Nicaragua Pensionado Visa — Residency Program
🏠 OVERVIEW
Country
🇳🇮 Nicaragua
Program
Pensionado Visa
Local Name
Visa de Pensionado
Type
Retirement
Status
Active
Initial Duration
60 months
Renewable
Yes
(60 mo)
Min Stay
180 days
per 12 months
The cheapest retirement visa in the Americas at just $600/month pension income. Five-year duration, renewable indefinitely. Tax-free import of household items and vehicles.
💰 FINANCIAL REQUIREMENTS
Income Requirement
$600/mo
Pension Requirement
$600/mo
Application Fee
$200
📋 ELIGIBILITY
Min Age
45+
Criminal Record Check
Required
Health Check
Required
Health Insurance
Not required
💼 WORK RIGHTS
Employment
Not allowed
Self-Employment
Not allowed
Own Business
Allowed
Work Permit Included
No
👨👩👧 FAMILY & DEPENDENTS
Dependents Allowed
Yes
Spouse Included
Yes
Max Child Age
18
Parents Allowed
No
Extra per Dependent
$150
💰 TAX DETAILS
Tax Regime
Exempt
Tax Rate
0.0%
Regime Name
Tax relief on imports and foreign income
Foreign Income Taxed
No
Capital Gains Taxed
No
🏆 PATH FORWARD
Permanent Residency
Yes
Years to PR
3 years
Dual Citizenship
Not allowed
Citizenship
Yes
Years to Citizenship
5 years
Language Required
Yes
🌍 BENEFITS & MOBILITY
Bank Account
Can open
Property Purchase
Allowed
Public Healthcare
Access granted
📝 HOW TO APPLY
Method
in person
Processing Time
90–180 days
Apply from Abroad
No
📝 NOTES
CRITICAL 2026 CHANGE: A constitutional amendment ratified January 2026 effectively abolishes dual citizenship — foreigners seeking Nicaraguan nationality must renounce their existing citizenship, and Nicaraguans who obtain another nationality lose theirs. Age 45 minimum may be waived for applicants with exceptional financial stability. Tax-free import list on household items, motor vehicles, construction materials. Must be in-country 6 months/year.