Nicaragua: Country where it’s easy to get a residency visa!
This country has one of the lowest cost visas with a path to citizenship and the fastest to permanent residency.
Invest $35,000 in Nicaragua’s reforestation program and anyone can become a resident of this welcoming country. Legal and government fees will depend on your country of origin and can be as high as $10,000 per person (US, UK, and EU citizens are much lower).
Nicaragua is the only country that gives you permanent residency immediately. Most countries, including Panama, start with a temporary residency and then allow you to upgrade to permanent status.
Like Panama, you can apply for citizenship after 5 years of residency. Nica’s passport is a solid travel document giving you visa-free access to 112 countries. Most importantly, a passport from Nicaragua gives you visa-free access to the Schengen Region of the European Union.
The catch with Nicaragua is that you must spend 180 days a year in the country. Most second residency programs don’t have a significant physical presence requirement. Panama requires you to spend 1 day every 2 years and Belize only 30 days a year, so 180 is high.
Nica’s logic is that they want residents who will become valuable members of their society.
They want you to bring your knowledge and capital to the country and to add value in exchange for the residency visa.