<\/a>. In the world of investments, it\u2019s common knowledge that timber is a safe and high-yield investment. In fact, timber only ranks below oil and natural gas on the list of world commodities, and timber holdings have been one of the highest performing alternative investments for the last four decades.\u00a0<\/span><\/p>\n But the particular type of timber we\u2019re talking about here is Nicaraguan teak. An incredibly versatile hardwood, teak can be used for everything \u2013 from outdoor furniture to flooring, windows, doors and even boats. Teak farms are an excellent long-term investment option since they protect the investor from inflation. Since teak has a shorter growth cycle, it has great potential for producing short-term profits as well.\u00a0<\/span><\/p>\n Moreover, the real estate markets in China and countries from South Asia have recently overseen a boom, which has subsequently led to a drastic increase in teak demand. And basic economics tells us that high demand equals high prices.\u00a0<\/span><\/p>\n Furthermore, the government of Nicaragua offers attractive offers attractive incentives for timber projects. The revenue you will generate from teak plantations will be taxed at an extremely favourable 8%. Moreover, you can become eligible for Nicaraguan residency through investing in a timber project. And the good news doesn\u2019t stop here. You can also make a teak plantation part of your real estate portfolio. All it would require is an investment as little as $26,500 \u2013 an investment that could qualify you for Nicaraguan residency.\u00a0<\/span><\/p>\n <\/p>\n The Citizen by Investment program of Nicaragua essentially offers two options to potential foreign investors:<\/span><\/p>\n Another way to get a Nicaraguan residency is through the retiree program. To qualify for the program, you need to be at least 45 years old and have a guaranteed monthly income of at least $600. While most individuals who apply for this program do it on the basis of fixed pension payments, you also have the option of setting up a bank annuity that will qualify.\u00a0<\/span><\/p>\n In addition to needing a guaranteed monthly income of $600, you\u2019ll also need an additional $100 for each dependent. Your spouse and each child under the age of 18 will count as dependents.<\/span><\/p>\n Perhaps the best way to gain residency to Nicaragua is via their reforestation visa program<\/a>. All you need to do in order to obtain permanent residency is invest a minimum of $35,000 in a government-approved reforestation program. However, this figure does not include legal and government fees, which are around $10,000 for individuals who\u2019re from restricted countries. The fees are much lower for individuals who\u2019re from the US, the UK, Canada, EU, etc.\u00a0<\/span><\/p>\n <\/p>\n You\u2019ll need the following documents to apply for a Nicaraguan residency:<\/span><\/p>\n Another great bonus is that a Nicaraguan residency visa allows you to import certain household items from the US absolutely duty-free. For instance, you can import a car with a value of up to $25,000, and household items worth $20,000.\u00a0 Furthermore, you can import a car worth $25,000 once every five years absolutely tax free. This is a big bonus when you consider that import taxes in Nicaragua are generally quite high.\u00a0<\/span><\/p>\n <\/p>\n Nicaragua\u2019s residency program is only second to Panama\u2019s i<\/a>n the list of the top Latin residency programs. I would say that Panama is better for citizens of the US, the UK or any of the top 50 nations. However, if you\u2019re from a country that\u2019s not in the top 50, and you prefer a lower cost of living with a more laid-back lifestyle, Nicaragua <\/a>is, in my humble opinion, the better choice.\u00a0<\/span><\/p>\n Here are a few articles I believe you will enjoy reading:<\/strong><\/p>\n The Ultimate Guide To Investing In Teak Wood<\/a><\/strong><\/p>\n 6 Countries Where It’s Easy To Get A Residency Visa<\/a><\/strong><\/p>\n For more information on Understanding Teak Investment<\/a>, please fill out this form and we will have one of our specialists reach out to you.<\/strong><\/p>\n Want to hear an amazing podcast?\u00a0 This podcast is one of our listeners favourite episodes.\u00a0 Rachel Jensen from ECI <\/a>talks with me about Investing In Teak and about buying real estate in Latin America.\u00a0 After you have listened and are super stoked, go to the webinar that Rachel and I have done,<\/a> it will answer every single question you have and point you in the right direction! Enjoy!<\/strong><\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" With a population of just under 10 million, Nicaragua is a Central American nation that has been blessed with an abundance of natural resources and an infinite amount of natural beauty. Some of the densest and deepest rain forests on the globe, complete with a diverse variety of exotic flora and fauna, can be found […]<\/p>\n","protected":false},"author":678,"featured_media":27927,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[578],"tags":[56,388,8190],"yst_prominent_words":[7220,6515,7217,2104,7216,7223,7215,7219,4204,2544,1889,7221,4334,7214,7222,2738,7218,1878,1887,1931],"acf":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.escapeartist.com\/wp-content\/uploads\/2019\/09\/sailboat-1620310_1280-1.jpg","_links":{"self":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/27452"}],"collection":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/users\/678"}],"replies":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/comments?post=27452"}],"version-history":[{"count":14,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/27452\/revisions"}],"predecessor-version":[{"id":37651,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/27452\/revisions\/37651"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media\/27927"}],"wp:attachment":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media?parent=27452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/categories?post=27452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/tags?post=27452"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/yst_prominent_words?post=27452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Why Pursue Nicaraguan Citizenship<\/b><\/h2>\n
Teak \u2013 The Ultimate Commodity Attraction<\/b><\/h2>\n
How To Get Nicaraguan Residency<\/b><\/h2>\n
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What You Need To Apply For Nicaraguan Residency<\/b><\/h2>\n
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The Bottom Line<\/b><\/h2>\n