Nicaragua offers citizenship and residency by investment, a citizenship by investment program (CBI) in Nicaragua allows foreign investors to gain second citizenship and a passport to a more democratic and liberal country than their own, in return for financial investment in that country. This is normally made in the form of a charitable donation or a real estate purchase. Once the investment is made, the investor is granted the citizenship and passport of their chosen country in a short time. This program offers two investment options to choose from:
Residency Options in Nicaragua
Nicaragua residency by investment offers a tremendous deal for anyone willing to invest US$ 30,000 into the local economy. If you do so, you are entitled to a 5-year permanent residency visa which can lead to citizenship down the line. All you need to do is create a corporation and then invest at least US$ 30,000 in a local business, real estate, or even agricultural or forestry investments. Forestry investments are one of the easiest and quickest ways to get an investor’s visa.
The documents you will need to obtain permanent residency in Nicaragua through investment are the following:
Rentista and Pensioner Visa
To obtain a Pensioner visa, you must be at least 45 years old and prove a minimum of US$ 1000 of fixed monthly income.
To obtain a Rentista visa, you must demonstrate at least US$ 1250 of monthly passive investment income such as dividends or rental income.
The documents you need to obtain permanent residency through Rentisa and Pensioner Visa in Nicaragua are the following:
Benefits of Citizenship CBI Program
Benefits of Residency Program
The requirements and qualifications required to obtain Nicaragua citizenship and residency are listed above in the “About Nicaragua Citizenship and Residency” section.
Step 1: Gather all the documents you need.
Step 2: You have to fulfill visa requirements and send them to Immigration through email. After processing you will be approved and you can take a flight to Nicaragua.
Step 3: At Nicaragua airport, you can get an on-arrival visa based on the approval you receive through email.
Step 4: Purchase a property, the investor should ask the owner about the history of the property registry. This allows them to check for possible conflicts of legitimacy, as well as the document ”Free assessment” to determine that the property has no debt.
Step 5: All documents must be translated into Spanish by an authorized translator as well translated documents need to be attested by the Ministry of Foreign Affairs before submission.
Step 6: Submit all the documents.
Privacy World offers its services to anyone, not only looking to obtain residency and/or citizenship processes but our experts figure out legal ways to:
Privacy World can also help you with incorporating your company in Nicaragua, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.
Want Privacy World to handle your case? Have any questions? Contact us!
Dual citizenship is not recognized in Nicaragua. Except in countries of Central America and the other countries with which Nicaragua has an agreement of dual citizenship.
Although there is no physical presence requirement, applicants are advised to spend some time in the country at least 30 days a year to show a connection.
A person who has established a legal residence in the country for 4 years can apply for citizenship.
Yes, the applicant will need to pass a test on Nicaraguan culture and history, which is conducted in Spanish.
Residents are subject to income tax up to 30% according to the progressive tax rates.
Non-resident, whether domiciled or not, who receives Nicaraguan -source income is subject to a 20% definitive WHT.
There are no net worth/wealth taxes in Nicaragua.
Yes, to be filed under occasional gains. The tax is 1% up to $50,000. From $50,000 to $100,000 the rate is 2%. Anything over $100,000 is a 3% inheritance tax.
Yes, foreigners can buy a property in Nicaragua and the government of Nicaragua welcomes investments from overseas buyers.
Spanish is the official language spoken in the western and central parts of the country. In the Caribbean regions, various languages are spoken: English, Creole, Garifuna, Miskito, and Mayagna.