How to get Residency in Nicaragua - with my lawyer Eduardo

[@TonyByers-so8ie]

I married a Nicaraguan woman in 2004. She became a U.S. citizen in 2008. We moved to Nicaragua in 2021. I applied for residency after one year of living here. My wife and I had to legally be married in Nicaragua for 2 years to apply for permanent residency! 2022 and 2023 I had a temporary residency of one year for both years. Now, I have been approved for the permanent residency. I will have to go to immigration every 6 months and pay a fee for the next 5 years.

[@jgm3620]

Thank you, great information

[@J0HN_3_16]

Great residency video. What is the fastest way to get citizenship in Nicaragua?

[@TheWanderingInvestor]

Thank you. Investment, and then 4 years later you can apply. But they want to see a lot of substance, and the approval can take 1-2 years.

[@JustTravelJT]

What about Citizenship for like foreign nationals looking for a 2nd Citizenship? I have heard that it takes approximately 2-3 years with lawyers help?

[@TheWanderingInvestor]

You need to actually live there for 4 years on the investor visa and then apply and that still takes time. The 2 year option you hear only is very specific and fake news the way it is being mentioned.

[@JustTravelJT]

@@TheWanderingInvestor What are the best countries in Latin America to get Citizenship?

[@micomarinas2753]

how about buying/investing in property or bank deposit in Nicaragua?

[@TheWanderingInvestor]

No, unfortunately this does not qualify for residency.

[@mikart3d]

Interesting, so what about the 2 year run for citizenship? Does it still apply with the 30K investment process? What kinds of government projects can one apply? Do they offer you that or do you have to create your own business?

[@TheWanderingInvestor]

This 2 year path to citizenship in Nicaragua is very specific. It's more of a citizenship by exception. Mostly fake news online about it.

[@Kevin.S.Birdwell]

So, if someone invests like $30,000 or more is it eligible to become a Resident? Can we invest in Real Estate and Rent it out and keep the savings in the local Bank 🏦 and pay Taxes?

[@TheWanderingInvestor]

Real estate does not qualify. Details here: thewanderinginvestor.com/services/residency-and-citizenship-by-investment/how-to-obtain-residency-in-nicaragua/

[@maruma2013]

We need to do investment to teak. But Nicaragua still grant Permanent residence, right? (It is really important to me.) And also, does Nicaraguan hate 1st world country citizens? I am South Korean so I am worried that because of they are close with North Korea.

[@TheWanderingInvestor]

Yes. It’s permanent residency but you must nevertheless renew your card every 6 months. You won’t have any issues as a South Korean.

[@maruma2013]

How much I need to stay for citizenship after I get Nicaragua residency by investment? Someone say two years and the other say four year.

[@TheWanderingInvestor]

@@maruma2013 4 years. The 2 year thing is misinformation online and just for people that do something “exceptional for Nicaraguan culture.” Speak to the Teak people. They can explain everything about the residency process.

[@imrannazeer4846]

Without coming into Nicaragua possible im get the this residency by investment?

[@TheWanderingInvestor]

@@imrannazeer4846 No

[@bashirabdullahi1678]

Hello someone gave me Nicaragua evisa please can u verify it for me if it's original?

[@HTbdoo]

So, can i just buy land and plant my own teak plantation and get residency?

[@TheWanderingInvestor]

No. Because there needs to be people you employ, pay social security, etc. These teak programs are structured this way.

[@TheWanderingInvestor]

But nice try 😅

[@HTbdoo]

@@TheWanderingInvestor so...i would employ someone to take care of plantation. My final goal is not to just obtain residency, but set up sustainable regenerative agricultural project

[@TheWanderingInvestor]

@@HTbdoo Yes. This should work. Speak to Eduardo. He can help you set up the right legal structure and with the application.

[@realsamuelhawley]

The requirement to renew one's residency card is a major drawback. The govt started this rule during Covid. They sent people out to check on the welfare of foreigners resident in the country and were shocked to discover that a large portion of them were not at the addresses listed on their residency cards. So they instituted this draconian rule. The talk at the time was that it was a kneejerk overreaction and would be cancelled after a while. But three years have now passed and the rule is still in place.

[@TheWanderingInvestor]

Yes. Very unfortunate.

[@ADirtCheapLifeParaguay]

Yes! This is one of the reasons we chose to move on from Nicaragua. Feels like shaky ground when you have to renew your cedula every 6 months - also what if they keep increasing the price to renew?

[@lextor4712]

​@@ADirtCheapLifeParaguayhow often do you need to renew in Paraguay?

[@ADirtCheapLifeParaguay]

@@lextor4712 Your cedula aligns with our residency time frame, so the first cedula is valid for two years (temp residency) and then you are issued with one valid for ten years (permanent residency)

[@lextor4712]

@@ADirtCheapLifeParaguay Thank you!

[@raindrop3250]

I am from united states. Can i buy a house and then get citizenship in Nicaragua?

[@TheWanderingInvestor]

The one does not lead to the other.

[@raindrop3250]

@@TheWanderingInvestor What are my options to own a house and being able to live there?

[@TheWanderingInvestor]

@@raindrop3250 thewanderinginvestor.com/services/residency-and-citizenship-by-investment/how-to-obtain-residency-in-nicaragua/

[@kwannp6141]

So I follow your channel regularly.... I think you should know the people you have representing you have been horrible! Your guy from Mexico, Sergei, refuses to answer emails (very rude and unprofessional)..... Your people from Panama, grossly charged much more than what was presented in your video..... This is your brand - do you have anyone who represents your brand with professionalism besides yourself and the guy in Montenegro?

[@TheWanderingInvestor]

Sergei: Your emails probably landed in spam. Send me an email and I can follow up. Panama: I never mentioned precise pricing in my Panama videos. Immigration to Panama is not “cheap”.

[@kwannp6141]

@@TheWanderingInvestor So, my apologies regarding my comment about Panama and pricing. You did mention pricing; however, it was not nexus to the product you were advertising. With Sergei, if he received my first email and responded, why would my second email go to spam? No one said immigration is cheap - in fact, I have mentioned this is one of the least expensive options (I think) available. Looking over the email correspondence with your Panama team, I was given multiple pricing points. I guess it's not your responsibility whether these people respond to emails. If business is really going that well, it's not relevant to check all avenues of incoming correspondence...

[@TheWanderingInvestor]

@@kwannp6141 Shoot me an email if you don’t mind. I’d like to investigate and follow up. Bad service is not acceptable. Thank you.

[@Userhtfy3426]

@@TheWanderingInvestorGood answer. Vet your contacts before referring to people; otherwise you will lose your credibility unfortunately. There are always more professionals to choose from in all these countries. People need to do their own homework and shop around.

[@King35Fan]

@@TheWanderingInvestor Actually, the price for the immigrations process to through a lawyer is set by the government. The fee structure is not expensive although many lawyers can charge more although they should not and there are lawyers who are competent who do not. I know this for a fact, as I have gone through the process successfully in Panama.

[@Userhtfy3426]

renew every 6 months?! Hell NO!!! Mexico and Panama are way way way better than Nica. No gracias! I won't take it even for free!

[@SergeiKostenkoMX]

In Mexico only for the first year, then for 3 years, then PR for the whole life. No expiration date on the PR card.

[@Bcbweb]

FAFO