Starting a Business in


Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Nicaragua. It examines the procedures, time and cost involved in launching a commercial or industrial firm with between 10 and 50 employees and start-up capital of 10 times the economy's per-capita gross national income.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 190 economies. The most recent round of data collection was completed in June 2016.

Compare Nicaragua to 189 other economies.

  • No. Procedure Time to Complete Associated Costs

    Sign the incorporation papers before a notary public

    Agency: Public Notary

    The documents of incorporation and the company bylaws must be drafted by a notary public. It is customary to include the company bylaws in the document of incorporation. Most notaries will also perform the remaining steps (explained in the following steps) in the incorporation process, for a fee of USD 200 (on average). The notary cost is in between USD 750–1,000.

    3 days USD 875

    Buy company accounting books and corporate books

    Agency: Bookstore

    According to Article 28 of the Commercial Code, all companies must keep four corporate books: two accounting books (diary and ledger) and two corporate books (minute book and share book). The cost of the books may vary from one bookstore to another.

    1 day NIO 800

    File incorporation statutes (acta constitutiva), register accounting books (sellado de libros) and register as a trader (inscripcion como comerciante)

    Agency: Representation of the Commercial Registrar at the one-stop shop (Ventanilla Unica de Inversiones, VUI)

    In February of 2014, the Public Registry of Nicaragua approved a resolution in allowing entrepreneurs to file the incorporation statutes, to register the accounting books and the inscription as a trader at the same time at the one-stop shop.

    The cost for commercial registration is 1% of capital (with a minimum of NIO 1,000, maximum of NIO 30,000) and the following fees apply:
    - Inscription of constitution of internal books: NIO 100.
    - Registration fee for books (diario, mayor, actas y acciones) NIO 350.00.
    - Registration as a trader (inscripcion como comerciante): NIO 300.
    - Form for municipal license (matricula): NIO 5.
    - Municipal license: for social capital lower than NIO 50,000 is NIO 500; higher than NIO 50,000 is 1% of capital.
    - Municipal license document (constancia de matricula): 1% of license fee.

    The payment must be made in Banpro or Banco de Finanzas, and the payment receipt must be presented at the one-stop shop. Regardless whether the company has income, it must declare before the Nicaraguan Tax Authority (Dirección General de Impuestos) each month. If the company has no sales, it will not pay any taxes. However, it will have to pay the fees for the services performed by their representative in Nicaragua before the DGI.

    1 week NIO 350 (registration of accounting books) + NIO 300 (application as a trader)
    * 4

    Pay the inscription fees

    Agency: Commercial Bank

    Fees must be paid into any bank and the receipt presented to the one-stop shop (see Procedure 5). There is a commercial bank within the Commercial Registry where the payment can be made.

    1 day (simultaneous with previous procedure) 1% of capital (Commercial Registration) within a minimum of NIO 1,000 and a maximum of NIO 30,000 + NIO 100 (inscription of internal books)

    Obtain the DUR (Documento Unico de Registro), a single document that allows registering at the same time for sales of taxes (RUC), social security (INSS), and the pre-municipal license (pre-matrícula) at the one-stop shop or at the DGI (Dirección General de Ingresos).

    Agency: Representation of DUR (Documento Unico de Registro) at the one-stop shop (VUI) or at the DGI

    On June 1st, 2012, the municipality of Managua, created the DUR (Documento Único de Registro), a single document that allows to register at the same time for sales of taxes (RUC), social security (INSS), and the pre-municipal license (pre-matrícula) at the one-stop shop or at the DGI (Dirección General de Ingresos). In addition, the payment of the pre-municipal license is now made at the one-stop shop with DUR.

    1 day 1% of capital (municipal license fee) + 1% of municipal license fee (municipal license document)+ NIO 5 (form for municipal license)

    Obtain a municipal license (matrícula)

    Agency: Representation of the Municipality of Managua (Alcaldia de Managua) at the one-stop shop (VUI)

    The request and payment of the pre-municipal license is made with the application of DUR and not with the delegation of Municipality (Alcaldía) at the one-stop shop. However, entrepreneurs must go to the delegation of the Municipality (Alcaldía) at the one-stop shop to obtain the official license (matrícula).

    1 day no charge

    * Takes place simultaneously with previous procedure.