If I want to live in Nicaragua, what's the difference between citizenship and residency?

The difference between residency and citizenship is about the same is every country. One establishes where you live semi-permanently or permanently (residency) and the other establishes where your home country is located (citizenship).

 

For example, I am still a U.S. citizen, but I have applied for residency in Nicaragua because I live here most of the time, and I want to conduct business here carefree. Usually, people will only change their citizenship for political...

The difference between residency and citizenship is about the same is every country. One establishes where you live semi-permanently or permanently (residency) and the other establishes where your home country is located (citizenship).

 

For example, I am still a U.S. citizen, but I have applied for residency in Nicaragua because I live here most of the time, and I want to conduct business here carefree. Usually, people will only change their citizenship for political reasons such as exile or refugee. However, its highly recommended to invest in a cedula (residency card) if you want to live in Nicaragua most of the time. It will cost about $800 for the attorney fees. 

The difference between citizenship and residency is the rights that you have. If you are a citizen of Nicaragua, then you have additional rights as compared to someone who is just a resident. For example, as a citizen of Nicaragua, you are able to vote.

The difference between citizenship and residency is the rights that you have. If you are a citizen of Nicaragua, then you have additional rights as compared to someone who is just a resident. For example, as a citizen of Nicaragua, you are able to vote.