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Carlos Roman Gutierrez Solis of Casa Granada Properties – Best Places In The World To Retire User Account
As a foreigner, you can open a business in Nicaragua but you are going to need a Nicaraguan or a citizen as a partner. You do not need to be full time to open a business in Nicaragua. A lawyer can help you start a corporation and register that corporation in your name. Then you can own that business entity with a partner who is Nicaraguan or is a citizen. Then you can start paying taxes and get invoices, too.
Gabriel Sánchez of PRONicaragua – Best Places In The World To Retire User Account
Nicaragua has no restriction on foreigners who want to buy or set up businesses here. There are no restrictions even for owning properties. Nicaragua is all "open arms" to foreigners who want to do business in the country. Laws and rights apply to foreign businessmen as they do with local businessmen. It does not matter if you are a foreigner or a local. The same legislation applies to all.
 
A foreigner can be the sole owner of a company but registering a business requires the business owner to have a local representative, so you either have to have residency in Nicaragua or partner with a local person who could be the legal representative of the company in Nicaragua. The representative should be in the country of Nicaragua legally as a a legal resident or a citizen of Nicaragua. However, that representative does not have to an owner of the company. A representative generally is an attorney but he does not necessarily have to be a lawyer; he just needs to be a person associated with the company.

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