Nicaragua benefits from its participation in the Central America Free Trade Agreement (CAFTA) and Trade Promotion Laws (TPLs). These agreements facilitate trade and market access, making it an attractive location for investors.
Labor Costs:
Nicaragua boasts the lowest labor costs in the American Continent. This cost advantage can significantly benefit manufacturing companies seeking to establish operations here.
Legal Benefits:
The Nicaraguan government has established free zones with favorable legal conditions. These zones offer zero taxes across various aspects of business, except for social security contributions for workers.
Safety:
Nicaragua ranks as the second safest country in the American Continent, surpassed only by Canada. Its safety statistics outperform even those of Costa Rica.
Proximity to Market:
Nicaragua’s strategic location places it just two and a half hours away from Miami, providing excellent access to North American markets.