The government of Nicaragua is very interested in encouraging investment in Nicaragua and has a foreign investment law to assist and protect any investor who wants to invest in Nicaragua or start a business in Nicaragua.
The important thing to know when doing business in Nicaragua is that you need to get good local advice. This is especially true in regard to issues regarding property. The reason is that during the years of the revolution, some property was confiscated and then was later returned to the owner, and title became confused. Now, when people come to Nicaragua and want to do business, it is important that they get the advice of a recognized legal advisor who can do all the due diligence regarding the properties they want to buy in order to warranty that the property has no legal problems and clear title.
In all matters regarding doing business in Nicaragua, you should go through good and recognized channels. For example, you should get in contact with the appropriate business organization, because business organizations can accompany deals and warranty that things are done properly. Examples of business organizations that may be appropriate for a type of business are the Chamber of Commerce, the Chamber of Industry, the Chamber of Construction, etc., all depending on the field in which the investor wants to do business. These organizations are important allies in order to warranty an investment in the country. The reason is that these organizations have good communication and permanent dialogue with the government of Nicaragua and are set up to facilitate all issues regarding businesses and investments into the country.
And also, there is an agency here called PRONicaragua that promotes investment in Nicaragua. The Board of PRONicaragua is comprised of members from both the public and private sector. PRONicaragua assists investors in facilitating their investments into Nicaragua. It is important that potential investors or business owners use the correct channels to get things done easily.