Different Types Of Visas To Enter Nicaragua

Nicaragua’s charm extends beyond natural wonders such as its lakes and volcanoes. For many, this Central American country has become more than a travel destination; it has turned into a place to call home.

The low cost of living, non-GMO food and even the small amount of restrictions during the last years have gotten expats thinking that Nicaragua should definitely be on their radar. 

What’s more, Nicaraguans are known for their friendliness and genuine hospitality, and the country has a wide range of cities to choose from – each with its own unique features. Whether you want a Caribbean retreat or a vibrant town, Nicaragua has you covered. 

Regardless of your background, Nicaragua welcomes you with open arms. That’s why, in this article, we’re delving into the different types of visas you can get to access this hidden gem and make the most of your new life abroad.

There are several Nicaragua visa options that can align with your goals

TYPES OF PERMANENT VISAS: UNRAVELING THE OPTIONS

First up, let’s break down the different types of visas available. When it comes to living in Nicaragua, there are several visa options to choose from, depending on your specific circumstances and objectives. Each visa category presents its own set of benefits and requirements, allowing you to find one that suits your needs. Here’s a detailed look at some of the different types of visas you can obtain. 

RETIREMENT VISA (JUBILADO OR PENSIONADO)

If you’re considering retiring in Nicaragua, you’ll be glad to know that the country offers several benefits for Resident Retirees. Under the Special Tourist Resident category, individuals meeting the following requirements can enjoy multiple tax and immigration advantages: 

• Resident Status: The Retirement Visa grants you the legal right to reside in Nicaragua as a retiree. It allows you to stay in the country for an extended period, which makes this an excellent opportunity to settle down in a peaceful environment;

• Financial Requirements: You need to prove a stable and permanent pension from foreign governments, public or private institutions, worth at least $600.00 USD per month;

• Dependent Family Members: The Retirement Visa allows you to include your dependent family members, such as your spouse and children, in the application. You must add $150 USD per dependent;

• Tax Benefits: tax exemption on household goods imports (up to $20,000 USD), vehicle importation (up to $25,000.00 USD every four years), construction materials (up to $50,000 USD), and rental vehicles for tourism with a valid driver’s license.

Once your investor visa is approved, you will be allowed to work and do business in Nicaragua

INCOME EARNER OR RENTIER VISA (RENTISTA)

If you’re still not a retiree but have rental income, you can have access to similar perks. Under the Special Tourist Resident category, individuals meeting the following requirements can enjoy multiple tax and immigration advantages:

• Resident Status: The Income Earner Visa grants you the legal right to reside in Nicaragua without the need for employment or business activities. It allows you to stay in the country for an extended period, which makes this an excellent opportunity to settle down in a peaceful environment;

• Financial Requirements: To qualify for the Rentier Visa, you need to prove a stable monthly income of at least $750 USD from a reliable source;

• Dependent Family Members: The Rentier Visa allows you to include your dependent family members, such as your spouse and children, in the application. You must add $150 USD per dependent;

• Tax Benefits: tax exemption on household goods imports (up to $20,000 USD), vehicle importation (up to $25,000.00 USD every four years), construction materials (up to $50,000 USD), and rental vehicles for tourism with a valid driver’s license. 

INVESTOR VISA (INVERSIONISTA)

If you’re an ambitious investor in search of new opportunities in Nicaragua, the Investor Visa offers many perks you should consider. This visa was launched to attract capital to develop the country while providing a gateway to exciting business prospects. Here are the program details:

• Requirements: To qualify for the Inversionista Visa, you must invest at least $30,000 USD in a Nicaraguan business, real estate or even government-approved forestry investments. This commitment proves your dedication to promoting economic development in the country;

• Benefits: Once approved, this visa allows you to work and do business in Nicaragua. 

As a foreign investor, you’ll have free access to currency exchange for capital transfers, profits, dividends and debt-related payments. 

Related content: Living In Nicaragua As An Expat

If you have family ties with Nicaraguan citizens, you can use this to your advantage to obtain permanent residency

TOURIST VISA (AND VISA-FREE TRAVEL)

If you just want to test the waters before fully committing to the country, the Tourist Visa is the right option for you. However, if you stay less than 90 days and are a citizen of countries like the US, Canada, New Zealand, Australia or an EU state, you can simply use your passport and get a tourist card.

You must keep in mind the visa requirements and the maximum stay duration. Overstaying your visa may lead to complications and legal issues, so if you intend to stay longer, apply for a visa of your convenience. 

FOREIGNERS WITH AFFINITY OR CONSANGUINITY TIES TO NICARAGUANS 

If you have family ties to Nicaraguan citizens, you can go down this route to obtain permanent residency. To qualify for this visa, you must meet the following requirements:

• Certificate of Marriage with a Nicaraguan or Notarized Declaration of Stable Union, both registered in the Civil Registry, with a duration of at least two years, as per National Legislation;

• Photocopy of the Nicaraguan spouses’ ID card or Birth Certificate;

• Birth Certificate and photocopy of ID card or Birth Certificate;

• If financially dependent, a notarized declaration of support and income sources from the supporting individual;

• Additional documentation may be requested in exceptional cases (Article 63 numeral 7 of the Regulation to Law 761, General Law of Migration and Foreigners).

If the applicant has their own business, they must also present a notarized declaration of income sources, municipality registration, fiscal solvency, and RUC (Unique Taxpayer Registry) identification.

Make sure your passport is valid for your entire stay and has enough blank pages

TEMPORARY VISAS

Apart from testing the country in under 90 days to check whether it could be a place you’d call home, there are other temporary visas for specific profiles: 

• Scientists, Professionals, Technicians, and Specialized Personnel;

• Entrepreneurs and Non-Profit Legal Entities;

• Journalists;

• Students;

• Religious Workers;

• Independent Workers;

• Dependent Employees;

• Economic Dependents;

• Artists;

• Athletes.

ENTRY AND EXIT FORMALITIES

As a reminder, pay close attention to the entry and exit formalities. Make sure your passport is valid for your whole stay and has enough blank pages. Also, keep in mind the Central America Border Control Agreement, which allows you to travel between neighbouring countries with ease.

Related content: The Basics Of How To Get A Second Passport Or A Second Residency

With visas for retirees, investors or just adventurers, Nicaragua has something in store for you

POLITICAL CONSIDERATIONS

Nicaragua has had a history of banning entry or expelling foreigners for political reasons. The government's views on political matters may change, and it’s a must to be informed about the current situation before and during your visit. 

To ensure a smooth and trouble-free trip, it’s recommended that you register your trip with the relevant authorities, as it can provide you with the latest security updates and allow for prompt assistance in case of an emergency. Also, it’s advisable to exercise caution when engaging in political activities or discussions while in Nicaragua. 

Related content: Nicaragua's Political Situation And How It Affects Expats

CONCLUSION

Nicaragua offers a diverse range of both permanent and temporary residency visas tailored to various profiles. From retiring to investing to simply testing the waters and everything in between, Nicaragua has something in store for you. 

Nicaragua is still a hidden gem haunted by its somewhat turbulent past and safety concerts. Still, as long as you exercise caution and play your cards right, you can enjoy a wonderful expat experience in the heart of Central America. 

Once you get your residency, you’ll enjoy benefits such as a reasonable tax regime, low cost of living, organic food and a variety of cities for you to pick and choose.