General Facts
Nicaragua has undergone tremendous changes. Some major
social, political and economical facts happened in the
past 15 years
in Nicaragua:
Three elections followed by orderly transfers of power
to opposition parties; Nicaragua is now a democratic
country, with presidential
elections held every 5 years.
- The Political Constitution of Nicaragua does not discriminate
against foreigners.
- Decentralization and privatization
of state firms.
- The Nicaraguan political system has demonstrated
a great capacity to reform.
- The centralization of state
power was replaced by elective democracy.
The President is elected for a five-year period,
which allows the implementation of long-term
policies
The army’s size reduced from
70,000 to 15.000;
Inflation was incredibly high at the end
of the
revolution period (1979-1990) and fell dramatically,
reaching
a level of to 6 to 7 % annual; high GDP growth
is high, GNP and
economic growth projections (as a percentage)
are the highest in Central
America;
Geographically, Nicaragua is located only
3 hours by air from Miami and Houston,
is in
the heart
of Central
America,
and
is situated between to 2 Oceans, the Pacific
and the Caribbean Sea. Border with Honduras
in the
north, and
in the south
with Costa Rica and fast-developing province
Guanacaste (international
airport in Liberia, Costa Rica, is located
only 50 minutes drive from Nicaragua).
Most land reform issues have been resolved
through the legal process and without conflict; Time has come for local and foreign investment
and many prestigious companies from North
America and
from Europe
opened operations
in Nicaragua, in different types of activities:
Tourism: Intercontinental, Holiday Inn,
Best Western, Barcelo, Budget, Hertz,
among others;Telecommunications: Bellsouth;
Food and beverages, supplies: Mac Donald’s,
Subway, TGI Fridays, Price Mart, Pepsi, Coca cola,
among many more…
Investors may repatriate 100% of their
profits and may repatriate their initial
investment
after three
years.
Tax collection is very low; it is almost
a non-issue in financial considerations.
Average labor like maids or construction
workers, cost approx. U.S. $ 0.50
per hour.
The Police Force is being trained
and modernized by international
aid programs;
Crime statistics
are down
in all major
felony categories;
The Pacific has 410 kilometers
of expanse; the Caribbean maritime
shelf
has 550
kilometers, being the richest
of Central America.
Nicaragua has some of the best
roads in Central America.
Communications, electricity,
and related infrastructure
are now
on hands of
private foreigner companies
and are very efficient.
Nicaragua has been known as
the Land of Lakes and Volcanoes.
This remains
true,
but now
it is also
the Land of Opportunities.
Any individual foreigner
may own property in Nicaragua
You may own property under
your name, a Nicaragua
Registered Corporation. |
