Frequently Asked Questions
Yes! Unlike other countries, Nicaraguan law makes no distinction between its citizens and foreigners with regard to owning property of any kind. It doesn’t matter what country you are from, if you have a valid passport, you can purchase land just like any “Nica.”.
As an foreigner buying property in Nicaragua, there are advantages to setting up either a Sociedad Anonima (S.A.), or a Compania Limitada (CiaTlda) which are equivalent to an S-Corp or LLC, respectively. The most commonly used entity is the S.Ao.
Full Power of Attorney: This POA allows buying and selling any goods, accepting mortgages on properties, acquiring debts, giving any good as warranty, and signing checks.It is a Power of Attorney in which the agento.