The first step to forming a corporation in Nicaragua is to form a “Sociedad Anónima” (S.A.): a judicial person or a legal entity, created under the authority of the law and capable of rights and obligations.
Costs and Expenditures for Legalizing an Enterprise in Nicaragua
1) Notary fees (approx) ................................................$650
2) Registry fees and taxes registration of social contract............$500
3) Registration of books and records ............................$100
4) Registration of commercial license .............................$20
5) Registry of Contributors (RUC) ..................................$1
6) Registration with local municipality ..........$1,000 (varies)
7) Other taxes (based on % of capital stock).....$540 (varies)
8) Total costs and expenditures ..................................$2,811
(based on social capital of $100,000)
*Courtesy of AmCham Nicaragua
Despite improvements in recent years, establishing a business in Nicaragua can be a tedious process, requiring at least 6 different permissions.
Steps/Costs to Establishing a Bar, Pool Hall, Nightclub:
1) Registry of Contributors (less than $1)
2) Municipal solvency (about $1)
3) Permission from National Police ($15)
4) Permission from Fire Department ($3)
5) Record from municipal office of environment and urbanization (at least $30) 6) Installation of basic services (variable) 7) Lawyer’s fee (variable)
Steps / Costs to Establishing an Export Business:
The following paperwork must be presented to an Export Processing Center (Cetrex).
1) photocopy of Registry of Contributors (RUC) (less than $1)
2) Record of Contributors, from Tax Office (DGI) (no cost)
3) Registry of signatures
4) Identification of exporter and representatives
5) Notarization document for Customs (variable cost)
6) Inscription fee (between $2,000- $25,000)
7) Lawyer’s fee (variable)
Steps/Costs Lodging, Cafeterias, Restaurants:
1) License from Nicaraguan Tourism Institute (INTUR) ($6)
2) Inscription of business (variable)
3) Inscription of property (variable)
4) Registry of Contributors (RUC)
5) Health Ministry Sanitation license (between $6-$1,800)
6) Municipal guarantee
7) Lawyer’s fee (variable) |
