Monday 14 June 2021

It’s Easier to Do Business In Nicaragua

Managua, Nicaragua's capital city
Managua, Nicaragua’s capital city

TODAY NICARAGUA The time it takes to open a business has reduced from 36 to 13 days, and the number of procedures required to do so from 7 to 6.

Excerpt from the executive summary of the “Economic Report 2016 Cross-Border Trade Institutions and Red Tape” by Funides:

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In this document the Nicaraguan Foundation for Economic and Social Development (Funides) will address issues of cross-border trade and red tape, particularly in relation to the ease of import and exporting, creating or formalizing a business and paying taxes and for social benefits.

The agility of processes for importing and exporting by sea and land has experienced mixed developments. For example, the latest figures available show progress in the case of imports by sea. In the case of exports by land, Nicaragua is at a disadvantage in relation to other Central American countries.

Read full report by Funides.

Read more Nicaragua news at TodayNicaragua.com

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FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

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"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

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