A quick HEADS UP! One of the most affordable residencies in the world, and one of the easiest to obtain through the "Teak for Residency" programs in either Panama or Nicaragua. Their federal programs also encourage outside investments and qualified investors are offered the opportunity to receive a second residency in their investment country. This residency also offers a second back up plan, and a third tropical vacation option.
Another residency option in Nicaragua is to purchase real estate under the countries investor program. If Nicaraguan real estate is purchased for as little as $35,000 USD: one can immediately apply for residency.
A residency in Panama or Nicaragua is a lot less than you might think. Even if 
you’re not yet ready to relocate but understand the importance of having options. Do your homework!