- New member
- From: NYC
- Registered: 2012-01-28
- Posts: 6
Starting a business in Nicaragua
There are several opportunities for entrepreneurs to make a living in Nicaragua. The market is pretty wide open in the sense that there are not 20 pizza places that deliver, not 12 Starbucks per town. The opportunity to run a small or large successful business there is a real possibility. I just got back from a trip to León and I looked at all kinds of possibilities there. Hotel,restaurant, and hostels are very popular there. You can slide into a small business like this there with non real problem. You must select the area In which you plan on doing business. The street selection is very important. Hire a local to explain the importance of street location. If you are even thinking about it and want to know more about local laws or where to learn Spanish check out my blog or shoot me message.
- Paul Tiffer
- From: Managua
- Registered: 2011-07-07
- Posts: 15
Re: Starting a business in Nicaragua
A Corporation must be Incorporated.
Any foreign who want to start a business in Nicaragua must Incorporate a Corporation or a Sociedad Anónima - which could be consider as an equivalent of a LLC or Limited Liability Corporation- to get the RUC or tax's department ID; which is imperative to run a business. If the investment is over $ 30,000.00 the business partners of the Corporation will be able to qualify for residency as Investors. Managua has the most "foreign friendly registry" to do the registration of the corporation and according the law could be incorporate in any place of Nicaragua. for further information just contact me.