Nicaragua Culture, Economy, and Politics
Nicaragua is a Central American nation with a multi-ethnic population of 6 million, speaking primarily Spanish, as well as indigenous languages. It is also home to the second-largest rainforest in the Americas. The biodiversity is reflected in its warm tropical climate and active volcanoes, making it an increasingly popular tourism destination. Protecting the environment is a strong focus of its government which recently made news by being one of the few nations not to sign the Paris Climate Accord because it was not strict enough (although it eventually became a signatory in 2017).
Nicaragua has been struggling to overcome the aftermath effects of autocracy, natural calamities, and political war, which has left the nation as one of the poorest in the Western hemisphere. The nation also has a high rate of poverty and underemployment. Agriculture and textile account for Nicaragua’s 50% of exports while coffee, gold, and beef are the country’s most export products.
|April 1||Maundy Thursday|
|April 2||Good Friday|
|May 1||Labor Day / May Day|
|July 19||The Sandinista Revolution Day|
|September 14||Battle of San Jacinto|
|September 15||Independence Day|
|December 8||Feast of the Immaculate Conception|
|December 25||Christmas Day|
- S.A.: Sociedad Anónima
- Cia.: Sociedad en Nombre Colectivo
- Cia. Ltda.: Sociedad en Nombre Colectivo de Responsabilidad Limitada
- S.C.S.: Sociedad en Comandita Simple
- S.C.A.: Sociedad en Comandita por Acciones
- Corporate Tax: N/A
- Income Tax (Lowest Marginal Rate): N/A
- Income Tax (Highest Marginal Rate): N/A
- VAT/GST/Sales Tax: N/A
- Banco de América Central (Commercial Bank)
- Banco de Finanzas (Commercial Bank)
- Banco de la Producción (Commercial Bank)
- Banco Lafise Bancentro (Commercial Bank)
- Banco de Fomento a la Producción (Produzcamos) (State Bank)
- Citi, United States of America (Foreign Bank)
- Banco Procredit, Germany (Foreign Bank)
Aadmi can support you with your expansion to Nicaragua. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.