WHY INVEST IN NICARAGUA Favorable Investment Climate The main legislation that governs foreign investment consists of Law 344 Foreign Investment Promotion Law which provides: a) equal treatment of foreign and domestic investment; b) eliminates restrictions on the way in which foreign capital can enter the country, and c) recognizes the foreign investors right to own and use property without limitation, and in the case of a declaration of eminent domain, to receive proper indemnification. The law makes no distinction between acquisition, merger, takeover, or green-field investment. There are no restrictions in Nicaragua on converting or transferring funds associated with investments. Many transactions are freely and fully conducted in U.S. dollars. Remittances of investment capital, earnings, loan repayments and lease repayments are freely allowed through the private foreign exchange market operated by local financial institutions. The Law also contemplates: Total currency conversion Freedom to repatriate all capital and profits There is no pre-established minimum or maximum investing amount 100% international ownership permitted; there is no discrimination against foreign investors, whether it is on total ownership of the company or as shareholders. Prompt and fast depreciation of capital goods. National loans are accessible through local banks, according to their terms of approval. Property protection and security. The Nicaraguan law recognizes and guarantees the legal rights of national or international investors, property rights and the right to dispose freely of the goods, capital and the profits of the company (everything as established under the law). Equal treatment for foreign and local investors Call Albert for a sweet deal...505-8565-7144 / 8837-8475
Posted on: Sun, 03 Aug 2014 21:12:05 +0000