Hi,
I had read that we are now allowed to get residency in Nicaragua with the purchase of a CD (Certificate of Deposit, or Certificados Deposito). Do you know what are the conditions (amount, terms, etc) ?
thanks
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Residency through Savings in Nicaragua.
A new option to obtain residency in now available.
According the law 691 – Immigration law of Nicaragua – foreigners can apply and obtain residency as Foreign Investor.
To be consider a Foreign Investor it is mandatory to run a business in Nicaragua and invest in the country thirty thousand dollars as a minimum. I explained these topic here: https://www.facebook.com/permalink.php? … 6198561406
The law also states the possibility to obtain the approval from Ministry of Development, Industry and Commerce (MIFIC) to anybody who invest money in Nicaragua through Certificate of Deposit in any Nicaraguan Bank; which will produce an interest rate.
This is an extraordinary way to apply and obtain residency using savings as support. Recently I was informed (May, 2016) Immigration granted a residency to someone who applied using this path. This is the first time ever, somebody apply using a bank certificate of deposit.
