I want to start a business in nicaragua what kind of business is good?

Question

I want to start a business in nicaragua what kind of business is good?

Answer 1

Anything related to tourism or eco-tourism is popular here and will benefit you profoundly. We have tourism growing at a high rate, over 15% annually. I see many American and European couples coming to get away from big cities to find themselves in the jungle. Also, starting a business here is extremely easy, Nicaragua ranked at the second best country in Central America to start a business. Look at the link at the bottom for further info that related to investing and/or opening a business here.

Qualified tourism projects can receive the following tax benefits under Law #306, the Tourism Investment Incentive Law:

-80% to 90% income tax (IR) exemption

-Property tax exemption for 10 years (IBI)

-Import tax and value-added tax exemption on the purchase of accessories, furniture, or equipment.

Tax exemptions related to project implementation:

-Value-added tax on design/engineering and construction services

-Exoneration of import duties and taxes and of the General Value Tax (I.G.V.) for the local purchase of construction materials and fixed building accessories.

-Tax incentives can be extended if project undergoes extensive expansions

-Over 300 projects have been approved to benefit from this law since 1999.

Answer 2

You can start any type of business there of your choice and intrest.Then, make a plan that what is your Budget,means how much you can spend for starting a new business.In my opinion,a General Store would be a good option for you.Because,everytime you would be busy  in your Store.There you can keep  numerous things of customer's choice and taste. Best of luck and God bless you for ever.

Answer 3

I have been to Costa Rica, which has a similar landscape.  Ecotourism is growing fast there. I have heard the same about Nicaragua.  Any kind of tour would probably be successful....rain forest, kayaking, bus tours etc.