top of page

The country is under sanctions by the United Nation’s Security Council and/or the UK Government. Currently B2B Hub is not providing legal and financial services for the present country.

Nicaragua

Legal form:

Sorry, I don't understand your question.

Delivery:

2 weeks

Price: $

2000

Payment methods:

payment methods.webp

Requirements:

Document checklist:

Local legal address (Handled by B2B Hub) 

1.Passport
2.Proof of Residence 

Registrar

Organization name

Abbreviation

Country

Nicaragua

Email

Phone

Listing
Open website
UK comapny formation (1).webp

About

Nicaragua

Capital
Official languages
Population 
Currency

ISO 4217

Managua

Spanish

6.5 million

Cordoba

NIO

FAQ

Q: What is the process for company formation in Nicaragua?

A: The process for company formation in Nicaragua involves obtaining necessary licenses and permits, registering the company with the Mercantile Registry, obtaining a tax identification number, and registering for social security contributions.


Q: What are the requirements for company formation in Nicaragua?

A: The requirements for company formation in Nicaragua include a minimum of two shareholders and one director, a registered office address in Nicaragua, and a minimum share capital of NIO 2,000 for a limited liability company.


Q: What types of companies can be formed in Nicaragua?

A: Companies that can be formed in Nicaragua include limited liability companies, corporations, and partnerships.


Q: How long does it take to form a company in Nicaragua?

A: The time it takes to form a company in Nicaragua varies and can take up to several weeks, depending on the complexity of the registration process.


Q: What are the tax implications for companies in Nicaragua?

A: Companies in Nicaragua are subject to a corporate income tax rate of 30%.


Q: What is the legal system in Nicaragua?

A: The legal system in Nicaragua is based on civil law.


Q: What is the currency used in Nicaragua?

A: The currency used in Nicaragua is the Nicaraguan córdoba (NIO).


Q: Can foreign nationals own a company in Nicaragua?

A: Yes, foreign nationals can own a company in Nicaragua.


Q: Are there any specific regulations for foreign-owned companies in Nicaragua?

A: Foreign-owned companies in Nicaragua must comply with certain foreign investment regulations.


Q: What are the benefits of forming a company in Nicaragua?

A: Some of the benefits of forming a company in Nicaragua include a strategic location between North and South America, a young and growing workforce, and a relatively low cost of living. Additionally, Nicaragua has recently implemented economic reforms to attract foreign investment, making it an attractive location for businesses.

Economy

Nicaragua's economy has been steadily improving over the past few years. According to the World Bank, the country's GDP grew by 4.2% in 2019, and is projected to grow by 4.3% in 2020. This growth is largely driven by the country's strong agricultural sector, which accounts for nearly 20% of the country's GDP. Additionally, the tourism sector has been growing rapidly, with the number of international visitors increasing by 8.5% in 2019. This growth has been supported by the government's efforts to improve infrastructure and promote investment in the sector. The country also has a strong manufacturing sector, which accounts for around 15% of the GDP. The government has been working to attract foreign investment in this sector, and has seen some success in recent years. Overall, Nicaragua's economy is showing signs of improvement, and the country is well-positioned to continue its growth in the coming years.

Taxation

In Nicaragua, both individuals and businesses are subject to taxation. 


For individuals, income tax is imposed on a progressive scale ranging from 0% to 30%, depending on the level of income. Individuals are also subject to social security contributions, which are withheld by the employer.


As for businesses, the corporate income tax rate is a flat 30% of net profits. Additionally, there are other taxes such as the value-added tax (VAT), which is levied on most goods and services at a standard rate of 15%. There are also other taxes, such as the tax on assets, the tax on gross income, and the tax on large financial transactions.


Taxpayers are required to file their tax returns by March 31st of the following year, and tax payments are due by April 30th. The tax year in Nicaragua runs from January 1st to December 31st. Taxpayers are also required to make advance tax payments on a quarterly basis throughout the year.

Company incorporation application form

Representative

Chosen company name

Main business activity

Legal address of director

Extra services

Submit ✉

Your inquiry has been submitted. Thank You!

We will contact you shortly…

PDF application form

B2B hub provides fillable PDF application forms, you can simply save the filled form and send us by email clicking here  reg@b2bhub.uk or live chat

bottom of page