There a lot of fallacious facts about Nicaragua that you should think twice, thrice or many times before you should believe in. This country is considered as the largest yet the least visited country in the Central Americas. It is also the least populated. The last traces of the civil war have slowly dissipated and Nicaragua now is a young democracy with a developing economy. Their national language is Spanish, and in some places English. The climate is usually hot and humid, and they also got scenic hills and volcanoes and beautiful beach coasts. Find out more about why Nicaragua is one of the best places to live in the world...

The real Nicaragua is more elusive and subjective. "Los Nicos" or the Nicaraguans day-to-day realities of life are very different as they are among the unrushed, long-term travelers who have decided to settle there. Nicaragua is really an exceptional country with spectacular lakes and volcanoes, friendly people and legendary towns filled with cultural richness. Right now, this country is even considered as a hot retirement destination with Central America's lowest crime rate. These things and more beckon foreigners to come and check out what they have to offer. A recent article in USA today claims that more than 5,000 Americans are currently calling Nicaragua as their homes.

Nicaragua fits the bill for people of all ages looking for improving their lives through, living closer to nature in an exotic land outside the US and Canada. It is also considered as the cheapest country for retirement, you can easily become a "pensionado" or "residencia" for only US$130 with no legal fee. You can live comfortably here on a pension of about US$500 to US$800 a month including domestic help, utilities and taxes. Health insurance is about US$90 a month, while outpatients are free. The dollar stretches up to 3 times further here than in the US.

And when you're a retiree or entrepreneur you'd surely get more from your decision to come here.

The Nicaraguan government offers immigrants and retirees one-time duty free Exemptions. They are allowed to bring in US$10,000 worth of their household and personal items duty-free and untaxed when they come in. They are also exempted from income taxes on income generated from abroad.

Nicaragua is a country for those looking for a different way of life - people wanting to get away and retire from their present situation, from being burnt out; tired of the rat-race and those tired of dead end jobs would consider coming for vacations. Oftentimes, these short visits become long term stays until they finally decide to settle down here and make Nicaragua their second home.

Nicaragua can truly be considered as the "New Frontier." A country for the adventurous souls in search for new horizons and change of pace.

This country connects the North Americas to the South America. The famous Panama Canal can be found here. Panama can also be considered as Latin America's finest country blessed with incredible climate and spectacular coastal landscapes.  Find out why many call Panama one of the best places to retire in the world. 

Panama's economic stability has drawn attention from many foreign investors. It's strongest industry rely on services especially from The Panama Canal which acts as one of its largest source of income and a significant role towards globalization. 

But even with it's seemingly success at maintaining its economic status, the cost of living here is noticeably lower. Along with its healthy growth in tourism, Panama is now becoming one of the most popular counties for foreign retirees and investors. Not only it has the best infrastructure in Central America, but is also a safe, stable and friendly country.  

Cost of living in Panama is definitely lower than the US and much lower than in Europe. Locally produced goods such as vegetables, fish and meat are cheaper while imported goods and items may cost slightly higher. You can hire a housemaid or gardener for as low as 88 cents per hour, buy your local beer for 30 cents per can or have a cup of coffee at a restaurant for 30 cents.  

Panama currently has an undervalued real estate market, but soon these prices will rise as what is happening in its neighboring countries such as Costa Rica and Mexico.  

The Panama government has created a series of taxation breaks and incentives to continue encouraging investments which caused an even greater wave of foreign investors and expats that seek ideal investments and second homes.  

Financial incentives for immigrants to Panama are can make you consider putting it on top of your list. Besides that, Panama's Pensionado programs offer incentives such as Import tax exemption for household goods; Tax exemption to import a new car every two years and discounts on utility bills, airline tickers and other transportation, loans, home mortgages for personal residence, doctor's bills and hospital services if you don't have insurance, dental and optical exams, medicines, professional and technical service fees, entertainment entrance and even hotels. 

Panama really has something for everyone. It's interesting cultural background, sights of myriad birds in the cities or in its rainforest, a city skyline that is reminiscent of the New York and Singapore skylines can cure you of your boredom and may finally convince you to stay here for good. All this and more makes Panama and ideal location for retirement or a second home. There's definitely more to Panama than just a Canal! 

Uruguay is a small country in South America situated between Brazil and Argentina. The absence of gold and silver made colonizers less interested in this place and they just introduced cattle and agriculture which is the source of the county's economy until now. Learn why many call Uruguay one of the best places to live in the world. 

So what will it be like to live in Uruguay? 

This country's people and culture are more European Mediterranean, with Spanish as their official language. It's like living in Mexico but wealth here is more evenly distributed. Up until now, the certain old fashion European charm can still be felt here, sitting in a café in the older part of the city will give you a feel of Barcelona. 

Uruguay also has a far lesser crime rates and corruption compared with its South American neighbors. The people are extremely polite and friendly too. You can enjoy a high quality of life here for lesser the cost. Cost of living is very cheap as far as housing, domestic help, food and others are concerned. Infrastructure is of first rate for a seemingly third world country. You can drink water from any tap in the country, telephone lines can be installed in less than 48 hours and high speed internet connection in readily available. Uruguay is considered as one of the most diverse, affordable and sophisticated countries in the region. 

Most retirees and migrants know that Argentina is a great deal right now, but only a few realize that Argentines are choosing Uruguay for their retirement destination due to its pros of low cost of living and world class beaches. 

Many foreign immigrants are now putting Uruguay in a positive place in their list. It has a natural beauty coupled with a high quality of life that lures retirees easily. Most of retirees are coming from Argentina yet Uruguay is continuously inviting other foreign retirees to come and try out what their country has to offer be it a dream of a newly restored colonial home with modern interiors, a small cottage with a quiet courtyard or a lazy beachfront retreat, all that you can find in Uruguay! 

You can have Modern and first rate infrastructure, excellent highways, drinkable water, finest telecommunications, fresh and colorful markets of fresh food every week and stunning beaches once you settle in Uruguay. Plus the fact that prices for just about everything--are excellent. 

And if that is still not enough? Residents of Uruguay are entitled to a second passport which is a real asset for insuring your privacy and mobility in today's world.