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Nicaragua Real Estate and Investment News |
April 2008 |
 Welcome to our April 2008 newsletter. As part of our continued commitment to provide you with the best Nicaragua real estate information, we have listened to your feedback and are now including answers to some of the most common questions our readers ask. We are also including progress updates for real estate developments that continue to perform well and be the most sought after by real estate investors and those looking to relocate to Nicaragua.
It has been an exciting start to the year with many new homes being completed and many more getting started. We have added a variety of property listings and vacation rentals to our portfolio, which you can view at www.realtornicaragua.com. Most importantly, we have added even more happy members to our growing community of Nicaragua real estate owners.
Be well, write us with your questions and feedback, and let us know how we can help you better understand Nicaragua real estate. And as always, make sure to review our vacation rentals when planning your trip to Nicaragua at www.realtornicaragua.com/rentals.
The entire Water's Edge Nicaragua Realty team | |
Special Second Home Expo in Houston this Weekend,
April 19 & 20
This weekend join Samantha Brown, the lively and vivacious Emmy Award-winning host from the Travel Channel in Houston, where she will discuss exploring your inner self and how to tell if that second-home destination under consideration is the perfect choice or if you should continue the quest.
Make sure to attend "Today's Nicaragua - The Timing is Perfect for Ground Floor Retirement & Investment Opportunities", being presented by our partner International Home Brokerage, on Saturday, April 19th at 10:30am, and also make sure to visit them in booth #504 where you will receive valuable Nicaragua real estate information.
The Escapes! Second-Home Expo will be held at:
The Woodlands Waterway Marriott Hotel and Convention Center
1601 Lake Robbins Drive, The Woodlands, Texas 77380
Dates: Saturday and Sunday, April 19-20, 2008
Hours: Saturday, 9a.m. - 6p.m.; Sunday 10a.m. - 6p.m.
Pre-purchased tickets are $10 online at the show's Web site; $12 at the door. Ticket admits one adult for one day of the Expo. Two-day passes available. For detailed information on seminar times, list of exhibitors, hotel accommodations and area attractions, visit the Escapes! Website: http://www.escapesexpo.com |
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If you feel that our newsletter would interest one of your friends, please forward it to them using the forward email link below. | |
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Featured Property: El Camino del Sol
 Take advantage of this attractive and affordable pre-construction home in El Camino del Sol, a tranquil yoga community nestled in the foothills above San Juan del Sur. This specialized resort community offers residents and guests a perfect backdrop for a healthy outlook on life and easy access to Nicaragua's best outdoor activities.This wonderful new home features 900 square feet of construction area, 1 bedroom, 1 bathroom, indoor garden, laundry area, lock-off closet, a kitchen with ample counter space and more.
Owning a home in this unique development lets you enjoy the luxury of an expansive private property including a large swimming pool, lush landscaping, and thatched roof yoga and meditation areas. Most importantly, you will be able to enjoy the company of like-minded owners and guests interested in the environment and local community. Priced at just $89,000 for a limited time!
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Nica Yoga Officially Opens at
El Camino del Sol
 Since early 2006, Nica Yoga has been coordinating yoga retreat vacations in San Juan del Sur, mixing the enlightenment of daily yoga practice with many exciting activities and San Juan del Sur's laid back feel. These yoga retreat vacations are now officially being held at El Camino del Sol, helping put Nicaragua on the map as a great Central American yoga retreat destination. With El Camino del Sol as its new fixed location, Nica Yoga is now able to customize Nicaragua yoga retreat vacations for individual and group travelers. Tucked in the lush, rolling foothills just outside of San Juan del Sur, yet only 3 kilometers from the town center, this tranquil environment is ideal for those looking to relax, unwind, meditate, and practice the art of yoga.
We are excited to see Nica Yoga and El Camino del Sol flourish as yoga retreat vacations become a popular choice of many travelers coming to Central America and we look forward to providing you with a schedule of Nica Yoga's upcoming retreats so that you can book your spot well in advance. |
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Your Questions Answered
What is the benefit and what are the costs of holding Nicaragua real estate under a Nicaraguan corporation?
This is a very common question we receive from our readers. As you know, both foreigners and nationals share the same property rights when it comes to owning Nicaragua real estate. Additionally, you have the option of holding property in your own name or under a Nicaraguan corporation.
The main benefit of holding your property under a Nicaraguan corporation comes when you plan to have partners, investors, or any additional party that will own the property with you. The name of the corporation will be recorded on the property deed, and you will have the flexibility to change the number of investors, their percentage of ownership, etc.
Costs associated with owning a Nicaraguan corporation stem from a) forming the corporation and b) from ongoing operations of the corporation.
Forming a Nicaraguan corporation for the purpose of holding real estate can be done in two different ways:
1) from scratch, meaning you establish the corporation with an attorney and then complete the registration process with all associated government authorities, or
2) purchase an "off the shelf" corporation from an attorney that already has one set up, meaning the registration process, etc has already been completed and the shares will just need to be transferred in to your name(s). The cost of forming a Nicaraguan corporation will range from US $800 to $1,400.
In late 2006, the DGI (Nicaragua's tax authority) put into place new requirements for Nicaraguan corporations to file monthly reports, regardless of any activity taking place. Under these new requirements, you must file a report each month or the corporation will be assessed a fine. These filings create administrative costs associated with paying someone (a lawyer, accountant, etc.) to oversee the monthly reporting requirements, and can cost anywhere from US $50 to $150 per month. Of course you can find someone to provide you this service at a lower cost; however, we recommend choosing someone that will be conscientious and will make sure you avoid any fines.
Please contact us with your questions about purchasing real estate in Nicaragua. |
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About Water's Edge Nicaragua
Since our inception in 2004, we have been committed to providing our customers with exceptional, personalized service that is backed by a wealth of Nicaragua real estate market knowledge and experience. Our outstanding agents are the main reason why Water's Edge is known as the most trusted name in Nicaragua real estate. We provide the most useful, professional, and unbiased information, enabling our customers to benefit from the opportunities that Nicaragua can provide. We look forward to helping you, your family, and your friends find the ultimate real estate in Nicaragua. | |
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