It is not necessary for you to be in Nicaragua on the day of closing of your real estate transaction. If you don’t expect to be in Nicaragua on the day of closing, you will need to make sure that a valid Power of Attorney (POA) is in place which allows your representative to sign on your behalf. A POA must be notarized by a licensed Nicaraguan lawyer. This process only takes a few hours and requires the passports from both you and your representative. Your representative can be a foreigner or Nicaraguan national. He or she can be anyone you trust to sign on your behalf. Your representative needs to 1) be present for the closing, 2) have the original POA with them at the time of closing, and 3) have a valid passport with them at the time of closing.

It is possible, although slightly difficult and more expensive, to have a Nicaraguan POA drafted for your signature in the US or Canada.