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Nicaragua Investment Company Act

NICARAUGA NEWS – Public consultation is to be given to a bill which aims to promote large investments by providing incentives for the creation of investment companies which have a minimum capital of US$30 million.

It is expected that next week members of the Superintendency of Banks and Other Financial Institutions will comment on the Investment Bill, which seeks to create and strengthen measures to promote large investments in the country.

Congressman Gutierrez Wálmaro told Elnuevodiario.com.ni that “… We are talking about a type of investment which is much greater, that is to say that we are talking about investment companies which must have an initial capital of approximately $29.9 million. ”

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“… The initiative also intends to open up the economy and trade of large companies interested in participating in large projects such as the Interoceanic Grand Canal, Tumarín and other projects.”

Source: elnuevodiario.com.ni

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