Naturalisation and citizenship in Nicaragua

So this is only based on my research on the info that's already out there as I am not at the point where I am going through this process. However, I like to be prepared and armed with info so I'm not flying blind.

First step would obviously be to acquire permanent residency. In my particular case I will be able to obtain citizenship through marriage and having Nicaraguan kids with 2 years perm residency according to the Nicaraguan Constitution

Ley de Nacionalidad states about naturalization the following:

Ley 149,
Article 7
1. Must agree to renounce other citizenships.
   To my understanding that means when in Nicaragua, you are a Nicaraguan and are subject to Nica law. Just as we require others to renounce any prior "allegiance" to other countries during the our naturalization ceremonies. Same in Nicaragua. You can loose it only if you go to the US embassy via a formal procedure to surrender your passport as some countries require. You can also re-acquire it in some cases if it's "lost" supposedly.
2. Have 4 years continuous permanent residence in which you have:
   a.  Honest means of living
   b. Demonstrate good moral conduct and aren't on the wrong side of the law
   c. Sufficient knowledge of Spanish language, geography, history, & social and political organization

Article 8: Can get citizenship with 2 years permanent residency based on the following:
   a. from Spain or nations that adopt the principle of reciprocity
   b. Based of marriage to a Nicaraguan. "The above requirement will not be required when the national law of the foreign spouse loses his nationality because of marriage"

Article 9: Can get citizenship with 2 years permanent residency and renounce other nationality based on the following:
  Those foreigners who have established an industry or exercise an activity that contributes to the economic, social, and cultural development of the country

Article 10.- If your parents have naturalized, it can extend to your kids once they reach the age of when they can choose to maintain their Nica citizenship which I believe is 18, when they would get a cedula and be considered an adult.

Eventually you will have to take a test to demonstrate your knowledge of the language and the country, just like you would have to if you naturalize in the US. They might come and visit your neighbors to see what kind of person you are.

For our particular case the advantage would be primarily the ease of travel between the US and Nicaragua for visiting family. My husband would be able to go with me and not have to petition for a tourist visa (since he will be a naturalized US citizen) and I will not have to leave the country every 90 days to reset a tourist visa.
There is an advantage of legally being able to purchase a vehicle and land, or have a paying job as it is illegal to do so according to the law. Just as tourists in the US can't get paying jobs since they are "taking jobs away from US citizens", they don't want tourists to take jobs from Nicaraguans.

Going through the process may prove entirely different as you can see from some of the comments. As always it's best to get help from a lawyer. I hope this info points you in the right direction.

Got this info straight from the Constitution:
http://legislacion.asamblea.gob.ni/Norm … enDocument

Here's the most recent copy from 2014
http://www.asamblea.gob.ni/constitucion … tucion.pdf