What do I need to know before retiring in Nicaragua?
When we asked people what advice they would give someone preparing to move to Nicaragua, they said...
"Expats should research Nicaragua's healthcare system before retiring in the country. A comprehensive medical insurance plan is often advised due to the limited public health system. Additionally, expats should familiarize themselves with local visa regulations, as well as taxation regulations for foreign nationals. Quality of life is generally good and very affordable, so expats may consider their budget in advance. Expats may also want to investigate living arrangements before relocating, as there can sometimes be difficulties finding appropriate housing. Lastly, expats should be aware that the infrastructure in some areas of Nicaragua can be unreliable at times," wrote a member who made the move to Nicaragua.
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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Click connect to have our partner contact you via e-mail and/or phone.
"Again, spend as much time prior to moving as possible. Patience, that is the key word for Nicaragua. Be prepared for late appointments or on the other side of the coin, the appointee will show up way ahead of the scheduled time. As soon as you learn to go with the flow, relax, no stress, you will adjust much easier. Remember, we will always be a guest in the host country, and smile," explained one expat living in San Juan del Sur, Nicaragua.
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Other Questions:
- What should I pack when moving to Nicaragua?
- Where should I setup a bank account in Nicaragua?
- Will I be able to find a job in Nicaragua?
- What is life like in Nicaragua?
- What do expats in Nicaragua appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Nicaragua?
- Is there a lot of diversity? Are people in Nicaragua accepting of differences?
- What are the schools in Nicaragua like?
- What are healthcare services like in Nicaragua?
- What are medical services in Nicaragua like?
- Are healthcare and health insurance expensive in Nicaragua?
- What are emergency services like in Nicaragua?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Nicaragua?
- How are local medical facilities in Nicaragua?
- As a foreigner living in Nicaragua, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
What do I need to know before retiring in Nicaragua?
If you live in Nicaragua, newcomers to Nicaragua would love to hear your answer to this question.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.