Doing Business in Latin America and the Caribbean: Nicaragua

Nicaragua is the largest republic in Central America with the lowest population density. The country is bordered on the north by Honduras and on the south by Costa Rica. Its western coastline is on the Pacific Ocean, while the east side of the country is on the Caribbean Sea.

Nicaragua occupies a landmass of 129,494 square kilometers. Its population is 5.7 million.

Managua is the capital of the country. Spanish is the official language, although diverse dialects are spoken in the Atlantic Coast.

Nicaragua is a democratic, participative and representative Republic. Its state organs are: legislative branch, executive branch, judicial branch and electoral branch.

The national territory is divided for its administration, into 15 departments, two autonomous regions in the Atlantic Coast and 153 municipalities.

According to the Nicaraguan Central Bank, the GNP in 2011 was USD7.298 billion. Nicaragua’s main exports are coffee, meat, shellfish, sugar, tobacco, cattle and gold. Important development in the tourism and free trade zone industry has recently occurred.

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Topics:  International Labor Laws, International Tax Issues

Published In: Business Organization Updates, General Business Updates, Finance & Banking Updates, International Trade Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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