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Nicaraguan Guide for Investors and Businesses Just Released

Categories: Nicaragua
Comments: No Comments
Published on: 2012/11/10

 

The 2012-201 Guide to Doing Business In Nicaragua has been just released in cooperation with Amcham Nicaragua, Ministerio de Fomento, Industria y Comercio and ProNicaragua.

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The guide was published for investors and entrepreneurs in an informative bilingual format introducing the competitive advantages and investment opportunities in Nicaragua.  The country recognizes Foreign Direct Investment (FDI) is an ever increasing factor for developing countries and Nicaragua is welcoming its doors to the business world with many incentives.

So welcoming, that the FDI reached a record of $968 million dollars (US) in 2011, which represents a 91% increase from the $508 million (US) in 2010.  Nicaragua expects 2012 to surpass the 2011 number.  According to this report, the Nicaragua has enjoyed sustained economic growth due to “disciplined management of its fiscal, financial, monetary and exchange politics.”

 

The GDP in 2011 was $7.298 million (US) representing a growth of 4.7%  The top 5 sectors that made up this GDP is:

SECTOR                                                                            US$ Million       % of Total      
Agriculture, livestock, forestry and fishing                        1,283               18.8 %

Manufacturing industries                                                  1,194               17.9 %

Commerce, hotels and restaurants                                   926                12.9%

Central government services                                             720                11.0%

Home ownership                                                                501                 6.8%

Recognizing foreign investment is of great importance the country has enacted the Foreign Investment Protection Law (344).  This law was created to formulate a clear framework to attract investors, create jobs along with social and economic development.

Nicaragua has worked for 20 years to develop and promote the country as a tourist destination.  It is one of the fastest growing sectors in their economy and is about 3% of the GDP.

In 2011, the country hosted more than 1 million visitors (1,060,031).  These were first time visitors and is an increase of 5% from the previous year.  Hotels and resorts are the top 10 visited sites in the country.  Many developments are serving the “baby boomers” and retirees offering marinas, golfing, spas and many other activities and services.

In order to attract tourism industry businesses, the Tourism Industry Law (306) offers numerous incentives and has been viewed as the most “generous and competitive in the region.”

This guide offers a concise introduction for the business owner and investor.  It also offers a wealth of  information highlighting the quality of life the country offers.  It’s natural beauty, pleasant climate and welcoming people is hospitable for work and play.

 

 

 

source: http://www.pronicaragua.org/images/stories/guia_inversionista/DOING_BUSINESS2012.pdf



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