Entrepreneur Residency Visa

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Nicaragua
About
Requirements
Cost of Living
Expats
Talent Migration

About

If you plan to do entrepreneurial activities in Nicaragua, You can apply for temporary residence on basis of Entrepreneur Residency Visa.

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DURATION

12 months

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CITIZENSHIP

60 Month(s)

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FEES

195

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P. RESIDENCY

N/A

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COMPLEXITY

Low

Eligibility Requirements for the Entrepreneur Residency Visa

7 Eligibility Requirements

  • You need a passport valid for at least 6 months.
  • You need a Deed of Constitution and Statutes of the Company or Association, Foundation, Federation, Confederation and Cooperatives.
  • You must declare sources of income.
  • You need to Legally Represent the Company.
  • You need proof of Taxpayer Registry.
  • You should be of good character.
  • You should be in good health.

Document Requirements for the Entrepreneur Residency Visa

17 Document Required

  • Application Form.
  • Residence application letter, addressed to the General Directorate of Migration and Immigration.
  • Original in good condition and photocopy of the passport (validity no less than 6 months).
  • 2 passport size photographs (4½ high by 3 ½ wide), white background, without glasses, hat, cap, ears and open front.
  • Birth or Naturalization Certificate, issued by the competent authority of your country of origin, duly apostilled or authenticated as the case may be.
  • Criminal Record Certificate, issued by the competent authority of the country of origin or residence of the last three years, apostilled or duly authenticated by the Consulate of Nicaragua, the Ministry of Foreign Affairs of its country of origin, and by the Ministry of Foreign Affairs in Nicaragua.
  • Health certificate, issued by the competent authority of your country of origin or previous residence, apostilled or authenticated, or of the Nicaraguan health authorities.
  • Photocopy of the Deed of Constitution and Statutes of the Company or Association, Foundation, Federation, Confederation and Cooperatives, that specifically express the activity or service they perform, duly registered in the corresponding Registry, as it is, certified before a Notary Public.
  • General Power of Administration (certified copy by notary).
  • Proof of registration before the MIGOB.
  • Notarial declaration of sources of income.
  • Certificate or residence of the Legal Representative of the Company (copy).
  • Photocopy of Commercial Registration of the Municipal Mayor's Office (copy).
  • Electronic Solvency of the General Directorate of Revenue (copy).
  • Sole Taxpayer Registry (RUC) in force (copy).
  • Present two proformas of the value of the return ticket to their country of proven origin or residence, of two different airlines, which will be deposited in the General Directorate of Immigration and Immigration.
  • Exceptionally, additional documentation may be requested. (Article 63, numeral 7 of the Regulation to Law 761, General Migration and Aliens Act).

Talent Migration data for Nicaragua

Talent gain & drain map of 2015-2019 data. Sourced from World Bank Digital Development Data.

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