PRONicaragua is Nicaragua’s official investment promotion agency. Its mission is to generate economic growth and create new jobs by promoting high - quality investments. It offers complimentary support services to qualified investors interested in exploring business opportunities in Nicaragua.
Nicaragua has been positioning itself as one of the most attractive investment platforms in Latin America due to multiple competitive advantages that include: the highest levels of citizen safety in the region, a pro - investment government and legal framework, prefe rential access to key export markets and a young and dynamic labor force with short learning curves, among others.
The Government of Nicaragua recognizes the positive econo mic and social impact of private investment in the country. Proof of this is the existence of PRONicaragua, the official investment promotion agency. The Agency's main goal is to provide support and assessment to private investors and guarantee the success ful establishment of quality projects.
The main legislation that governs foreign investment is the Foreign Investment Promotion Law (344) and its bylaws. This law provides equal treatment for foreign and domestic investment; eliminates restrictions on the way in which foreign capital can enter the country and recognizes the foreign investor's right to own and use property without limitation (and in the case of a declaration of eminent domain, to receive proper indemnification).
Additionally, the Mediation and Arbitration Law (540) governs two alternate methods to the judicial process to expeditiously solve any dispute resulting from contractual relations between private parties.
The Government of Nicaragua offers a series of investment incentives in priority sectors of the economy, such as:
Agribusiness & Forestry
Export-oriented activities such as Light Manufacturing Operations and Outsourcing Services
Renewable Energy Generation
In total, Nicaragua has preferential access to a worldwide market of over 1.5 billion people. It has free trade agreements with the United States, Mexico, Panama, Taiwan, Dominican Republic, Chile, the European Union, and South Korea. Furthermore, the country enjoys preferential access agreements to key markets in Central America, the Caribbean, and South America.
The Minimum Wage Law (Law 625) states that minimum wage is fixed every six months according to the details of each job and industry. This fixation may be per unit of time, work, or task, and can be calculated per hour, day, and week, per fourteen days, fortnight or month. For this, Nicaragua established an inter - institutional Minimum Wage Commission.
The process of registering a company in Nicaragua can be fast - tracked by using the services provided by the Investment One - Stop Shop (VUI, for its acronym in Spanish). The office, which gathers the main government institutions involved in the process, provides top - quality services free of charge for investors, reducing the registrat ion time to an average of one week.
Get in touch
Nicaragua’s Investment Promotion Agency stands ready to help you and your business. Reach out to us for information on how we can facilitate your investment journey.