{"id":29902,"date":"2019-12-12T11:40:09","date_gmt":"2019-12-12T16:40:09","guid":{"rendered":"https:\/\/www.escapeartist.com\/?p=29902"},"modified":"2020-09-21T06:27:46","modified_gmt":"2020-09-21T11:27:46","slug":"why-nicaragua-should-be-your-residency-destination","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/why-nicaragua-should-be-your-residency-destination\/","title":{"rendered":"Why Nicaragua Should Be Your Residency Destination"},"content":{"rendered":"

The conversations surrounding Nicaragua are usually charged with political affairs and government bureaucracy. While the country may be in the news for economic difficulties and political instability, the same can be said for countries like the United States. But today let’s delve into why Nicaragua should<\/span> be your residency destination.<\/strong><\/p>\n

The <\/span>World Bank has been supporting the country<\/span><\/a> to build its economy through the International Development Association. Moreover, <\/span>according to the IMF<\/span><\/a>, the country has recently made advances in its agricultural sector, which has given its economy a much-needed boost.<\/span><\/p>\n

The truth is, Nicaragua is one of the most popular getaway destinations in Latin America. A summer vacation on a tropical island along the Pacific coast sounds like a dream. But imagine experiencing that relaxation every day for the rest of your life. Now that sounds like a retirement!<\/span><\/p>\n

Nicaragua has one of the top residency programs in Latin America. It\u2019s ideally located close to both the United States and Canada. Its low cost of living and great tax incentives have made it a valuable safety net for Americans looking for residency in an additional country.<\/span><\/p>\n

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Documentation Requirements<\/b><\/h2>\n

The Nicaraguan government is very friendly to U.S. nationals when it comes to residency. Citizens of the U.S., the U.K., Scandinavia, El Salvador, Argentina, Guatemala, Chile, Honduras, El Salvador, Bolivia, and the European Union don\u2019t require visas to travel to the country. They are instead issued a tourist card that is valid for 90 days upon arrival at immigration.<\/span><\/p>\n

Citizens of countries that don\u2019t have agreements with Nicaragua, such as Canada, Australia, New Zealand, and some European countries get the same 90 day tourist visa as everyone else but it costs $10 US.\u00a0 The visa can be extended for another 90 days easily as well.\u00a0 Usually multiple times.\u00a0 So it\u2019s very easy to stay a long time in the country for citizens of Canada, Australia, and any country deemed safe. \u00a0<\/span><\/p>\n

You will also need a passport that is valid for at least six months.\u00a0<\/span><\/p>\n

Other than that, to apply for a residency program in Nicaragua, you will need:<\/span><\/p>\n