N November 1991, a new Free Zone Law was enacted, creating the Corporation of Free Zones to promote the development of this important sector:

• Las Mercedes Industrial Free Zone, located next to the International Airport, offers 722,813 square feet of industrial space in a modern 114 acres industrial park with the lowest lease rates in Central America.
• In 1997, five new private free zones are expected to start operations. They will generate around 21,000 jobs and will have an available area of 52,370 square meters.
• The Law offers the following incentives:
  1. Total tax exemption from: income tax, general sales tax, export tax, municipal tax, import tax, and other fiscal exemptions are granted.
  2. Allows any company to sell products and services within the national territory.
  3. Allows subcontracting.
  4. 100% repatriation of capital and profits.
• In Nicaragua, there is no quantitative restriction for textile clothing export ( there is no quota for any garment category ).

More Information:
Email: info@ConsuladoDeNicaragua.com