1 year
Initial Duration
$750
Monthly Income
$200
Application Fee
$700
Cost of Living/mo
Highlights
Cheapest in AmericasSurfingColonial cities
Requirements
Income Requirement$750/month
Health InsuranceNot Required
Proof of AccommodationNot Required
Background CheckRequired
Processing Time4-8 weeks
Duration & Renewal
Initial Duration1 year
Maximum Duration1 year
Renewal Options1 year, renewable
Benefits
Work Permissionremote only
Tax BenefitsNo tax on foreign income
Path to ResidencyYes
Path to CitizenshipYes
Family IncludedYes
Things to Consider
- Political instability
- Poor infrastructure
- Safety concerns
Best For
- Budget nomads
- Surfers
- Spanish learners
Lifestyle
Internet Quality2/5
Safety Rating3/5
Climatetropical
TimezoneUTC-6
Ready to Apply?
Visit the official government website for application details.
Official ApplicationLast updated: January 2026