What is the easiest country in Latin America to obtain its citizenship?
What is the easiest country in Latin America to obtain its citizenship?
1.Chile
Best options for residency:
Retirement/Income visa - Proof of monthly recurring income ( suggested that you're able to show more than $1000 USD/month).
If you can prove a recurring income of four-figures or more, you can become a temporary resident of Chile.The nation is genuinely adaptable on the source of that income, as well as the required amount (hint: if you want to live in rural Chile, they may accept a lower income figure).
Chile, It's one of the more developed and safer countries in Latin America. Also, it's a great place to start a business
2.Paraguay
Best options for residency:
Permanent Residency Permit - Deposit $5000 in a Paraguayan bank.
Paraguay has - by far - the easiest residency solution in Latin America. Simply deposit $5000 in a Paraguayan bank, fill out some papers, submit some documents, do a health check, visit the country at least once every three years to keep your status as a resident...and that's about it!
Although it's the easiest residency program I've come across. The country is landlocked, not very developed and not very accessible. Which means it isn't the first choice for many perspective expats. That said, it's one of the fastest-growing economies in Latin America. This may be a good time to make some inroads in the country.
3.Mexico
Proving a monthly income of about $1200 , or savings/investments of about $22,000 will make you eligible for temporary residency.
4.Nicaragua
Proving a monthly (non-salary) income of at least $750 a month will qualify you for temporary residency.
5.Argentina
Proving a monthly income of $2000 a month (to be deposited in an Argentine bank) will qualify you for temporary residency.
The above options are mainly investor visas. Generally, that's the easiest route to obtaining residency in Latin America.
Indeed, on the off chance that you have enough money to invest you can basically get residency in any Latin American nation based on your personal preference.
Money talks, as it's been said.
But, if you're not flush with cash and/or you don't have a guaranteed, location independent income source that you can report, what can you do to gain residency in LATAM?
Well, there's consistently options my friend.
The way things generally work down here is that you must have your temporary residency for a certain amount of time (around 3 years or so) before you can apply for permanent residency. Once you have your permanent residency, you'll ultimately have the same rights as a citizen of that country.
So, if you don't meet the investment requirements for temporary residency or, for whatever reason, you don't want to go that route, another option would be to get hired by a local company. If it's a big enough organization, it should have no trouble sponsoring a work visa for you. After a few years on a work visa, you'll be eligible to apply for permanent residency in most Latin American countries.
If you can't get hired, another option could be to take classes at a university or an accredited Spanish language school. Again, do that for a few years and you'll be eligible for permanent residency in most LATAM nations!
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