Nicaragua is a country in the Central America, which offers foreigners quite interesting programs for obtaining a second residence permit. And although it is one of the poorest countries in the region, it is endowed with unlimited natural resources and golden sandy beaches. Learn more about the specifics of moving to Nicaragua in 2024
Over the past ten years, there has been interest in the Central Asian countries America, in particular Nicaragua, has grown significantly. This is due to improved quality of life, economic changes and infrastructure development. Broken roads have disappeared in Nicaragua, electricity is supplied from wind generators, and progress is noticeable in all areas.
It is not difficult to obtain a residence permit in Nicaragua. A thousand dollars a month is enough for a comfortable life of a family of two people. Real estate prices are moderate: a house can be bought for 70-100 thousand dollars, and objects by the sea cost from 150 thousand dollars. According to statistics, the largest number of expats arrive in Nicaragua from Panama, Colombia, as well as the United States and Spain, who choose this country as a place for “retirement immigration”.
The benefits of living in Nicaragua in 2024
Nicaragua is located in the heart of the Central America, and offers unique benefits for those looking for a new place to live in 2024. With its rich history, beautiful natural landscapes and relatively low cost of living, this country is attracting more and more attention both among tourists and among those who plan to settle here.
Consider the main advantages of living in Nicaragua:
1. Natural landscapes and climate. Nicaragua is famous for its impressive natural landscapes. From volcanoes and mountains to lakes and rainforests, the country offers many opportunities for outdoor enthusiasts and nature lovers. The climate in Nicaragua is warm and tropical, which allows you to enjoy good weather all year round. This makes the country an ideal place for those who seek to avoid cold winters and enjoy the sun most of the year.;
2. Low cost of living. One of the biggest advantages of living in Nicaragua is the relatively low cost of living. Prices for housing, food and services are significantly lower than in many developed countries. This allows you to live comfortably even with a limited budget;
3. Friendly locals. Nicaraguans are known for their hospitality and friendliness. Integration into local society is usually easy, and local residents are often ready to help new arrivals adapt to life in the country. Knowledge of Spanish, even at a basic level, can greatly facilitate the integration process;
4. Developed infrastructure for expats. There are more and more medical institutions, schools and other services in the country that meet high standards. It is important to note that medical care in Nicaragua is affordable and of high quality, which is an important factor for many people;
5. Investment opportunities. The growing interest in the country from tourists and expats contributes to an increase in real estate prices, which makes it an attractive investment destination. In addition, the Government of Nicaragua actively encourages foreign investment by offering various incentives and simplified procedures for business;
6. Cultural wealth. The culture of Nicaragua is rich and diverse, with influences from Spanish, Native American and African traditions. Local celebrations, music, dancing and cuisine create a unique atmosphere.
To safely move to any country in the world, obtain citizenship and employment, use the advice of an international lawyer. We help you solve complex and simple issues for your comfort and safety in any corner of the world.
Do I need a visa to travel to Nicaragua?
Nicaragua is a wonderful country with a rich culture and picturesque landscapes, which is worth your attention when planning a vacation. For citizens of most European, North and South American countries, a trip to Nicaragua is greatly simplified, because a visa is not needed to visit the country for tourist purposes or to visit friends and relatives. It is enough to have a valid passport that allows you to stay in the country for 90 days.
An interesting feature is the agreement between Nicaragua, Honduras, Guatemala and El Salvador, according to which it is enough to have a visa from one of these countries to visit others. Although in practice this system has not yet been fully debugged, it opens up great prospects for travelers who can visit four countries at once, having received only one visa.
Upon arrival in Nicaragua, you will need to get a tourist card, which costs $10. Even if you are exempt from obtaining a visa, this card is mandatory. Also, all foreign citizens must fill out an online immigration form on the official website of the Ministry of Foreign Affairs of Nicaragua at least 7 days before arrival.
How do I get a temporary residence permit in Nicaragua?
The Government of the country has taken many steps to simplify the procedure for obtaining a residence permit for foreigners. This is because the country is aware of the benefits of accepting foreigners at its borders.
There are 3 different categories of permanent residence programs that foreigners can apply for:
1. Pensionado visa: a residence program for those who are at least 40 years old and have a stable and permanent income of at least $ 600. This visa provides a minimum stay in Nicaragua for 1 year, which can be extended;
2. Rentista visa: There are no age restrictions for applying for this visa. However, the minimum monthly income required to apply for this visa is $750. This income can be obtained in any legal way;
3. Investor visa: The program is designed for investors. Investments can be made in any sector. The minimum amount is $30,000. It can be used to purchase land, any real estate, or any other purpose.
Regardless of which residence permit you are applying for, there are certain documents that you will need to provide:
– foreign and regular passport;
– birth certificate;
– a certificate of health status;
– a certificate of non-criminal record;
– marriage certificate (if available).
After that, the documents must be translated into Spanish and certified by a notary public. After the transfer, you will need to travel to Nicaragua to apply for a residence permit. This can be done at the migration office.
How do I get citizenship of Nicaragua in 2024?
Obtaining Nicaraguan citizenship in 2024 may be attractive for those who are looking for new opportunities or planning to move to Central America. Nicaragua offers several ways to obtain citizenship, among which naturalization, investment, marriage and descent are the most common.
1. Citizenship through naturalization
The naturalization process is one of the most common ways to obtain Nicaraguan citizenship. The main requirements include:
1. Permanent residence: The applicant must have resided in Nicaragua for at least 5 years;
2. Language skills: Knowledge of Spanish is a must%
3. Financial stability: The applicant must demonstrate financial independence and the ability to provide for himself and his family.
2. Citizenship by investment
Investors can take advantage of a special program for obtaining citizenship through investment. Basic requirements:
1. Minimum investment size: an investor must invest a certain amount of funds in the country’s economy. For 2024, the minimum investment amount may change, therefore, current requirements should be clarified with the relevant authorities;
2. Types of investments: real estate, business or other government-approved projects.
3. Citizenship through marriage
Marriage to a citizen of Nicaragua can also be the basis for obtaining citizenship. The main requirements include:
1. Legal marriage: the marriage must be officially registered in Nicaragua;
2. Length of residence: It is usually necessary to have been married for at least 2 years before applying for citizenship;
3. Documents: it is necessary to provide evidence of marriage, cohabitation and integration into the society of Nicaragua.
To apply for citizenship, you must prepare the following documents:
1. Completed application;
2. Passport and other identification documents;
3. Birth certificate;
4. Evidence of financial stability;
5. Medical examination;
6. Proof of residence in the country.
After collecting all the documents, the applicant submits them to the appropriate state body that deals with citizenship issues. The application review process can take from several months to a year.
Igor Usyk – Head of Migration Department at VisitWorld
To ensure a safe move to a new country, I advise you to contact specialists. My colleagues, qualified specialists with legal education, will help you avoid unpleasant situations during migration.
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