For nearly any product you can think of, there is a market in Nicaragua. Today, as thousands of Nicaraguans who fled the Sandinistas during the revolution return to their native country, they bring with them sophisticated tastes and an appetite for the kinds of goods and services they grew accustomed to while in exile in the United States and in Canada. Their return has proved to be an incredibly stabilizing force in this country–both economically and politically. After all, these were the attorneys, the doctors, the better educated in the society who fled.
And now they understand how a free-market economy works. They understand democracy. They speak English. And, perhaps most critically, they form a true middle class with expendable income to buy the goods and services to which they’d become accustomed in North America. That spells opportunity for you.
Nicaragua has one of the fastest real GDP growth rates in Central America. The country has complied (unlike many other nations) with prescribed IMF demands for cutting its deficit, implementing structural reforms, and maintaining overall monetary stability.
Nicaragua is set to benefit from rapid and sustained economic growth in the years to come, growth it has encouraged with the passage of several laws specifically designed to attract and protect foreign investors. According to the Economic and Commercial Section at the U.S. Embassy in Nicaragua, “The in-flow of foreign direct investment has almost doubled [for the most recently-available figures]–from US$97 million in 1996 to US$184 in 1998.” About one-third of that investment comes from the United States…investment primarily in agriculture, construction, services, industry, mining, energy, tourism, and aquaculture.
Investing in Nicaragua Involves Very Few Restrictions
In the last decade, Nicaragua has privatized nearly all its old state-owned monopolies, save for the public utilities, and has thus dramatically reduced the amount of government red tape investors have to contend with when they do business here. In addition, it has opened up all sorts of new markets.
A foreign investment law ensures you can repatriate 100% of your profits and, after three years, the initial investment as well. (Even if you don’t “register” your investment, banks will freely repatriate profits.)
You’ll find no legal grounds for discrimination against you when you invest. The law allows for 100% foreign ownership in every economic sector. And there are no restrictive visa or work permit requirements to inhibit investment.
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