No, you do not need to be present at the closing if you have prepared a Power of Attorney. The Power of Attorney enables you to complete the purchase of your property without having to be in Nicaragua. The Power of Attorney can be given to your attorney or to any individual, living in Nicaragua, whom you would like to represent you.
Nicaragua is a signatory to the “Hague Convention Abolishing the Requirement for Legalization for Foreign Public Documents”, known as the Apostille Convention. This offers a relatively quick and easy process to legalize documents issued in countries that are members of the convention for use in Nicaragua. This means that buyers can issue a Power of Attorney in their home country and, assuming the country is a member of the Apostile Convention, the document can be legalized so that it can be used in Nicaragua.
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