15.05.03 Special
offer For Asian, Middle East and
other applicants with poor visa-free travel
opportunity wishing to live and
work in Europe: easy immigration and relocation in
Switzerland. more
24.03.04 Special
offer For citizens with poor visa-free travel opportunity
wishing to reside in European Union. more
Nicaragua Through
History. Economy
Overview.
THROUGHOUT ITS HISTORY, Nicaragua
has suffered from political instability, civil war,
poverty, foreign intervention, and natural disasters.
Governments since colonial times have been unable to
bring stability and sustainable economic growth.
Personal and foreign special interests have generally
prevailed over the national interests, and foreign
intervention in Nicaraguan political and economic
affairs, especially by the United States, has resulted
in various forms of populist and nationalist reactions.
The legacy of the past can be seen today in the
attitudes toward foreign influence. Although the upper
and middle classes tend to emulate North American
life-styles and be supportive of United States policies,
the Nicaraguan poor are highly suspicious of the culture
and political intentions of the United States.
Since precolonial
times, Nicaragua's fertile Pacific coast has attracted settlers, thus
concentrating most of the population in the western
part of the country. The Caribbean coast,
because of its proximity to the West Indies,
historically has been the site of foreign
intervention and non- Hispanic immigration from black and indigenous groups
from the Caribbean and from British
settlers and pirates.
During most of the twentieth century,
Nicaragua has suffered under
dictatorial regimes. From the
mid- 1930s until 1979, the Somoza family
controlled the government, the
military, and an ever expanding
sector of the Nicaraguan economy.
On July 19, 1979, Somoza rule
came to an end after the triumph of
an insurrection movement led by the
Sandinista National Liberation Front
(Frente Sandinista de Liberacion
Nacional--FSLN). However, the
predominance of the FSLN led to the
development of a different kind of
authoritarian regime that lasted for
more than a decade. During the
1980s, Nicaragua was the center of
Cold War confrontation in the
Western Hemisphere, with
the former Soviet Union and Cuba
providing assistance to the
Sandinista government, and the
United States supporting
anti- government forces.
A regional peace initiative brought an end to civil
war in the late 1980s. The Sandinistas lost in the 1990
elections, and a new government headed by President
Violeta Barrios de Chamorro was installed in April
1990.
Economy.
Nicaragua, one of the
hemisphere's poorest countries, faces low
per capita income, flagging
socio- economic indicators, and huge
external debt. Distribution of income
is one of the most unequal on the
globe. While the country has made
progress toward macroeconomic
stability over the past few years, a
banking crisis and scandal has
shaken the economy. Nicaragua will
continue to be dependent on
international aid and debt relief under
the Heavily Indebted Poor Countries
(HIPC) initiative. Donors have made
aid conditional on the openness of
government financial operation,
poverty alleviation, and human rights.
Nicaragua met the conditions for
additional debt service relief in
December 2000. Growth should
move up moderately in 2003
because of increased private
investment and exports.
Nicaragua Immigration
and
Naturalization.Background and Legal
Considerations.
Citizenship
opportunities. Nicaragua is
very popular for applying for second citizenship, as
Nicaraguan passport, as well as all other Caribbean
countries, enables visa-free travel to 115+ countries,
including all EU member states, Asia, Africa, South
America (Canada and USA are easy visa for Nicaraguan
passport holder).
Nicaragua citizenship
by naturalization requires minimum
contribution for a sole applicant –
US$40,000. There is also a minimum
contribution for additional member of the
family – US$15,000. Nicaraguan citizenship
is granted within 20 days after meeting with
the basic or additional (if applicable)
requirements, providing the necessary
applications, supporting documents
(passport/travel document copy, health
insurance, medical certificate, police
clearance, photograph
measuring 3.5 cm x 5.0 cm )
and funds. Documents issued by the immigration
authorities: Naturalization Certificate, citizenship passport,
local ID (cedula). Drivers license can be
exchanged for US$15.
Immigration
opportunities.
Basic
immigration and permanent residence in Nicaragua is
availale through Retirement
program:
Rentista
(Retirement) Program Certificate of Income from home
country. Required monthly $500 for single or $600 for
married couple.
Certificate of Matrimony -
needs to be "authenticated" by your provincial or state
authorities — this means a letter confirming that it is
authentic from the provincial or state registration
office. This letter then needs " authentication" by the
Nicaraguan Consulate in your country, or this can be
handled by the lawyer that you use in
Nicaragua.
Health Certificate from your family doctor. This needs to
be Notarized by a Notary Public. It must be
accompanied by a letter "authenticating" your Doctor from your provincial or
state Medical Board.
Good Conduct Letter from
your local Police Chief’s office. This letter must be
accompanied by an " authentication " letter from your
provincial or state Attorney General’s office that
states that your local police force is a registered and
bonafied Law Enforcement agency.
A letter from
the R.C.M.P is fine (from Canada and similar), however,
it is easier to get a back-up letter from your
Provincial Attorney General’s office than from the
Federal Office, therefore, a "good conduct" letter from
your City Police force is advised.
All of the following
documents should be acquired at home before
you make your final move to Nicaragua (it is
a lot easier to do it at home than from
Nicaragua):
1. Health
Certificate (Certificado de Salud) from a local doctor
in the area to which you are moving to in
Nicaragua. 2. Police Certificate (Certificado de
Policia) from the local police force in the area to
which you are moving. 3. 6 Photocopies of your
Passport. 4. 6 Photocopies of your Birth
Certificate. 5. Sworn Certificate of Intent - Your
lawyer will write this document in which you request
from the Nicaraguan Government their acceptance of your
application to become a Resident.All documents must be
translated into Spanish. Your lawyer can organize that
for you.