Company Formation in Nicaragua
Americas
Overview
Nicaragua holds a strategically important location between North and South America, which has historically made the country very attractive to investors. Currently, favorable conditions for investment inflow have been created here, leading to a 91% increase in foreign direct investment in 2011. Furthermore, in the 'Doing Business' 2012 report published by the World Bank, the country ranked first in the Central American region, considering indicators such as investor protection, contract enforcement, and business closure.
Our Process
Step 1: Document Preparation & Notarization
Prepare and notarize the company's Articles of Association and Bylaws.
Step 2: Company Registration
Pay the registration fee and register with the Companies Registry, submitting required accounting reports.
Step 3: Legal Representation Setup
Prepare a notarized Power of Attorney for legal representation and company management in Nicaragua.
Step 4: Tax & Municipal Registration
Apply for tax registration with the General Department of Taxes and Duties and register with the relevant municipal mayor's office.
Step 5: Operating Licenses & Social Security
Obtain an operating permit, and register with the Nicaraguan Social Security Institute and the Ministry of Labor and Inspection to finalize company setup.
Key Requirements
- Notarized Articles of Association and Bylaws
- Registration with Companies Registry
- Notarized Power of Attorney for legal representation
- Legal representative in the country
- Submission of accounting reports
- Tax registration
- Municipal registration
- Operating permit
- Social Security registration
- Labor Ministry registration