Expat Community > Nicaragua

Drs2817
Joined 2014
Posts: 2

Advice, Business, Partners

10 years ago

Hello All!

I am a U.S. citizen in my mid 20's determined to move to central america/islands in the next 60 days. I have lots of questions that are somewhat important to me before moving. My current focus area is Nicaragua, probably in either Granda, Laguna de Apoyo and San Juan del Sur. I am married with child, I am a some what successful business owner, looking to build roots. I am not interested in investment property potential currently, although I am interested in building businesses in the area that communicate with close by countries. I am a computer programmer, as well as premium web design and marketing consultant. I specialize in a ton of areas, although I am most known for my financial writing and publishing, as I am considered a market guru.

My wife and I have been very successful in our ventures, although it seems no matter the success, in the U.S. you are still nothing more than a person with a dream, that is in all honesty unobtainable. I am very laid back and lax, as well as my wife and child, we value our family and depend on one another for support, therefore when reading about Nica, it sounded very appealing. My wife runs two different small non-profits, although the needs to met the demand in this country are extremely expensive in-order to make a difference.

We will more than likely start off renting, although we were wondering how proof of work, credit scores and financial stability can be accountable in a different country. I have found some information, but overall it has been very vague. I am very familiar with all central america's trade laws, especially pertaining to Nica, as well as VISA laws and requirements.

Also, I was wondering about overall budgeting, what is a typical budget in those area for a modest yet good life style. I have read many articles about living on $700-$2000.00/month, but I figured this was kind of scammy sounding.

Another thing, I was wondering about import and exports, although I am familiar with the laws, there really is no specific information on the importing and exporting of goods. Say that I wanted to open an IT and electronics vendor VIA online eCommerce and a physical location in Granda or Maguna. How expensive is the transportation of goods from say "miami" to Nica.

Another thing I have read is about how much easier it is to obtain permanent residency, if partnered or working for a local or Nica affiliated company, is there anyone on these forms who would fall into this category?

Last few things I was curious about are the following:

Travel distance and time between Granda, Apoyo, SDJS and Maguna

Plane tickets from Nica to surrounding countries, as far as Uruguay, Jamaica, Costa, Guatemala and Mexico City.

Leasing office or retail space values in those focus areas.

2 Bedroom "suitable" homes for long-term leasing

Education requirements of work places, as I hold no specific degree, this is a very important topic to elaborate on. I have worked for both large and small financial, IT, Programming and Design firms as a self-employed owner, contracting another business, although I have never had the desire to work directly for someone, as it seems pointless for me.

Internet Connection, what are the speeds and dependability like in those areas?

Obtaining Business Licenses for both "for-profit" and "non-profit" sectors.

Transferring of funds, I deal mostly with Bitcoin and Litecoin, as well as other crypto based currencies, but I also deal with tons of forign clients from around the globe, will local banking institutions accommodate me?

This is all my current questions for now, I am really looking for someone willing to elaborate in detail, not figures.

Sincerely,
A Hopeful Nica Expat

William Russell

Get a quote for international health insurance from our partner, William Russell.
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William Russell

Get a quote for international health insurance from our partner, William Russell.
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William Russell

Get a quote for international health insurance from our partner, William Russell.
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