Do You Really Want Residency in Nicaragua? 🇳🇮
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- Опубликовано: 12 сен 2024
- Everyone thinks that they want residency the moment that they look at Nicaragua. But do you actually want residency? Let's seriously talk about the options and think about what might be right for you. Maybe a long term tourist visa is what you need.
#nicaragua #residency #visa
2 December 2022
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Hey Scott I really like your videos, you give very good information, thank you for taking your time.
Thanks, and my pleasure!
I'm not familiar with Nicaragua as I haven't lived there, but there are some things I could add to the discussion with other places I've lived in regard to why many want to get residency.
Firstly when it comes to visa runs, many countries are starting to crack down on them. In Mexico for example the government is becoming very strict in enforcing that visitors can only come into the country 180 days per year and border officials are stopping those who are crossing the border just to reset their time in the country.
The second big reason why many want residency over just visiting as a tourist is that it is more permanent and it eventually leads to citizenship. No matter how much time one spends in a country as a tourist they will never work towards citizenship as they would with a residency permit. Once you are a citizen you have guaranteed access to the country for life, whereas tourists don't, and of course, tourist visa policies could change at any time, but once you are a citizen no one can stop you from entering and spending as much time as you want.
As for getting a residency before visiting a country, there are some reasons why people want to do that. Going back to my last point it sometimes has to do with citizenship. In Mexico, as an example, you have to live in the country for 18 months out of two years before you apply for citizenship, but you must have held your residence permit for 5 years. So many will get a residence permit and let it "age out" for 3 years, then move to Mexico for the final two years, and then apply for citizenship; this gives them citizenship in two years rather than five years by ageing out the residency. Some people go a step further and have a "paper residency", which is a residence permit to a country you actually never go to. It used to be a case that in Paraguay you could get citizenship after just three years of holding residency but there wasn't a specified amount of time that one had to spend in the country, so many would just get residency in Paraguay and spend just a day a year there for three years, then apply and get citizenship; eventually they, of course, changed the laws to get rid of this loophole.
Another reason some get residency in a country they don't live in is that they want a Plan B. Many in the States (including myself) hold residencies in countries we don't live in so that if something happens in our country(like the pandemic or a war) and we want to go elsewhere we can due to our residency permit.
The last reason for having a residency without living in the country, which doesn't really apply to Nicaragua or most Latin American countries is access to local financial services. For example, Singapore is known for having some of the best banking and investment services in the world but in more recent years many financial institutions have said they only want those who are residents in the country to bank with them. So many ultra-high-net-worth individuals will get a residence permit in Singapore purely because they want access to banking, investment funds, stock market etc. in the country without actually living in the country.
These were many of the reasons I've seen it more advantageous to get a residency permit. Let me know if you agree or if there are other considerations I'm not taking into account.
My response is the topic of tomorrow's video!
Awesome comment!
As always very interesting video. Love the church in the background. Hey! “Chavalos” estan gravando! 🤣Thank you for sharing!
That church location (La Iglesia de Laborio) is very picturesque. I'll miss living right by it for filming. So handy for that.
Thanks for sharing valuable information about Nicaraguan residency Scott 👍
Great topic and glad you "rambled" near the end, as there were some good specifics that came up. I was just doing more research on the various residency options, so great timing! Will be there 'soon' for my first visit. Congrats on 2k!....that was pretty quick
I was just over 300 at the Corinto episode somewhere around March. So about 1,700 in nine months, I think.
Actually, the Nicaraguan pensionado visa only requires a documented income of $600 per month. It is a very low bar and most people on US Social Security receive that much or more.
The official writing of it every time I see it always specifies pensions or government income. They must overlook the requirement.
if SS goes over that amount then yeah that's a pension. but wasn't the amount raised to $1K?
@@ScottAlanMillerVlog It's possible. If so, I haven't heard about it. Still, $1k is a low bar. Average SS is $1500 per month, so I would think a majority of people would receive $1k.
No longer. It’s now $1000 US a month for new residents. People are grandfathered in if they got residency under the previous minimum.
Hey are you going to do a 2k special ?
Hmmm... what would a 2K special entail?
There is also the issue of having to remain in Nicaragua for half of every year in order to retain the residency.
I don't believe that that is a standard requirement. I believe that that only applies to the pensioner's residency, which has to be renewed annually, so makes sense that you need to have been actively resident during the renewal period. The good residency that people actually want doesn't require anything like that as far as I am aware.
@@ScottAlanMillerVlog I think it was the attorney Paul Tifer who indicated a requirement for half a year. I don't remember whether he specified a particular visa requiring the half year. But certain ones can let you come just a few days every couple of years??
@@dovygoodguy1296 I don't know how low you can go, but one has to ask... given that six months is how long you get to stay without a border run WITHOUT filing for residency, there's really no value to having residency if you aren't in the country more than that. I don't think that there is a hard number that you have to hit... but the question really shouldn't come up. Why would you want it under those conditions?
@@ScottAlanMillerVlog I see your point. I guess it revolves around the issue many of us are thinking about, meaning starting a Plan B as the US and Canada go down the drain.....we have to get through all the confusion.....
Thank you Scott !
Very welcome
Scott, how about healthcare. As a resident you qualify for public healthcare , I believe….how about as a tourist ?
Thank you, Sir !
Good point. And no, as a resident you are REQUIRED to buy private insurance (which is super affordable) whereas as a tourist, you do not need that. So as a resident you have healthcare access, but it isn't free.
@@ScottAlanMillerVlog how much is insurance?
@@ScottAlanMillerVlog
Oh wow. Ok. Any ballpark idea of what a 60 year old guy pays ? Thx Scott
I'm binge watching lol - I did the 90-day border run in Tanzania then after the one-year visa expired I did a 90-day at the end of 90 days I left for a month then they refused to let me re-enter the country. so, I moved on I've been in Africa 2 1/2 years and I'm ready to go so more of the world. the problem is the minimum income in most of these places is ridiculously high. I tutor English online, and I've had to increase my hours so that I might qualify for long term visa elsewhere. So, I'm happy to hear I can border run and see places I have never been .... thanks for the info. Q did you get you dogs there or bring them with you?
Woot! I love the binge watching!!
Oh man, I want to do Tanzania, that would be so cool.
Both of our dogs were rescues from Texas before we knew that we were moving. So we moved them down with us.
Do I need a visa to go Nicaragua am Nigeria living in Senegal dakar
Yes, but you are right by the embassy. So just stop in.
Funny thing: I am not interested in moving to Nicaragua because it's probably way too hot for my partner (former runner, gets heat stroke easily) but I LOVE your videos, Scott. I want to at least visit this amazing country now. Thanks for what you do. :D
It is, indeed, a little warm. jaja. Thanks so much, I really appreciate that. It is well worth a visit, find a cooler time and focus on the highland cities and it is not too bad at all. Here in Leon, there is no cool time, sadly.
I'm hoping to be touring a lot of cold Latin American countries coming up in a few months. Where exactly, that'll be a surprise. And with whom? Also a surprise. But I have some plans in the works.
I did spend some time filming in Guatemala back around June as well. Much cooler weather there with many of the same exciting aspects as Nicaragua.
We hate hot weather too, so we are moving to Matagalpa. !
On the way home, Lidia stopped in Managua at the embassy, before going to the airport. The goal was to get a list of everything I would need for a spousal residency visa, but they handed her a phone whereby some lady told her she would have to contact the government.
She asked her what that means and the lady just repeated the same thing.
She left very frustrated.
So I am just going on a tourist visa and will just figure it out in time.
I really just hoped to find out what I need and what needs to be apostilled so I can get it done prior to leaving but….,
@@bananapatch9118 at whose embassy? I can't think of any embassy that could assist with that. That's a question only Nicaragua can answer and Nicaragua doesn't have an embassy in Managua
@@bananapatch9118 the process is always to come in on a tourist visa, then work with an immigration lawyer to file whatever residency you have. no embassy or foreign government office will be involved and nothing would be done until you are in country on a tourist visa. that's a general requirement for application.
Hi Scott, I have been living in Granada for a long time but until now, I have been wary of applying for residency. The problem I have now is I just can't seem to find an honest, competent lawyer here. Would you be able to recommend an immigration attorney?
Sure thing. Send me a note on IG to @ziffedtraveler and i'll introduce you to a good immigration specialist.
I AM THINKING ON MOVING THERE IM THE BEGINNING OF THE NEW YEAR,WHAT U RECOMMENDED FOR ME TO RENT FIRST BEFORE CONSIDERING ON BUY?IM TRYING TO LEARN ABOUT THE MONEY..THAT I DONT NO..NEED YOUR HELP THANK U
Yes, definitely rent. Never buy in a new place until you have been there a significant amount of time. Imagine moving to Canada from far, far away with no idea what Canada is like. You might randomly move to Montreal but then realize you prefer Vancouver or PEI. From a distance you don't have the first guess where would be good to buy or that you even want to stay. Just come, rent, learn... don't make irreversible decisions. Do little, simple steps so that you can make your decisions well.
No one that wants you to do well will try to sell you a house or land or to get you to invest until you are established and really know what you are doing. Anyone that pushes you to buy or invest before you move here (and many after you do) is purely hoping to cheat you before you know how to recognize a fair deal or real value.
Hi Scott, can I buy small property or rental property and can apply residency through that investment? Do you know or recommendation for any immigration attorney? Thanks.
No, you cannot. Houses / property are not options for investment residency. You are free to buy either of those things, it won't hurt you. But it is not considered when applying for any form of residency.
I’m thinking of my claiming my Nicaraguan citizenship, since I am eligible, as my father is Nicaraguan.
Awesome, dual citizenship is stellar. The Nica passport is super weak, but doesn't overlap much with other passports so while weak and you'd unlikely want it to be your only passport, having it as a second one is a nice bonus.
Want to know why you are so busy? You make 28 minute videos that could have been 10 to 15 minutes at best. I love you...but as you said: I'm rambling...YUP
Lol. Exactly.
But you can register your car in the name of the business right? So someone without a business can't do that. Need to use a 3rd party.
That's correct. You need to establish a business (which is open to anyone) or hire a third party to register the car.
Definitely a lot maybe heat induced rambling and vids that should be 5-10mins get extended ad nauseum.
Heat induced rambling. That's my story and I'm sticking to it.
What a concentration free presentation and we wonder why the US goes down the drains.
Doing my best, thanks.