Association Not Worried About Nicaragua’s New Law

July 16, 2004

NICARAGUA’S new open-door policyfor foreign residents does not appearto be worrying the Association ofResidents of Costa Rica (ARCR).“Nicaragua is not Costa Rica,” saidARCR spokesman Ryan Piercy.Last week, Nicaragua’s NationalAssembly voted 64-0 to approve a newtourism law that gives residency to foreignretirees with minimum pensions of$400 (TT, July 9).The unanimous decision came as CostaRica’s Legislative Assembly is consideringa new immigration bill that, among otherthings, would effectively raise the minimumpension requirement from $600 to approximately$3,000 (TT, June 11).“Everybody talks about people movingto Nicaragua and Panama (instead ofCosta Rica). But a year down the roadafter all that talk began, most say to methey themselves would not live inPanama, and definitely not Nicaragua,”Piercy said. “A lot of retirees are worriedabout health care, for example. Howmany private hospitals are there inNicaragua?”Piercy said it makes sense thatNicaragua would have a lower requirementthan Costa Rica, since it needs toattract tourism, while Costa Rica has beena top retirement destination for more thana decade. However, he still objects to thedramatic increase of Costa Rica’s minimumrequirements as proposed in the bill.In discussion on the assembly floor,the immigration reform bill received 221motions for change. A commission willdebate the motions when the assemblyreturns from recess Monday. The bill willthen go back to the assembly floor for avote (TT, July 9).The Tico Times contactedImmigration Director Marco Badilla toget his response to Nicaragua’s new laweasing residency requirements, but he saidhe preferred not to comment yet becausehe has not had a chance to review itthoroughly.

Facebook Comments

You may be interested

Court rejects tax reform and asks legislators to eliminate four points
Costa Rica
736 views
Costa Rica
736 views

Court rejects tax reform and asks legislators to eliminate four points

Luis Fernando Cascante / Semanario Universidad - October 17, 2018

Costa Rica's Plenary Court has rejected the proposed tax reform bill in its current state and asked the members of…

30 protesters released from prison in Nicaragua
News
777 views
News
777 views

30 protesters released from prison in Nicaragua

AFP / The Tico Times - October 17, 2018

Nicaraguan President Daniel Ortega freed 30 political opponents on Monday, an action greeted with relief by human rights organizations. They…

La Sele continues to struggle, falls to Colombia, 3-1
La Sele
770 views
La Sele
770 views

La Sele continues to struggle, falls to Colombia, 3-1

Alejandro Zúñiga - October 17, 2018

One of La Sele’s shining moments happened right there, at the Red Bull Arena, a little over a year ago.…