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Nicaragua Postal Codes

The post in Nicaragua moves in mysterious ways so it’s not used much. However, for anyone wanting to give it a try, here are the most widely used postal codes…

Department Municipality Postal code Neighbourhood
Managua Managua 10000 Master code
Managua Managua 11001 Centro Histórico Cultural
Managua Managua 11002 Rubén Darío – Candelaria
Managua Managua 11002 Candelaria
Managua Managua 11003 Los Pescadores
Managua Managua 11003 Carlos Reina
Managua Managua 11004 Quinta Nina
Managua Managua 11004 Benedicto Valverde
Managua Managua 11005 San Luis Norte
Managua Managua 11005 Hilario Sánchez 1
Managua Managua 11006 Barricada
Managua Managua 11006 Hilario Sánchez 2
Managua Managua 11007 Las Torres
Managua Managua 11008 Villa Pedro Joaquín Chamorro
Managua Managua 11009 Riguero Norte
Managua Managua 11011 Domitila Lugo
Managua Managua 11012 Jardines De Santa Clara
Managua Managua 11013 Shelim Shible
Managua Managua 11014 Santa Lucia
Managua Managua 11015 Sector Oeste Portezuelo
Managua Managua 11016 Portezuelo Parque Industrial
Managua Managua 11017 Sector Este Portezuelo
Managua Managua 11018 La Primavera
Managua Managua 11019 Anexo La Primavera
Managua Managua 11021 Vallarta
Managua Managua 11022 Sector Este Vallarta
Managua Managua 11023 Sector Este La Primavera
Managua Managua 11024 Jose Dolores Estrada
Managua Managua 11025 Sector Corte Suprema De Justicia
Managua Managua 11026 Jorge Cassaly
Managua Managua 11027 Waspán Norte
Managua Managua 11028 Sector Norte De Waspán Norte
Managua Managua 11029 Santa Maria De Las Victorias
Managua Managua 11031 Hugo Chávez
Managua Managua 11032 Camilo Chamorro
Managua Managua 11033 Sector Noreste Camilo Chamorro
Managua Managua 11034 Oscar Lino Paz Cubas
Managua Managua 11035 Bertha Díaz
Managua Managua 11036 Sector Oeste Américas 2
Managua Managua 11037 B15
Managua Managua 11037 Carlos Núñez
Managua Managua 11037 Anexo Américas 2
Managua Managua 11038 Jose Benito Escobar
Managua Managua 11038 Américas 2
Managua Managua 11039 Las Mercedes
Managua Managua 11041 Anexo 1 Unidad De Propósito
Managua Managua 11042 Unidad De Propósito
Managua Managua 11043 German Pomares Américas 2
Managua Managua 11044 Anexo 2 Unidad De Propósito
Managua Managua 11045 Colinas De Verona
Managua Managua 11046 Las Delicias
Managua Managua 11047 Sector Este América 2
Managua Managua 11048 Casa Real Etapa 1
Managua Managua 11049 Casa Real Etapa 2
Managua Managua 11051 Casa Real Etapa 3
Managua Managua 11052 Sector Hotel Camino Real
Managua Managua 11053 Sector Sur Montecristi
Managua Managua 11054 Escuela Quemada
Managua Managua 11055 Montecristi
Managua Managua 11056 Sector Norte Montecristi
Managua Managua 11057 Sector Norte Aeropuerto Internacional De Managua
Managua Managua 11058 15 De Mayo Una
Managua Managua 11059 Sector Hotel Las Mercedes
Managua Managua 11061 El Rodeito
Managua Managua 11062 El Rodeo
Managua Managua 11063 Sector Rio Santa Elena
Managua Managua 11064 Santa Elena
Managua Managua 11065 Monte Fresco
Managua Managua 11066 Sector Rio Borbollón
Managua Managua 11067 Sector Rio Lodoso
Managua Managua 11068 Sector Este Zona Franca Industrial
Managua Managua 11069 Alexis Arguello
Managua Managua 11071 Sector Zona Franca Industrial
Managua Managua 11072 Sector Aeropuerto Internacional De Managua
Managua Managua 11073 Sector La Subasta
Managua Managua 11074 Jorge Salazar
Managua Managua 11075 Reparto Segovia
Managua Managua 11076 Sector Mercado Mayoreo
Managua Managua 11076 Concepción De Maria
Managua Managua 11077 Canadá Sureste
Managua Managua 11078 Palestina
Managua Managua 11079 Villa Israel
Managua Managua 11081 Villa Reconciliación
Managua Managua 11082 Sector La Kativo
Managua Managua 11083 Sector Este Waspán Sur
Managua Managua 11084 Waspan Sur
Managua Managua 11085 Anexo Waspán Sur
Managua Managua 11086 Villa Miguel Gutiérrez
Managua Managua 11087 Oswaldo Manzanares
Managua Managua 11088 Mombacho
Managua Managua 11089 Sector Norte Ciudad Industrial Xolotlán
Managua Managua 11091 Ciudad Xolotlán
Managua Managua 11092 Carlos Marx
Managua Managua 11093 Pedro Arauz Palacios
Managua Managua 11094 Nuevo Horizonte
Managua Managua 11095 Santa Rosa
Managua Managua 11096 Costa Rica
Managua Managua 11097 San Luis Sur
Managua Managua 11098 Leonel Rugama
Managua Managua 11099 Los Angeles
Managua Managua 11101 Sector Mercado Oriental
Managua Managua 11102 Santo Domingo
Managua Managua 11103 Sector Sur Centro Histórico
Managua Managua 11104 Sector Gobierno
Managua Managua 11105 Blas Real Espinales
Managua Managua 11106 Sajonia
Managua Managua 11107 Buenos Aires
Managua Managua 11107 19 De Julio
Managua Managua 11108 Ciudad Jardín
Managua Managua 11109 Romin Manrique
Managua Managua 11111 Tenderí
Managua Managua 11112 El Paraisito
Managua Managua 11113 Larreynaga
Managua Managua 11114 Colonia Edgard Lang
Managua Managua 11115 Hogar Propio
Managua Managua 11116 Francisco Meza Rojas
Managua Managua 11117 Largaespada
Managua Managua 11118 Loma De Tiscapa
Managua Managua 11119 Colonia Oscar Perez Cassar
Managua Managua 11121 Sector Laguna De Tiscapa
Managua Managua 11122 Sector Sur Laguna Tiscapa
Managua Managua 11123 La Florida
Managua Managua 11124 Villa Tiscapa
Managua Managua 11125 Sector La Piñata
Managua Managua 11126 Sector Oeste Avenida Universitaria
Managua Managua 11127 Sector Noroeste Rotonda Rubén Darío
Managua Managua 11128 Reparto Walter Ferretí
Managua Managua 11129 Sector Catedral Metropolitana
Managua Managua 11131 Reparto Serrano
Managua Managua 11132 Jorge Dimitrov
Managua Managua 11133 Enrique Schmitd Rotonda de Cristo
Managua Managua 11134 Oscar Turcios Rotonda de Cristo
Managua Managua 11135 Colonia Managua
Managua Managua 11136 Campo Bruce
Managua Managua 11137 San Jose Oriental
Managua Managua 11138 San Cristóbal
Managua Managua 11139 Maria Auxiliadora
Managua Managua 11141 El Edén
Managua Managua 11142 Cristian Perez
Managua Managua 11142 Salvadorita
Managua Managua 11143 Maestro Gabriel
Managua Managua 11144 Bello Horizonte Etapa 1
Managua Managua 11145 Bello Horizonte Etapa 2
Managua Managua 11146 Bello Horizonte Etapa 3
Managua Managua 11147 Bello Horizonte Etapa 4
Managua Managua 11148 Bello Horizonte Etapa 5
Managua Managua 11149 Bello Horizonte Etapa 6
Managua Managua 11151 Nueva Libia
Managua Managua 11152 Villa Progreso
Managua Managua 11153 Villa Rubén Darío
Managua Managua 11154 Rafaela Herrera
Managua Managua 11155 Mártires De Ayapal
Managua Managua 11156 Villa San Jacinto
Managua Managua 11157 Laureano Mairena
Managua Managua 11158 Villa Fraternidad
Managua Managua 11159 Anexo Villa Fraternidad
Managua Managua 11161 Villa Japón
Managua Managua 11162 9 De Junio
Managua Managua 11163 Anexo Georgino Andrade
Managua Managua 11164 Georgino Andrade
Managua Managua 11165 Barrio Primero De Mayo
Managua Managua 11166 Barrio Venezuela
Managua Managua 11167 Ducuali
Managua Managua 11168 Paula Corea
Managua Managua 11169 El Dorado
Managua Managua 11171 10 De Junio
Managua Managua 11172 Reparto Colombia
Managua Managua 11173 Don Bosco
Managua Managua 11174 Santa Margarita
Managua Managua 11175 Santa Julia
Managua Managua 11176 Farabundo Martí
Managua Managua 11177 Francisco Aguilar
Managua Managua 11178 Habana 2 Maria
Managua Managua 11179 Colonia Nicarao
Managua Managua 11181 Carlos Aguirre
Managua Managua 11182 Unión Soviética
Managua Managua 11183 Rubenia
Managua Managua 11184 Villa Austria
Managua Managua 11185 Américas 1
Managua Managua 11186 Villa Bulgaria
Managua Managua 11187 Mercado Ivan Montenegro
Managua Managua 11187 8 De Marzo
Managua Managua 11188 Villa Revolución
Managua Managua 11188 Américas 3
Managua Managua 11189 10 De Enero
Managua Managua 11191 Reparto Lopez
Managua Managua 11192 Jericob
Managua Managua 11193 Villa Feliz
Managua Managua 11194 Sector Sur Villa Reconciliación
Managua Managua 11195 19 De Febrero
Managua Managua 11196 Betancur
Managua Managua 11197 Sector Norte Laureles Norte
Managua Managua 11198 Laureles Norte
Managua Managua 11199 Sector Sur 1 Mercado Mayoreo
Managua Managua 11201 Reparto Simón Bolívar
Managua Managua 11202 Sector Sur 2 Mercado Mayoreo
Managua Managua 11203 Planes Del Doral
Managua Managua 11204 Praderas Del Doral
Managua Managua 11205 Gertrudis Áreas
Managua Managua 11206 31 De Diciembre
Managua Managua 11207 Sector Norte Laureles Sur
Managua Managua 11208 Cortijo De La Sabana
Managua Managua 11209 La Curva Sabana Grande
Managua Managua 11211 Villa Dignidad
Managua Managua 11212 La Maravilla
Managua Managua 11212 Sector Norte Sabana Grande
Managua Managua 11213 Sector Este Sabana Grande
Managua Managua 11214 Sector Norte Comarca San Cristóbal
Managua Managua 11215 Sector Noreste Comarca San Cristóbal
Managua Managua 12001 San Sebastián
Managua Managua 12002 Manchester
Managua Managua 12003 Cristo Del Rosario
Managua Managua 12004 Julio Buitrago
Managua Managua 12005 Santa Ana Sur
Managua Managua 12006 Santa Ana Norte
Managua Managua 12007 Acahualinca
Managua Managua 12008 Alemania Democrática
Managua Managua 12009 Barrio Cuba
Managua Managua 12011 Rubén Darío
Managua Managua 12012 Francisco Morazán
Managua Managua 12013 Rafael Ríos
Managua Managua 12014 Sector Norte Linda Vista
Managua Managua 12015 Sector Occidental Lago De Managua
Managua Managua 12016 La Chureca
Managua Managua 12017 Virgen De Guadalupe
Managua Managua 12018 Sector Norte Las Brisas
Managua Managua 12019 Linda Vista Norte
Managua Managua 12021 Las Brisas
Managua Managua 12022 Carlos Núñez Los Martinez
Managua Managua 12023 Valle Dorado
Managua Managua 12024 Sector Cerro Los Martinez
Managua Managua 12025 Sector Cuesta Del Plomo
Managua Managua 12026 Sector Industrial La Refinería
Managua Managua 12027 Ulsa
Managua Managua 12028 Sector Paseo Las Brisa
Managua Managua 12029 Los Arcos
Managua Managua 12031 Linda Vista Sur
Managua Managua 12032 Loma Verde
Managua Managua 12033 El Seminario
Managua Managua 12034 El Cortijo
Managua Managua 12035 Dignidad 4 De Mayo
Managua Managua 12036 Monseñor Lezcano Oeste
Managua Managua 12037 Monseñor Lezcano Este
Managua Managua 12038 Javier Cuadra
Managua Managua 12039 La Reforma
Managua Managua 12041 San Jose
Managua Managua 12042 San Antonio
Managua Managua 12043 San Pedro
Managua Managua 12044 El Bóer
Managua Managua 12045 Che Guevara
Managua Managua 12046 Martha Quezada
Managua Managua 12047 William Diaz
Managua Managua 12048 El Carmen
Managua Managua 12049 Colonia Mantica
Managua Managua 12049 Callejón Zelaya
Managua Managua 12051 Las Palmas
Managua Managua 12052 Manuel Olivares
Managua Managua 12053 Reparto España
Managua Managua 12054 Miraflores 1
Managua Managua 12055 Miraflores 2
Managua Managua 12056 Juan Emilio Menocal
Managua Managua 12057 Sector El Seminario
Managua Managua 12058 Sector Laguna De Asososca
Managua Managua 12059 Sector Este Laguna De Asososca
Managua Managua 12061 Dinamarca
Managua Managua 12062 Batahola Norte
Managua Managua 12063 Jardines De Managua
Managua Managua 12064 Edgard Lang
Managua Managua 12065 Altagracia Norte
Managua Managua 12066 Bolonia
Managua Managua 12067 San Martin
Managua Managua 12068 25 Aniversario
Managua Managua 12069 San Ignacio Waslala
Managua Managua 12071 Embusa 1 Y 2
Managua Managua 12072 Anexo Batahola Sur
Managua Managua 12073 Batahola Sur
Managua Managua 12074 Llamas Del Bosque
Managua Managua 12075 Los Madroños
Managua Managua 12076 Daniel Chavarría
Managua Managua 12077 Nora Astorga
Managua Managua 12078 Santa Ana Nicalit
Managua Managua 12079 Altagracia Sur
Managua Managua 12081 Bertha Calderon
Managua Managua 12082 Recreo Norte
Managua Managua 12083 Bosques De Bolonia
Managua Managua 12084 Sector Plaza España
Managua Managua 12085 Plaza España Costado Sur
Managua Managua 12086 Sector El Retiro
Managua Managua 12087 Jonathan Gonzalez
Managua Managua 12088 Villa Argentina
Managua Managua 12089 Golfo Pérsico
Managua Managua 12091 Sector Enel Central
Managua Managua 12092 Enrique Bermudez 380
Managua Managua 12093 Carlos Núñez 380
Managua Managua 12094 Sector Oeste Avenida Naciones Unidas
Managua Managua 12095 Rene Cisneros
Managua Managua 12096 Recreo Sur
Managua Managua 12097 Andrés Castro
Managua Managua 12098 Centro Cívico
Managua Managua 12099 Sector Mercado Israel Lewites
Managua Managua 12101 Sector Pali Zumen
Managua Managua 12102 Sector Centro Comercial Nejapa
Managua Managua 12103 Enrique Schmidt Nejapa
Managua Managua 12104 Belmonte
Managua Managua 12105 David Tejada
Managua Managua 12106 Sector Cerro Tabuya
Managua Managua 12107 Sector Parque Las Piedrecitas
Managua Managua 12108 Motastepe
Managua Managua 12109 Mirna Ugarte
Managua Managua 12111 Las Piedrecitas
Managua Managua 12112 Héroes Y Mártires De Ayapal
Managua Managua 13001 Casimiro Sotelo
Managua Managua 13002 Hialeah 1 Y 2
Managua Managua 13002 Sector Instituto Salomón De La Selva
Managua Managua 13004 Sector Holiday Inn
Managua Managua 13005 Sector Ofiplaza
Managua Managua 13006 Colonia Del Periodista
Managua Managua 13007 La Esperanza
Managua Managua 13008 El Pilar
Managua Managua 13009 Sector Hospital Bertha Calderón
Managua Managua 13011 Héroes Y Mártires Del Bocay
Managua Managua 13011 Colonia Independencia
Managua Managua 13012 Tierra Prometida
Managua Managua 13013 Sector Banco Central
Managua Managua 13014 Frawley
Managua Managua 13015 Reisel
Managua Managua 13016 Sector Laguna De Nejapa
Managua Managua 13017 Sector Este Laguna De Nejapa
Managua Managua 13018 Sector Noroeste Pista Suburbana
Managua Managua 13019 Lomas De San Judas
Managua Managua 13021 Herlinda López
Managua Managua 13022 Luis Alfonso Velásquez 1
Managua Managua 13023 Luis Alfonso Velásquez 2
Managua Managua 13024 San Judas
Managua Managua 13025 Los Martínez San Judas
Managua Managua 13026 Sector Este San Judas
Managua Managua 13027 San Pedro San Judas
Managua Managua 13028 Vista Hermosa
Managua Managua 13029 Martin Luter King
Managua Managua 13031 Paseo Del Valle
Managua Managua 13032 San Francisco De Asís
Managua Managua 13033 Memorial Sandino
Managua Managua 13034 Bosques De Nejapa
Managua Managua 13035 Sector Suroeste Colonia El Periodista
Managua Managua 13036 Altos De Nejapa
Managua Managua 13037 Hialeah 3
Managua Managua 13038 Hialeah 4
Managua Managua 13039 Sector Oeste Lomas De San Ángel
Managua Managua 13041 Villa San Ángel
Managua Managua 13042 Lomas De San Ángel
Managua Managua 13043 Lomas De Monserrat
Managua Managua 13044 Catalina
Managua Managua 13045 Acrópolis
Managua Managua 13046 Sector Noroeste Rotonda Universitaria
Managua Managua 13047 Lomas Del Consuelo
Managua Managua 13048 Sector Colegio Americano
Managua Managua 13049 Sector Suroeste Rotonda Universitaria
Managua Managua 13051 Colonia Miguel Bonilla
Managua Managua 13052 Sector Mokorón
Managua Managua 13053 Sector Norte Comarca Los Ladinos
Managua Managua 13054 Sector Sur Memorial Sandino
Managua Managua 13055 Marvin Marín
Managua Managua 13056 Villa Roma
Managua Managua 13057 Omar Torrijos – Loma Linda
Managua Managua 13058 Lomas De Buenos Aires
Managua Managua 13059 Sector Suroeste Pista Suburbana
Managua Managua 13061 San Patricio
Managua Managua 13062 Kilocho
Managua Managua 13063 Germán Pomares -Ticomo
Managua Managua 13064 Arges Sequeira
Managua Managua 13065 Sector Noreste Valle De Ticomo
Managua Managua 13066 Villa Nueva
Managua Managua 13067 Lomas Del Sur
Managua Managua 13068 Buena Vista
Managua Managua 13069 Bertilda Olegaria
Managua Managua 13071 La Zacatera
Managua Managua 13072 Los Laureles- Camilo Ortega
Managua Managua 13073 Sector Sureste Valle Ticomo
Managua Managua 13074 William Galeano
Managua Managua 13075 Camilo Ortega
Managua Managua 13075 Torres Molina
Managua Managua 13076 Anexo Camilo Ortega
Managua Managua 13077 Sector Sur Loma Linda
Managua Managua 13078 Loma Linda
Managua Managua 13078 Sierra Maestra
Managua Managua 13079 Anexo Villa Roma
Managua Managua 13081 Sector Noreste Comarca Pochocuape
Managua Managua 13082 Sector Noroeste Comarca San Isidro Libertador
Managua Managua 13083 Sector Norte Comarca San Isidro Libertador
Managua Managua 13084 Sector Sur Comarca Los Ladinos
Managua Managua 13085 El Progreso
Managua Managua 13086 Sector Norte Comarca Las Viudas
Managua Managua 13087 Sector Sur Comarca Las Viudas
Managua Managua 13088 Sector Sur Comarca San Isidro Libertador
Managua Managua 13089 Sector Sur Comarca Pochocuape
Managua Managua 13091 Sector Sur Comarca Ticomo
Managua Managua 13092 Sector Sur Valle Ticomo
Managua Managua 13093 Sector Valle De Ticomo
Managua Managua 13094 Sector Sur Laguna Nejapa
Managua Managua 13095 Nejapa
Managua Managua 13096 Sector Norte Comarca Nejapa
Managua Managua 13097 German Pomares- Nejapa
Managua Managua 13098 Delagneau
Managua Managua 13099 Villa Galicia
Managua Managua 13101 Sector Noroeste Altos De Ticomo
Managua Managua 13102 Sector Sur Comarca Nejapa
Managua Managua 13103 Bosques De Miraflores
Managua Managua 13104 Sector Oeste Comarca Nejapa
Managua Managua 13105 Sector Norte Cedro Galán
Managua Managua 13106 Sector Central Comarca Cedro Galán
Managua Managua 13107 Sector Norte Comarca Chiquilistagua
Managua Managua 13108 Lomas De Maromo
Managua Managua 13109 Sector Central Comarca Chiquilistagua
Managua Managua 13111 Vista Esmeralda
Managua Managua 13112 Sector Oeste Comarca Chiquilistagua
Managua Managua 13113 Casa Blanca
Managua Managua 13114 Monte Verde
Managua Managua 13115 Planetarium
Managua Managua 13116 Sector Este Comarca Chiquilistagua
Managua Managua 13117 Sector Suroeste Comarca Cedro Galán
Managua Managua 13118 Sector Sur Comarca Cedro Galán
Managua Managua 13119 Sector Noroeste Comarca San Jose De La Cañada
Managua Managua 13121 Altos De Ticomo
Managua Managua 13122 Lomas De Ticomo
Managua Managua 13123 Santa Anita
Managua Managua 13124 Santa Anita 2
Managua Managua 13125 Marcell Pallais
Managua Managua 13125 Santa Isabel
Managua Managua 13126 Sector Suroeste Santa Anita
Managua Managua 13127 San Sebastián Sur
Managua Managua 13128 Sector Este Comarca San Jose De La Cañada
Managua Managua 13129 Sector Sureste Santa Isabel
Managua Managua 13131 El Sosiego
Managua Managua 13132 Samarkanda
Managua Managua 13133 Villa Jacinto
Managua Managua 13134 Sector Oeste Monte Tabor
Managua Managua 13135 Serranías
Managua Managua 13135 Las Carolinas
Managua Managua 13136 Los Cocos
Managua Managua 13137 Urbanización Ticomo Sur
Managua Managua 13138 Sector Este Comarca Monte Tabor
Managua Managua 13139 Las Jinotepes
Managua Managua 13141 El Pedernal
Managua Managua 13142 El Rosal
Managua Managua 13143 Hilario Sánchez Sur
Managua Managua 13144 Sector Sureste Comarca San Jose La Cañada
Managua Managua 13145 La Veranera
Managua Managua 13146 Sector Suroeste Comarca San Jose La Cañada
Managua Managua 14001 Edgard Munguía
Managua Managua 14002 Reparto San Juan
Managua Managua 14003 Reparto Lomas De Guadalupe
Managua Managua 14004 Reparto Tiscapa
Managua Managua 14005 Sector Metrocentro
Managua Managua 14006 Colonial Los Robles 3
Managua Managua 14007 Colonial Los Robles 5
Managua Managua 14008 Colonial Los Robles 7
Managua Managua 14009 Colonial Los Robles 8
Managua Managua 14011 Pedro Joaquín Chamorro
Managua Managua 14012 La Luz
Managua Managua 14012 14 De Junio
Managua Managua 14013 Habana 1 – Rotonda De Cristo
Managua Managua 14014 Riguero
Managua Managua 14015 Aldo Chavarría
Managua Managua 14016 Máximo Jeréz
Managua Managua 14017 Barrio México
Managua Managua 14018 Revolución
Managua Managua 14019 Liberia
Managua Managua 14021 Carlos Fonseca
Managua Managua 14022 Sector Mercado Roberto Huembes
Managua Managua 14023 Isaías Gómez
Managua Managua 14024 Sector Hospital Manolo Morales
Managua Managua 14025 Santos López
Managua Managua 14026 Bosques De Altamira
Managua Managua 14027 Altamira Este
Managua Managua 14028 Colonial Los Robles 6
Managua Managua 14029 Colonial Los Robles 2
Managua Managua 14031 Planes De Altamira 2
Managua Managua 14032 Colonial Los Robles 4
Managua Managua 14033 Colonial Los Robles 1
Managua Managua 14034 Planes De Altamira 1
Managua Managua 14035 Reparto Los Robles
Managua Managua 14036 Anexo Reparto San Juan
Managua Managua 14037 Lomas De San Juan
Managua Managua 14038 Villa Santa Fe
Managua Managua 14039 Sector Sur San Juan
Managua Managua 14041 Sector Sureste San Juan
Managua Managua 14042 Planes De Altamira 3
Managua Managua 14043 Sector Este Planes De Altamira 3
Managua Managua 14044 Las Flores
Managua Managua 14045 Bell Air
Managua Managua 14046 Sector Noroeste Paso Desnivel Centroamérica
Managua Managua 14047 La Morita
Managua Managua 14048 Colonia Centroamérica
Managua Managua 14049 Sector Centro Comercial Managua
Managua Managua 14051 Pantasma
Managua Managua 14052 Grenada
Managua Managua 14053 Ariel Darce
Managua Managua 14053 La Fuente
Managua Managua 14054 Reparto Cuadra
Managua Managua 14055 Nicarao Sector Sur
Managua Managua 14056 Edmundo Matamoros
Managua Managua 14056 Santa Bárbara
Managua Managua 14057 14 De Septiembre
Managua Managua 14058 Omar Torrijos
Managua Managua 14058 Santa Emilia
Managua Managua 14059 Jardines De Veracruz
Managua Managua 14061 Anexo Jardines De Veracruz
Managua Managua 14062 Sector Conchita Palacios
Managua Managua 14063 Leningrado
Managua Managua 14064 Colonia Primero De Mayo
Managua Managua 14065 Anexo Colonia Primero De Mayo
Managua Managua 14066 Villa Valencia
Managua Managua 14067 Villa Flor Norte
Managua Managua 14068 Las Alemanias
Managua Managua 14069 Bosque Norte Y Sur
Managua Managua 14071 Américas 4
Managua Managua 14071 Villa Venezuela
Managua Managua 14072 Villa La Sabana
Managua Managua 14073 Sector Este Villa Venezuela
Managua Managua 14074 Arlen Siu
Managua Managua 14075 Mirador La Sabana
Managua Managua 14076 Manuel Fernández
Managua Managua 14076 Laureles Sur
Managua Managua 14077 Arnoldo Alemán
Managua Managua 14078 Maria Dolores Alemán
Managua Managua 14079 Vittoria
Managua Managua 14081 Sector Este Laureles Sur
Managua Managua 14082 Altos De La Sabana
Managua Managua 14083 Los Cocos Sabana Grande
Managua Managua 14084 4 De Noviembre
Managua Managua 14085 Sabana Grande
Managua Managua 14086 Ríos De Agua Viva
Managua Managua 14087 Sector Sur Sabana Grande
Managua Managua 14088 Sector Sur Comarca San Cristóbal
Managua Managua 14089 Sector Este 2 Comarca Sabana Grande Sur
Managua Managua 14091 Villa Sol
Managua Managua 14092 Sabanas
Managua Managua 14093 Sector Este 1 Comarca Sabana Grande Sur
Managua Managua 14094 Sector Oeste Comarca Sabana Grande Sur
Managua Managua 14095 Israel Galeano
Managua Managua 14096 Nueva Sabana
Managua Managua 14097 Comandante Aureleano
Managua Managua 14098 Camino Del Río
Managua Managua 14099 Los Ingenieros
Managua Managua 14099 Sector Sur Lomas De Guadalupe
Managua Managua 14099 Los Corteses
Managua Managua 14101 Lomas De Guadalupe
Managua Managua 14102 Villa Libertad
Managua Managua 14103 Anexo Villa Libertad
Managua Managua 14104 Sol De Libertad
Managua Managua 14105 Nueva Nicaragua
Managua Managua 14106 Divino Niño
Managua Managua 14107 Ciudad San Sebastián
Managua Managua 14108 Sector Sur Anexo Villa Libertad
Managua Managua 14109 Milagro De Dios
Managua Managua 14111 Anexo Villa Venezuela
Managua Managua 14112 Vista Al Xolotlán
Managua Managua 14113 Carlos Núñez Américas 4
Managua Managua 14114 Villa Canadá
Managua Managua 14115 Manolo Morales
Managua Managua 14116 25 De Febrero
Managua Managua 14117 Villa Flor Sur
Managua Managua 14118 Enrique Schmidt Villa Flor
Managua Managua 14119 11 De Mayo
Managua Managua 14121 13 De Mayo
Managua Managua 14122 18 De Agosto
Managua Managua 14123 Ciudadela Nicaragua
Managua Managua 14124 28 De Mayo
Managua Managua 14125 Eddy Mayorga
Managua Managua 14126 Eduardo Contreras
Managua Managua 14127 30 De Mayo
Managua Managua 14127 Sector Milagro De Dios
Managua Managua 14128 Alfredo Nobel
Managua Managua 14128 Che Guevara
Managua Managua 14129 Salomón Moreno
Managua Managua 14131 Enrique Lorente
Managua Managua 14131 Reparto Shick 3
Managua Managua 14132 Bariloche
Managua Managua 14132 Blanca Segovia
Managua Managua 14133 Blanca Arauz
Managua Managua 14133 Amanda Aguilar
Managua Managua 14134 Sócrates Sandino
Managua Managua 14135 Reparto Shick 4
Managua Managua 14135 Enrique Gutiérrez
Managua Managua 14136 Ángel Valentín Barrios
Managua Managua 14136 Reparto Shick 2
Managua Managua 14137 Rene Polanco
Managua Managua 14138 Germán Pomares
Managua Managua 14139 Proyecto Piloto
Managua Managua 14141 Pablo Úbeda
Managua Managua 14142 Macaraly
Managua Managua 14142 Reparto Shick 1
Managua Managua 14143 Francisco Salazar
Managua Managua 14144 Finlandia Rubén Darío Las Colinas
Managua Managua 14145 Augusto Cesar Sandino
Managua Managua 14146 12 De Octubre
Managua Managua 14147 San Lucas
Managua Managua 14148 Anexo 18 De Mayo
Managua Managua 14149 18 De Mayo
Managua Managua 14151 Walter Ferreti
Managua Managua 14152 Isabel Urbina
Managua Managua 14152 Adolfo Reyes
Managua Managua 14153 Sector Hogar Zacarías Guerra
Managua Managua 14154 Lomas Del Valle
Managua Managua 14155 Piquín Guerrero
Managua Managua 14155 Las Lomitas Centroamérica
Managua Managua 14156 22 De Enero
Managua Managua 14157 Sector Camino De Oriente
Managua Managua 14158 Sector Noroeste Rotonda Jean Paul Genie
Managua Managua 14159 Planes De Puntaldía
Managua Managua 14161 Villas Italianas
Managua Managua 14162 Mirasol
Managua Managua 14163 Madroños Villa Fontana
Managua Managua 14164 Inmaculada Villa Fontana
Managua Managua 14165 Villa Fontana Este
Managua Managua 14166 Sector Suroeste Camino De Oriente
Managua Managua 14167 Sector Radio Nicaragua
Managua Managua 14168 Sector La Salle
Managua Managua 14169 Condominio Roma
Managua Managua 14171 Casa Fontana
Managua Managua 14172 Sector Unan Managua
Managua Managua 14173 Villa Fontana Norte
Managua Managua 14174 Villa Fontana Sur
Managua Managua 14175 Las Veraneras
Managua Managua 14176 Sector Comarca Jocote Dulce
Managua Managua 14177 Sector Colegio Centroamérica
Managua Managua 14178 Bosques Del Recreo
Managua Managua 14179 Sector Sur Club Terraza
Managua Managua 14181 Bosques Del Terraza
Managua Managua 14182 Las Cumbres
Managua Managua 14183 Mirador Las Cumbres
Managua Managua 14184 Altos De Las Cumbres
Managua Managua 14185 Portal Del Carmen
Managua Managua 14186 La Rioja
Managua Managua 14187 Sector Sur Pista Jean Paul Genie
Managua Managua 14188 Santa Mónica Cruz Del Paraíso
Managua Managua 14189 Sector Norte Cruz Del Paraíso
Managua Managua 14191 Sector Sur Rotonda Jean Paul Genie
Managua Managua 14192 Magnolia
Managua Managua 14193 Sector Noroeste Las Colinas
Managua Managua 14194 Sector Norte Las Colinas
Managua Managua 14195 Goenz
Managua Managua 14196 Sector Hotel Las Colinas
Managua Managua 14197 Paseo Las Colinas
Managua Managua 14198 Cumbres De Las Colinas
Managua Managua 14199 Las Colinas
Managua Managua 14201 Cedros De Las Colinas
Managua Managua 14202 Lomas De Las Colinas
Managua Managua 14203 Sector Noreste Las Colinas
Managua Managua 14204 Naciones Unidas
Managua Managua 14205 Villa Cuba Libre
Managua Managua 14206 Sector Oeste Colinas De Santa Cruz
Managua Managua 14207 Flor De Las Colinas
Managua Managua 14208 Villa Loreto
Managua Managua 14209 Colinas De Santa Cruz
Managua Managua 14211 Sector Norte Colinas De Santa Cruz
Managua Managua 14212 Sector Norte Las Jaguitas
Managua Managua 14213 Sector Oeste Comarca Las Enramadas
Managua Managua 14214 Cuatro Esquinas De Las Enramadas
Managua Managua 14215 Sector Este Comarca Las Enramadas
Managua Managua 14216 Sector Sureste Comarca Las Enramadas
Managua Managua 14217 Mayales
Managua Managua 14218 Sector Sur Comarca Las Enramadas
Managua Managua 14219 Sector Norte Comarca Esquipulas
Managua Managua 14221 Sector Este Las Cuarezma
Managua Managua 14222 Sector Sur Comarca Las Jaguitas
Managua Managua 14223 Sector Este Las Colinas
Managua Managua 14224 Villa Florencia
Managua Managua 14225 Colinas Sur
Managua Managua 14226 Frascati
Managua Managua 14227 Terracota 1 Y 2
Managua Managua 14228 Estefanía
Managua Managua 14229 Acoma
Managua Managua 14231 Las Cuarezmas
Managua Managua 14232 San Pablo
Managua Managua 14233 Jardines De Las Colinas
Managua Managua 14234 El Boquete Sector Norte Santo Domingo
Managua Managua 14235 Mirador Sur Santo Domingo
Managua Managua 14236 Mirador Norte Santo Domingo
Managua Managua 14237 Lomas De Notredame
Managua Managua 14238 Sector Norte El Mirador
Managua Managua 14239 Castellana
Managua Managua 14241 Alamedas Km 8 Carretera Masaya
Managua Managua 14242 Las Lomas Camino Viejo
Managua Managua 14243 Villa Bellini
Managua Managua 14244 Sector Sur Cruz Del Paraíso
Managua Managua 14245 Los Membreños
Managua Managua 14246 Sector Norte San Isidro De La Cruz Verde
Managua Managua 14247 Combatiente Desconocido
Managua Managua 14248 Urbanización Gloria
Managua Managua 14249 Sector Norte Jocote Dulce
Managua Managua 14251 Vincent Poujardeu
Managua Managua 14252 Miralagos
Managua Managua 14253 Sector Sur Jocote Dulce
Managua Managua 14254 Sector Oeste San Isidro De La Cruz Verde
Managua Managua 14255 Sector San Isidro De La Cruz Verde
Managua Managua 14256 Los Andes
Managua Managua 14257 Jacarandas
Managua Managua 14258 La Quinta
Managua Managua 14259 Altos De Santo Domingo
Managua Managua 14261 Anexo Las Sierritas Santo Domingo
Managua Managua 14262 Santa Mónica
Managua Managua 14263 Lomas De Santo Domingo
Managua Managua 14264 Sierritas De Santo Domingo
Managua Managua 14265 Sector Norte Sierritas De Santo Domingo
Managua Managua 14266 Urbanización Madrid
Managua Managua 14267 Acrópolis
Managua Managua 14268 Pedregal
Managua Managua 14269 Los Palmares
Managua Managua 14271 Germán Silva
Managua Managua 14272 16 De Marzo
Managua Managua 14273 Barrio Nuevo
Managua Managua 14274 Bosques De Santa María
Managua Managua 14275 Santa María De Los Lagos
Managua Managua 14276 Villas Gaudi
Managua Managua 14277 Sector Cuatro Esquinas De Esquipulas
Managua Managua 14278 Michelangelo
Managua Managua 14279 Entreverde
Managua Managua 14281 Altos De Las Colinas
Managua Managua 14282 Sector Oeste Comarca Esquipulas
Managua Managua 14283 Sector Esquipulas
Managua Managua 14284 Ermitas De Esquipulas
Managua Managua 14285 Vistas De Esquipulas
Managua Managua 14286 Sector Noreste Los Vanegas
Managua Managua 14287 El Cenicero
Managua Managua 14288 Los Vanegas
Managua Managua 14289 Sector Sur Esquipulas
Managua Managua 14291 Villanova
Managua Managua 14292 Berlín
Managua Managua 14293 Las Praderas
Managua Managua 14294 Paseo Del Prado
Managua Managua 14295 Villa Del Rosario
Managua Managua 14296 Alamedas Santo Domingo
Managua Managua 14297 Palma Real
Managua Managua 14298 Sector Norte Estancia De Santo Domingo
Managua Managua 14299 Estancia Santo Domingo
Managua Managua 14301 Sector Sur Altos De Santo Domingo
Managua Managua 14302 Altamonte
Managua Managua 14303 Palermo
Managua Managua 14304 Bosques Del Prado
Managua Managua 14305 Sector Sur Sierritas De Santo Domingo
Managua Managua 14306 Hadas Villas
Managua Managua 14307 Villa De Andalucía
Managua Managua 14308 La Arboleda Santo Domingo
Managua Managua 14309 Bosques De Santo Domingo
Managua Managua 14311 Quintas Del Valle
Managua Managua 14312 El Rodeo Santo Domingo
Managua Managua 14313 Haras De La Hoyada
Managua Managua 14314 Condesa 1 Y 2
Managua Managua 14315 Valle Blanco
Managua Managua 14316 Valle Azul
Managua Managua 14317 El Encanto 1 Y 2
Managua Managua 14318 Sector Oeste Comarca Santo Domingo
Managua Managua 14319 Bosques De San Isidro
Managua Managua 14321 Sector Sur San Isidro De La Cruz Verde
Managua Managua 14322 Monte Carlos
Managua Managua 14323 La Esperanza Jocote Dulce
Managua Managua 14324 Los Angeles Jocote Dulce
Managua Managua 14325 Sector Sur Jocote Dulce
Managua Managua 14326 Portal Del Bosque
Managua Managua 14327 Intermezzo Del Bosque
Managua Managua 14328 Balcones De Santo Domingo 2
Managua Managua 14329 Balcones De Santo Domingo 1
Managua Managua 14331 Sector Sureste San Isidro De La Cruz Verde
Managua Managua 14332 Jardines De Santo Domingo 2
Managua Managua 14333 Jardines De Santo Domingo 1
Managua Managua 14334 San Antonio Sur
Managua Managua 14335 Puertas Del Sol
Managua Managua 14336 Sacuanjoche
Managua Managua 14337 Valle Del Prado
Managua Managua 14338 Campo Bello
Managua Managua 14339 Las Palmeras
Managua Managua 14341 Los Geranios
Managua Managua 14342 Sector Norte Comarca San Antonio Sur
Managua Managua 14343 Sector Sur Comarca San Antonio Sur
Managua Managua 14344 Sector Este Comarca Candelaria Sur
Managua Managua 14345 Sector Oeste Comarca Candelaria Sur
Managua Tipitapa 15100 Master code
Managua San Francisco Libre 15300 Master code
Managua Mateare 15500 Master code
Managua Ciudad Sandino 15700 Master code
Managua El Crucero 16100 Master code
Managua Ticuantepe 16300 Master code
Managua Villa El Carmen 16500 Master code
Managua San Rafael Del Sur 16700 Master code
León León 21000 Master code
León La Paz Centro 22100 Master code
León Nagarote 22200 Master code
León Quezalguaque 22300 Master code
León Telica 22400 Master code
León Larreynaga 22500 Master code
León El Jicaral 22600 Master code
León Santa Rosa del Peñón 22700 Master code
León El Sauce 22800 Master code
León Achuapa 22900 Master code
Chinandega Chinandega 25000 Master code
Chinandega Chichigalpa 26100 Master code
Chinandega El Viejo 26200 Master code
Chinandega El Realejo 26300 Master code
Chinandega Corinto 26400 Master code
Chinandega Posoltega 26500 Master code
Chinandega Puerto Morazán 26600 Master code
Chinandega Villanueva 26700 Master code
Chinandega Somotillo 26800 Master code
Chinandega San Francisco del Norte 26900 Master code
Chinandega Santo Tómas del Norte 27100 Master code
Chinandega Cinco Pinos 27200 Master code
Chinandega San Pedro del Norte 27300 Master code
Estelí Estelí 31000 Master code
Estelí Condega 32100 Master code
Estelí Pueblo Nuevo 32200 Master code
Estelí San Juan de Limay 32300 Master code
Estelí San Nicolás 32400 Master code
Estelí La Trinidad 32500 Master code
Madriz Somoto 34000 Master code
Madriz Yalaguina 35100 Master code
Madriz Palacaguina 35200 Master code
Madriz Totogalpa 35300 Master code
Madriz San Lucas 35400 Master code
Madriz Las Sabanas 35500 Master code
Madriz San José de Cusmapa 35600 Master code
Madriz Telpaneca 35700 Master code
Madriz San Juan de Rio Coco 35800 Master code
Nueva Segovia Ocotal 37000 Master code
Nueva Segovia Mozonte 38100 Master code
Nueva Segovia Dipilto 38200 Master code
Nueva Segovia Macuelizo 38300 Master code
Nueva Segovia Ciudad Antigua 38400 Master code
Nueva Segovia San Fernando 38500 Master code
Nueva Segovia Santa María 38600 Master code
Nueva Segovia Quilalí 38700 Master code
Nueva Segovia El Jícaro 38800 Master code
Nueva Segovia Murra 38900 Master code
Nueva Segovia Wiwilí de Nueva Segovia 39100 Master code
Nueva Segovia Jalapa 39200 Master code
Masaya Masaya 41000 Master code
Masaya Tisma 42100 Master code
Masaya Nindirí 42200 Master code
Masaya La Concepción 42300 Master code
Masaya Nandasmo 42400 Master code
Masaya Catarina 42500 Master code
Masaya Masatepe 42600 Master code
Masaya Niquinohomo 42700 Master code
Masaya San Juan de Oriente 42800 Master code
Granada Granada 43000 Master code
Granada Diriomo 44100 Master code
Granada Diriá 44200 Master code
Granada Nandaime 44300 Master code
Carazo Jinotepe 45000 Master code
Carazo Dolores 46100 Master code
Carazo El Rosario 46200 Master code
Carazo Diriamba 46300 Master code
Carazo San Marcos 46400 Master code
Carazo La Paz de Carazo 46500 Master code
Carazo Santa Teresa 46600 Master code
Carazo La Conquista 46700 Master code
Rivas Rivas 47000 Master code
Rivas San Jorge 48100 Master code
Rivas Buenos Aires 48200 Master code
Rivas Potosí 48300 Master code
Rivas Belén 48400 Master code
Rivas Tola 48500 Master code
Rivas San Juan del Sur 48600 Master code
Rivas Moyogalpa 48700 Master code
Rivas Altagracia 48800 Master code
Rivas Cárdenas 48900 Master code
Boaco Boaco 51000 Master code
Boaco Camoapa 52100 Master code
Boaco Santa Lucia 52200 Master code
Boaco Teustepe 52300 Master code
Boaco San Lorenzo 52400 Master code
Boaco San José de los Remates 52500 Master code
Chontales Juigalpa 55000 Master code
Chontales Acoyapa 56100 Master code
Chontales Santo Tomás 56200 Master code
Chontales La Libertad 56300 Master code
Chontales San Francisco de Cuapa 56400 Master code
Chontales Comalapa 56500 Master code
Chontales Villa Sandino 56600 Master code
Chontales San Pedro de Lóvago 56700 Master code
Chontales Santo Domingo 56800 Master code
Chontales El Coral 56900 Master code
Matagalpa Matagalpa 61000 Master code
Matagalpa San Ramón 62100 Master code
Matagalpa Sébaco 62200 Master code
Matagalpa Terrabona 62300 Master code
Matagalpa San Dionisio 62400 Master code
Matagalpa Esquipulas 62500 Master code
Matagalpa Muy Muy 62600 Master code
Matagalpa El Tuma La Dalia 62700 Master code
Matagalpa Ciudad Darío 62800 Master code
Matagalpa San Isidro 62900 Master code
Matagalpa Matiguas 63100 Master code
Matagalpa Río Blanco 63200 Master code
Matagalpa Rancho Grande 63300 Master code
Jinotega Jinotega 65000 Master code
Jinotega San Rafael del Norte 66100 Master code
Jinotega San Sebastián de Yalí 66200 Master code
Jinotega La Concordia 66300 Master code
Jinotega Santa María de Pantasma 66400 Master code
Jinotega El Cuá 66500 Master code
Jinotega San José de Bocay 66600 Master code
Jinotega Wiwilí de Jinotega 66700 Master code
RAAN Puerto Cabezas 71000 Master code
RAAN Waspam 72100 Master code
RAAN Rosita 72200 Master code
RAAN Bonanza 72300 Master code
RAAN Siuna 72400 Master code
RAAN Prinzapolka 72500 Master code
RAAN Mulukukú 72600 Master code
RAAN Waslala 72700 Master code
RAAS Bluefields 81000 Master code
RAAS Corn Island 82100 Master code
RAAS Kukrahill 82200 Master code
RAAS El Rama 82300 Master code
RAAS Muelle de los Bueyes 82400 Master code
RAAS Nueva Guinea 82500 Master code
RAAS Laguna de Perlas 82600 Master code
RAAS El Tortuguero 82700 Master code
RAAS El Ayote 82800 Master code
RAAS Desembocadura de Cruz Río Grande 82900 Master code
RAAS Cruz del Río Grande 83100 Master code
RAAS Paiwas 83200 Master code
Rio San Juan San Carlos 91000 Master code
Rio San Juan San Miguelito 92100 Master code
Rio San Juan El Castillo 92200 Master code
Rio San Juan El Almendro 92300 Master code
Rio San Juan Morrito 92400 Master code
Rio San Juan San Juan de Nicaragua 92500 Master code

Banking In Nicaragua – SWIFT Codes

SWIFT Code logoA key element of investing in Nicaragua is paying for an acquisition. Also, if it is a business being purchased or a new business being established, funds will need to be transferred to the business bank account. Fortunately, funds can be transferred to banks in Nicaragua from anywhere in the world using SWIFT codes. Most major banks use SWIFT codes.

SWIFT code is a standard Bank Identifier Code (BIC). Each bank has a unique identification code that is used when transferring money from bank to bank, especially in the case of international wire transfers.

A SWIFT code consists of eight (8) or eleven (11) characters. If only 8 digits are given, the code refers to the primary office. The SWIFT code format is: AAAA BB CC DDD

AAAA – Four characters denoting the bank code, letters only.

BB – ISO 3166-1 alpha – 2 country code, letters only.

CC – location code, letters and digits. (Note: passive participant will have “1” as the second character)

DDD – branch code, used only if applicable, letters and digits.

There are over 40,000 “live” SWIFT codes. A “live” code is the SWIFT code issued to a partner bank that is connected to the SWIFT network. There are more than 50,000 additional code used for manual transactions. These additional codes are for the passive participants. The number naturally fluctuates as new banks open, other’s close, banks merge and/or banks join or leave the SWIFT code partnership.

SWIFT Code registrations are managed by the Society for Worldwide Interbank Financial Telecommunication (“SWIFT”), which is headquartered in La Hulpe, Belgium.

Below are the SWIFT codes of Nicaraguan banks connected to SWIFT network. The passive participant’s codes are not included in the list.

BANCO CENTRAL DE NICARAGUA
BANCO CITIBANK DE NICARAGUA, S.A.
BANCO DE AMERICA CENTRAL
BANCO DE FINANZAS, S.A.(BDF)
BANCO DE LA PRODUCCION S.A.
BANCO LAFISE BANCENTRO, S.A.
BANCO PROCREDIT NICARAGUA
MANAGUA
MANAGUA
MANAGUA
MANAGUA
MANAGUA
MANAGUA
MANAGUA
BCNINIMA
BUNONIMA
BAMCNIMA
BBDFNIMA
BAPRNIMA
BCCENIMA
PRCBNIMA

 

If you have any questions about SWIFT codes contact your bank, or contact Nica Investments.

Confusion Is Normal When Shopping For Real Estate In Nicaragua

4 for sales signs on one propertyAnyone looking for real estate in Nicaragua who actually visits the country discovers there’s a glaring difference between online shopping and being here looking for a buying opportunity. It’s an understatement to say that it is confusing compared to the nice, tidy websites with posted prices.

The first shock most people have to deal with is that there’s no “listing agent”. Every property in Nicaragua is offered for sale by the owner… no matter what prospective buyers may believe or have been told. True, some sellers don’t want to bother with the selling process so may use the services of a go between. However, that go between can be anyone… a property manager, a lawyer, a relative or friend, or a “merchant” specializing in real estate. I say “merchant” because there is no such thing as a “real estate brokerage” in Nicaragua. At least not as a North American or European would understand the term to represent. Anyone can sell real estate, no matter if they have any prior experience or training of any kind.

Nica Investments only deals with the owners of property seeking to sell or lease. The mandate the company operates under is to advise clients seeking to purchase real estate as to the true value of a property, the potential for equity gain and/or income from a property, what renovations may be required and the cost, and if there are any grounds for concern surrounding a specific property. We’ll then walk clients through the purchase process and assure the property is transferred without incident.

Nica Investments does not add on an amount over and above what the seller wishes to receive as a commission. This is the norm in Nicaragua. A seller will offer a property to “selling agents” at what the seller wants, net. The agent must then add on an amount over and above that sum. Nica Investment clients retain our services on a per diem basis, and task Nica Investments with negotiating the best terms and purchase price possible directly from the seller.

Nica Investments also negotiates leases, which in Nicaragua is often a more advantageous approach to securing a property for business use. See Which Is Better – To Rent Or Buy for more information about leasing over purchasing property in Nicaragua.

Nica Investments does not maintain a list of properties for sale or rent, “listings” as a prospective renter or purchaser from North America or Europe would expect to see. There is no point. We do inform clients of outstanding properties through our newsletter or on our website, under Investment Opportunities. However, these properties are being offer for sale by owners. Nica Investments deems these properties we highlight to be exceptional because of price, location, size, view or a combination of these reasons.

If a property is priced well it sells quickly. Too quickly to make advertising it practical. Such properties Nica Investments will inform clients of directly via email and open negotiations on behalf of a client who retains us to do so.

If a property is overpriced or has issues prohibiting its being sold, it will last long enough to make advertising it worthwhile. However, it’s unlikely to sell quickly so it’s a waste of time and energy in most cases. Besides, in Nicaragua virtually every property in private hands is for sale. There are rare exceptions, but well over 90% of homes, raw land and commercial properties throughout Nicaragua can be purchased from the owner whether or not it is being overtly offered for sale.

What Nica Investments does is source properties that meet the client’s parameters. These parameters are type of property, price range, location, land use, size, and so on. We then approach the owners of properties that meet our clients’ criteria directly and attempt to negotiate an equitable agreement to purchase or lease.

To learn more about purchasing or leasing property in Nicaragua, sub scribe to our newsletter, follow us on Twitter or Facebook, or contact us.

Buying Real Estate in Nicaragua

MombachoIf you’re planning to invest in real estate in Nicaragua it is important to use common sense. There is an old saying, “If it seems too good to be true, it probably is.” Caveat Emptor, “buyer beware”, applies in all real estate purchases the world over, but is especially applicable when buying property in Nicaragua.

Do your due diligence…

Nicaragua employs a civil law system. This differs from the common law system of the United States, Canada and European nations. Civil law is based solely on statutes, so there’s no facility to reach a compromise resolution should problems arise.

The official language for all real estate transactions in Nicaragua is Spanish. However, it is possible for an English contract to be legally binding. The English language contract is only legally binding though if it is presented to the court. The contract will have to be translated into Spanish, after which a judge will interpret the contract, and verify the signatures. The judge’s interpretation of the contract will be binding, even if that interpretation is not exactly how the buyer and/or seller understood the transaction it to be.

Hotel de Sonrisas, Granada, Nicaragua

Court proceeding in Nicaragua take time… months, sometimes years. So you do not want to have to depend on judicial arbitration to resolve any issues that arise while purchasing a property. Therefore it’s imperative to have all the i’s dotted and the t’s crossed. Half of the clients Nica Investments serves are purchasers who seek assistance in sorting out a real estate purchase that has gone bad.

Following are some tips to help with a purchaser’s due diligence and to avoid problems:

  • Hire An Attorney – Have your own attorney capable of speaking your language. Your lawyer will look out for your interests. Do not depend on an attorney hired by the seller or the seller’s agent.
  • Conduct A Thorough Title Search – Be sure to carefully review the chain of title to the land being purchased. The chain of title to be reviewed must trace back at least 30 years. If the property being purchased is located on any body of water, even a river, the full chain of title dating back to before 1917 is required.
  • Agreement To Purchase Terms – Be sure the agreement states the purchaser will receive a free and clear title without any encumbrances, including mortgages. There must also be a clause stating that the purchaser will be released from any purchase obligation if there is a serious issue with the title, and that any deposit will be returned.
  • Make Sure the Property is Properly Surveyed – Assure that the survey marks all the corners of the lot. Also, be sure the survey is an approved, official (cadastral) survey, which will bear the official stamp and a signature.
  • Escrow and Closing Process – In January 2011, the Nicaraguan National Assembly approved a new Trust Law. Unfortunately the regulations have not been issued yet. Local companies are already offering escrow services but it isn’t wise to use them until the regulations to the Trust Law are approved. If you do you may find you have lost your money. Nica Investments prefers to deal with US banks and take advantage of their escrow services. On rare occasions this insistence has resulted in a seller refusing to cooperate, but most legitimate sellers are happy to work with US banks provided the purchaser is covering any escrow fees and transfer costs.

Securing Your Interest In Nicaragua Real Estate…

It is recommended that all real estate transactions be registered in the Public Registry. This include a purchase, lease, mortgage, possession right or any other transactions. Nicaraguan law isn’t clear as to whether the Public Registry serves as a means to establish property rights or serves merely as a means of publishing an existing right, but it is advisable that any claim to a property be registered. That said, the Nicaraguan legal system does recognize the registration of a title as establishment of property rights, so title must be properly registered with the court.

Different government agencies involved in the registration process in Nicaragua constantly change, while existing agencies add new requirements. These changes to the registration process make the registration of a property title challenging, so it is recommended that purchasers employ the services of a competent lawyer or real estate acquisition consultant like Nica Investments.

Important Differences In Real Estate Transactions…

Worth noting is the fact that “real estate agents” in Nicaragua are not the same as their counterparts in the USA, Canada or Europe. There are no “real estate brokerages” in Nicaragua as foreigners would understand them to be. Nor are there trained, licensed and monitored “real estate agents”. In fact, there is no Nicaragua equivalent to “real estate boards”, nor is there anything like a “Multiple Listing Service” (MLS) that monitors and tracks real estate transactions. To find comparable property values one has to search titles. Unfortunately this can be a futile effort because often the selling price is reduced so the buyer will pay less transfer tax, or the price is inflated to secure more financing from an institutional lender.

Only owners of a property sell their real estate. Anyone presenting themselves as the seller’s agent is generally a middle man, with the exception of estate lawyers. In most cases the seller has demanded a net amount they want and these middle men will add on a profit margin for themselves. The additional amount is often significant, far more than the few percent USA, Canadian and European realtors could hope to receive. This is in part due to the need to have a negotiating cushion, but of course greed is a factor too.

There are rare occasions when an agent for the seller is granted an exclusive right to sell a property on behalf of the owner. If you’re told such an agreement exists, demand to see it. I’ve yet to be shown anything granting exclusivity other than by lawyers in possession of a Power of Attorney. However, I’m not saying that there may not be exclusive agreements a seller and an agent entered into… just that I have never seen one. If no exclusivity exists it’s possible the same property will be advertised by other agents for more or less money, so research is recommended.

All real estate transactions must be carried out through a Public Deed (known as an Escritura Pública), to be legally binding in Nicaragua. The Public Deed must be written in Spanish and it is the responsibility of the purchaser to retain a translator if he or she does not understand the language.

When purchasing a property the buyer must make sure that the public deed transfers possession and ownership, that the size of the property is verified with a surveyor’s map, and bounds are detailed in the title document, and it’s approved by the Cadastral Office. The purchaser must physically inspect the property to ensure that it’s in accordance with the topographers’ map and the property description on the Public Deed.

The purchaser is advised to insist on vacant tenancy. If anyone is living on land, domiciled inside a main or out building, or a tenant in a residential or commercial property, insist that the seller have them vacate. It can be a lengthy and costly undertaking to remove both legal tenants and squatters. No matter what relationship the seller says the occupant has, insist that the seller will provide vacant tenancy, and that includes the seller if it’s the seller’s home being offered for sale. I personally know of two cases where the seller was paid the full amount of the purchase then refused to vacate the property. These were not transactions I was involved in, but I know of the buyers’ trials and tribulations.

Special Laws, Rules And Regulations…

Depending on the type or origin of property being purchased or leased, special regulations may affect properties rights.

Coastal Law

The 2009 Coastal Law applies to property bordering beaches, rivers, lagoons or lakes, or any other body of water. The Coastal Law regulates private and public domain, coastal access, as well as the use and development of properties located in these areas.

According to the law, the open area between low and hide tide, plus 50 meters from the high tide mark is open to public use. Regulations established in this act may also affect ownership, use, construction, lease, and possession rights beyond the 50 meter boundary with such properties. Real estate transactions involving waterfront properties require a thorough due diligence that traces back the title to before 1917, or to when the title originated.

No Objection Letter (Carta de No Objeción)

The Attorney General’s Office requires a No Objection Letter to register real estate that historically belonged to the Nicaraguan state, or are coastal properties, properties previously owned by cooperatives, titles that are based on a Supplementary Title, and properties whose titles were obtained through Laws 85, 86 and 88.

Registration of titles of properties that fall under one of these categories is not possible without a No Objection Letter. Once you initiate the registration process of one of these properties, the Cadastral Office will request this letter. Once registration goes through the Cadastral Office, the Public Registry will also request the No Objection Letter.

The process to obtain a No Objection Letter can vary from time to time. It is recommended a purchaser visit the Attorney General’s webpage at www.pgr.gob.ni for the latest requirements. It is also recommended that the services of an attorney or competent real estate acquisition consultant be retained. Failure to obtain a No Objection Letter will result in a denial of the registration of a title. The best approach is to insist that the seller of a property falling under a category requiring a No Objection Letter provides it, or an official document stating a No Objection Letter is not required.

Border Law

The 2010 Border Law prohibits foreign ownership of some properties located along the border. It is necessary to confirm the status of any property within close proximity of any of Nicaragua’s land borders. A good rule of thumb is to assume all properties within ten (10) kilometers of a border fall within the 2010 Border Law restrictions.

Indigenous Community Properties

Properties that belong to indigenous communities fall under special regulations and ownership is not transferable. This is important to know because there are people actively trying to sell land belonging to indigenous communities. It is possible to acquire concessions or lease rights, but it is not recommended to do so because any disputes over rights that may arise are difficult to settle. Environmental use and development laws also apply to a vast majority of properties owned by indigenous communities. Many of these properties cannot be used to build on. Nica Investments policy is to avoid properties belonging to indigenous communities.

Conclusion

What has been shared here is current as far as the rules, regulations and laws pertaining to real estate purchases in Nicaragua as of January 1, 2017. The one constant in Nicaragua real estate investing though is that nothing is constant. Rules and regulations change, and occasionally new laws are passed or existing laws modified. It is strongly advised that anyone looking to invest in Nicaragua real estate engage Nica Investments as their acquisition consultant and/or retain the services of a reputable and competent Nicaraguan attorney. Doing so will assure your property buying experience goes smoothly and disappointment is avoided.

Manufacturing In Nicaragua

Nicaragua has been making the news in international media, heralded as one of the world’s best kept secrets as far as affordable tourist destinations are concerned. True, but Nicaragua may not remain a secret much longer because of its increasing popularity as a retirement destination, and as a developing economy, it’s attracting foreign investment in its manufacturing section. Nicaragua’s location in the heart of the Americas means the country is in the perfect position to be a highly competitive export platform to world markets.

Nicaragua has become a very attractive investment prospect for export manufacturers. Because of its high productivity rates, competitive labor costs, close proximity to major markets, significantly improved infrastructure, benefits of being a DR-CAFTA member, attractive investment incentives, and the country’s Interpol rating as Central America’s safest nation, Nicaragua is the place for foreign investment.

Nicaragua’s textile and apparel industry accounts for nearly 60% of total free zone exports. The industry generates US$1.4 billion in earnings and employs 70,000+ people. “Made in Nicaragua” apparel is sold in the USA by major retail chains such as Target, JC Penney, Wal-Mart, and Kohl’s. Likewise, renowned international brands like Adidas, GAP, Liz Claiborne, Wilson, Under Armour, Wrangler, Levi’s, Lee Jeans, Patagonia, North Face, Docker’s and Dickies all trust their brands to Nicaraguan manufacturers.

New Masaya Industrial

Masaya Industrial Park – photo courtesy qcostarica.com

In a study titled “Benchmarking the of Nicaragua’s Apparel Industry”, conducted by O’Rourke Group Partners, it was found that Nicaragua is not only a competitive option for sourcing numerous apparel products in this hemisphere, but in some cases compares to China, Vietnam and Bangladesh.

Furthermore, Nicaragua offers some of the most competitive labor costs in the region, making it an ideal investment destination for labor-intensive operations.

Nicaragua has actively engaged in negotiations to enable the country to integrate into the global economy. As a result, Nicaragua has gained preferential access to key markets such as the USA, Mexico and Europe. Still, the country continues to seek opportunities to further assure its successful engagement in world trade.

Nicaragua is part of the Central American Common (MCCA) and has established free-trade agreements with Mexico, Dominican Republic, the United States, Panama, Chile, and the European Union. The country also benefits from the Generalized System of Preferences (GSP) with countries such as Canada, Norway, Russia, Switzerland and Japan, and has signed bilateral investment treaties with a number of countries to promote and protect investments. In total, Nicaragua has earned preferential access to a global market of over 1.5 billion people.

The population of Nicaragua is young overall, with 77% being under the age of 39. The country’s labor force is approximately 3.2 million and one of the most competitive and productive in the region. Nicaragua also has a large number of English speaking professionals who have been educated and trained abroad.

The Government of Nicaragua has focused its efforts on improving the country’s business climate. It has created an Advisory Board, whose responsibility is implementing policies, structures and programs for investment and export promotion with the purpose of fostering the country’s economic growth.

To learn more about opportunities available investing in Nicaragua’s manufacturing sector, contact Nica Investments.

Tourism In Nicaragua

Tourism in Nicaragua has grown to become the country’s second largest industry. Tourism is expected to continue its almost 10% annual growth as well, because President Daniel Ortega has stated his intention is to use tourism to help alleviate the nation’s poverty. To this end, Law 360 was decreed. The law offers foreign investors in tourism the best investment incentives in all of the Americas.

Adding to its popularity as a vacation destination, Nicaragua has the lowest crime rate in Latin America according to Interpol, with only 12 crimes for every 100,000 citizens.

Click here to visit HotelLaCalzada.com

Nicaragua only has one international airport, Managua’s Augusto C. Sandino International Airport, which efficiently welcomes more than 1.3 million tourists annually (2016). Two-thirds of these tourists were from other Central American countries, 290,000+ were from North America and 80,000+ from Europe. Of those that come for recreation, their principal activities include surfing, hiking volcanoes and enjoying the country’s unique, natural beauty.

GranadaAccording to the INTUR, the Ministry of Tourism of Nicaragua, the colonial city of Granada is the preferred destination for tourists. The city’s central park hosts many vendors of traditional foods, as well as arts and crafts. Line up along the west side of the part are horse drawn carriages for visitors to take an affordable tour of the city. If your understanding of Spanish is limited, be sure to select a carriage driven by a guide who speaks your language because their knowledge of the city and its historical sites is both interesting and informative.

Just outside the Granada city limits visitors are able to take boat tours of the Granada Islets, or visit Mombacho Volcano, a popular day trip for anyone interesting in doing a little hiking up into a cloud forest. Laguna de Apoyo is another popular destination for tourists visiting Granada.

The cities of León, Masaya, Rivas, and San Juan del Sur are also popular tourist destinations. Cruise ships have been docking in San Juan del Sur since January 2000, bringing with them an average of 50,000 tourists annually.

The Corn Islands, located about 70 km east off the Caribbean coast of Nicaragua, near Bluefields, is another popular tourist destination.

Rural and community based tourism

CECOCAFEN is an organization of coffee cooperatives in Northern Nicaragua that manage a rural and community based tourism project. The project was developed with support from Lutheran World Relief. Tourism provides farmers with new opportunities in alternative markets and diversify their income. CECOCAFEN offers visitors the opportunity to visit a coffee farm, learn about coffee craftsmanship, stay overnight on a coffee farm and explore the area with a community guide.

Eco-tourism

Home to 78 protected areas covering over 20% of its landmass, Nicaragua is home to 7% of the world’s biodiversity. This is more than Costa Rica. With so much biodiversity, the country’s tourism industry has develop a popular eco-tourism sub sector.

Ecological tourism aims to be ecologically and socially conscious. It focuses on local culture, wilderness, and adventure. Nicaragua’s eco-tourism grows every year, with three principle eco-regions, Pacific, Central and Atlantic, which contain volcanoes, tropical rain forests and agricultural land.

Hotel de Sonrisas, Granada, Nicaragua

Nicaragua is home to the largest lake in Central America, about 700 species of birds, and an abundance of unspoiled natural beauty. Despite all this, it is still the least visited country in the region. However, the lower number of tourists keep prices low and add an “off-the-beaten-track” appeal to the country.

Nicaragua is also home to Bosawas, located in Northern Nicaragua, which is the largest rainforest north of the Amazon in Brazil. It also holds the largest lake in Central America, Lake Cocibolca, also known as Lake Nicaragua. Lake Cocibolca attracts a great many tourists annually, most of whom visit Ometepe, a large volcanic island formed by two volcanoes, where they explore the flora and fauna found in the Charco Verde Nature Reserve.

Nicaragua’s rich biodiversity also attracts many tourists to protected areas such as the Indio Maíz Biological Reserve, which holds a higher number in species of trees, birds, and insects than all of Europe combined.

Visa regulations (2016)

Tourists from Afghanistan, Albania, Angola, Armenia, Bosnia and Herzegovina, China, Cuba, Ecuador, Ghana, Haiti, Iraq, Jordan, Lebanon, Liberia, Mali, Mozambique, Nepal, Nigeria, North Korea, Pakistan, the Palestinian National Authority, Romania, Sierra Leone, Somalia, Sri Lanka, Sudan, Syria, Vietnam and Yemen require a visa to enter Nicaragua.

Other tourists can obtain a Tourist Card for US$10 valid for up to 90 days upon arrival, provided the visitor is in possession of a valid passport with at least six months left before expiry. There is also a US$32 departure tax that is usually included in a round-trip airline or cruise ship ticket. However the departure tax is not usually included in the price of a bus ticket, and of course must be paid by visitors who arrived by car or private boat.

The Steps Involved In Transferring Nicaragua Real Estate

I generally take care of the following steps for my clients, whether they’re buyers or sellers. However, I thought I’d share the steps that must be gone through so my clients can appreciate a few of the many formalities I attend to on their behalf. Also I want to be sure anyone wanting to go it alone is properly informed as to the steps required and which party to a transaction is expected to handle which aspects.

las_penitas_beach

Las Penitas Beach. Photo by AirTransat

These steps are based on the assumption the property is already registered and that there will be no change of use involved. In the case of a property being purchased that is to be subdivided from a larger parcel of land, and a new title created, or the current use of the land is to be changed, additional steps are required.

1. Obtain a Libertad de gravamen (non-encumbrance certificate) from the Registro Público de la Propiedad Inmueble y Mercantil (Land Registry)

The non-encumbrance certificate, or libertad de gravamen, is an official document that shows all the encumbrances that are currently on the property. It also lists all of the owners of the property since its first annotation. The certificate must be obtained by the seller before starting the transaction formally.

A certificado a manera de titulo (Title) is required to apply for the non-encumbrance certificate. A replacement title can be obtained from the registry if the original title has been lost. The cost is NIO 100.

A certificado de historia registral (certificate of historical registration), is a document related to the non-encumbrance certificate. It is a list of all previous transactions related to the property. This document will list transfers and re-registration of the title. This document can obtained at a cost of NIO 100. An additional fee of NIO 50 is required for every additional past transaction listed.

2. Obtain a Solvencia Municipal (tax clearance certificate) from the Municipality. A tax clearance certificate must be obtained by the seller from the municipality. Provided the seller is up to date with tax payments it should take only one day to receive the tax clearance certificate. The fee is NIO 20 to receive the document immediately, or if it is possible to wait until the next business day it is free of charge.

3. Next, a notary must prepare and sign the public deed. A notary public prepares and notarizes the public deed of purchase and sell between seller and buyer. The preparation of the deed is an exclusive act of the notary. The notary will review all past transactions from the record book at the Land Registry using the documents obtained above, and verify the ownership of the property.

Notaries generally estimate their fees for this service based on a percent, which varies between 1.5 and 2% of the property value according to agreement between the parties and notary. Allow 2 days for this phase of the process.

4. Obtain the Cadastre certificate at INETER (National cadastre). INETER is the national cadastre and is in charge of surveying the land and keeping a database on the plots and boundaries. This certificate is necessary to obtain the cadastre valuation at the DGI. This step requires 2 weeks and the fee is NIO 300.

5. Obtain Cadastre valuation at the DGI. Parties to a real estate transaction must obtain the Cadastre Certificate and request a valuation from an inspector. In practice, the Cadastre requires a special power be granted to notaries or any other person when the interested parties cannot themselves manage this procedure. The closest similarity to North American or European proceedures would be the issuing of a limited power of attorney. If the parties can go to the Cadastre themselves, they do not need to grant anyone a special power to act on their behalf. The Cadastre will require the original property title (that of the Seller).

This step in the process requires about 21 days and costs NIO 50 and is paid using Tax Stamps. In cases in which a special power must be granted, the costs rises of course. It will cost about C$ 2,000 in fees for the person who will go to the Cadastre, and C$ 1,000 for the notary who will previously authorize and issue the special power.

6. After the cadastral certificate is obtained, an inspector from the Catastro fiscal – Direccion General de Ingresos will visits property to assess value. Generally it is required to pick up the inspector and drive he or she to the property. It will take the inspector about one week to write the report on the value. The cost is 20 Cordobas and it usually takes from 2 to 3 days for the inspector to have time to inspect the property.

7. Payment of Income/Transfer Tax at the Administracion de Rentas – Direccion General de Ingresos, or Tax Administration Office. This is an agency of the Treasury Ministry. The percent to be paid is established depending on the Cadastre Value. The Cadastre value usually not the same as the market price. For the payment of the transfer taxes, the fiscal authority takes as a base of calculation the highest value between the sale price in the public deed of purchase and Cadastral value. Fees of NIO 4 + 2 stamps of NIO 10 need to be paid to make the payment.

The transfer tax rate of 1% was established by an injunction (“amparo”) declaring the increase of the 2003 Ley de Queda Fiscal unconstitutional. An amendment to the Nicaraguan fiscal law entered into force on January 1st, 2010 (Law 712 published in the official Gazette No. 241 of December 21st 2009), changing the tax according to the following sliding scale, from 1% of the value of the property to the following percentages: 1% for properties with a value between US$1.00 and US$50,000.00, 2% for values between US$50,000.01 and US$100,000.00 and 3% for values above US$100,000.01. According to Article 87 of the new Tax, the property the transfer tax is calculated and paid as follows: 1% for properties with a value between USD1.00 and USD 50,000.00, 2% for values between USD 50,000.01 and USD 100,000.00 and 3% for values between USD 100,000.01 and USD 200,000.00 and 4% for values above USD 200,001. Fees of NIO 4 + 2 stamps of NIO 10 need to be paid to make the payment.

8. Apply for registration of the public deed at the Registro Público de la Propiedad Inmueble y Mercantil. In English Land Registry or Real Estate Registry. Parties file the public deed at the Land Registry for its proper registration. The amount is calculated based on 1% of the cadastral value, with a maximum fee of NIO 30,000. This payment is made directly at the branch of a commercial bank that is located inside the Land Registry Office. The notary applying for registration will charge C$500 as fees. At submission, the request for transfer is recorded, signaling priority rights over the property. The registration of property transfers is very slow and can take longer than 90 days. When finalized, the Land registry will write in the original deed, the book and page where the transfer was recorded. This document is then returned to the notary with all the other certificates provided. The Land registry operates with paper documents. However, the sale deeds are scanned and almost all past records are digitized in Managua. In the rest of the departments in the country, records are not always accessible digitally. Newer transactions (less than 1 year) are not always digitized. Any person can access past deeds with computers at the Land registry at no cost. It is possible to track the status of the deed registration online through the website: www.registropublico.gob.ni/servicios/consultatramite.aspx.

15 days is an expedited procedure. 1% of cadastral value is the registration fee and NIO 500 notary’s fees + 20% of the registration fee for the expedited Procedure.

9. Apply for name change at the Municipal cadastre. The new owner needs to update the records at the municipal cadastre in order to be able to pay the real estate taxes. It should taken only 1 day and there is no cost.

As always, if you have any questions about purchasing, renting or selling real estate in Nicaragua, contact us.

The Word On Living & Investing In Nicaragua

Regardless of what your opinion is of global agencies, such as the United Nations, International Monetary Fund or the World Bank, you have to agree they provide checks and balances in matters of international politics, financing, trade and commerce. Of the 196 countries in the world, 193 of which are members of the United Nations, many need the services and stewardship of these international agencies. Unfortunately, few of those in need actually heed the advice and guidance provided… and usually suffer for not doing so. Nicaragua is not one of those nations. What the World Bank has to say about Nicaragua speaks volumes…

Despite global economic turbulence, Nicaragua has stood out for maintaining growth levels above the average for Latin America and the Caribbean. Disciplined macroeconomic policies, combined with a steady expansion of exports and foreign direct investment, helped Nicaragua to weather the global economic crisis of 2008-09 and rising food and oil prices. By 2011, growth had accelerated to reach a record 6.2 percent, later declining to 3.9 percent in 2015, the lowest rate in the last five years. GDP growth for 2016 is expected to reach 4.4 percent, among the highest rates in Central America. Foreign direct investment and trade also shows an improved outlook.

I’m on the ground in Nicaragua. I’ve been here permanently since July 26, 2014 and visited a great many times before I made the final move. I have seen with my own eyes benefits from foreign investment and the overall improvement of the standard of living it provides the Nicaraguan people. And I have been amazed at the pace of change. There is room for more improvement of course, more investment that is likely to generate impressive returns. But the steady, upward march is comforting, as well as awe inspiring considering Nicaragua is still one of the poorest nations in the Americas.

Nicaragua on the globeIn a world plagued by political and civil unrest, financial chaos, and religious persecution, it baffles me why the steady trickle of foreign investment in Nicaragua has not already turned into a flood. Maybe it is because I’m here and can see with my own eyes that the objections people come up with for not investing in Nicaragua are misguided, based on misinformation, or, more likely, fear based.

By fear based, I’m not talking about fear for personal safety. Nicaragua is the safest country in Central America, and one of the safest in all of the Americas… far safer than the USA. What I refer to is a fear of stepping outside the box.

So many people I talk to who want to retire somewhere affordable, somewhere where they can live well on their pension income, never make the move.

It’s much the same with investors and entrepreneurs. I present opportunities that promise excellent returns. What I say fails to reach deep enough to alleviate their fears. Investors and entrepreneurs are no different than retiring pensioners. They too fear the unknown. More comfortable in a market that has a 9 to 1 failure rate in virtually ever economic sector, they’d sooner slug it out for single digit returns where they feel comfortable than pursue greater returns in another market.

Retiring To Nicaragua

The real reason people dream of retirement in a tropical paradise never act is because they’re afraid of the unknown. Unhappiness with one’s life often isn’t enough to motivate someone to step through a door they’ve never been through before. The known may be a life that sucks the very soul from a person, but it’s familiar. The unfamiliar is scary.

All I can do for folks wanting to have a comfortable retirement on the same fixed income they’d struggle with back home is present the facts, make suggestions, give advice, and provide assistance if needed. I can not force someone to move outside their comfort zone, no matter how much I think they’ll benefit from doing so.

Investing In Nicaragua

Passive investments in Nicaragua generate a higher ROI then anywhere else I’ve been in the world, and I’ve lived and worked in a great many countries. The returns possible in Nicaragua are good and the investments safe, but they’re investments in an unfamiliar market. There are slightly different laws, rules, and regulations. The language is different and the culture unfamiliar. It’s new, it’s scary. I understand.

As with retirees looking for somewhere to relocate to, I can only advise investors and entrepreneurs. Lead them by the hand if that’s what they wish. But I can not force opportunities on anyone that is tied down and unwilling to have the ropes cut.

Conclusion

Nicaragua is a safe place to live and invest in. I know this because I am here. I can source opportunities, advise on how to capitalize on those opportunities, and even help with hands on support. But as saying goes, “You can lead a horse to water, but you can’t make it drink.”

If you’re someone looking to retire or invest in Nicaragua, contact me. Let’s discuss your specific wants, needs and desires and see if you’ll not agree with me that Nicaragua is where you should be.

Ref: http://www.worldbank.org/en/country/nicaragua/overview

Nicaragua Offers Excellent Investment Opportunities

Pacific coast sunsetNicaragua has one of the fastest growing GDP rates in Central America. Unlike many other nations, Nicaragua has complied with IMF demands to cut its deficit, implement structural reforms, and maintain overall monetary stability. As a result, Nicaragua is set to benefit from rapid and sustained economic growth in the years ahead. To further assure the nation enjoys economic growth, the government has passed several laws designed to attract and protect foreign investors. Direct foreign investment has grown steadily since the mid 1990s, with a third of all investment coming from the United States. Foreign investment is mostly focused on agriculture, construction, services, manufacturing, mining, energy, and tourism.

There Are Very Few Restrictions To Foreign Investment In Nicaragua

Nicaragua has privatized nearly all the once state owned monopolies. Doing so has dramatically reduced the amount of government bureaucracy that previously challenged investors. In fact, a foreign investment law ensures that investors can repatriate 100% of profits from day one. After three years investors are able to repatriate their initial investment as well.

There are no legal grounds for discrimination against foreign investors, and there are no restrictive visas or work permits required that may inhibit investment. Laws already in place allow for 100% foreign ownership in all economic sectors.

Investing in Nicaragua Is Safe

Contrary to wide spread misinformation, Nicaragua is a stable and safe country for investment. Nicaragua is one of the safest country in all of the Americas. In fact, Nicaragua has a lower reported crime rate than the USA, France and Germany according to a United Nations-Interpol study.

Tourism Businesses Are Tax Free For Up To 10 Years

INTUR Logo

Logo of INTUR

I recommend to clients thinking of making an investment in Nicaragua to consider doing so within the tourism industry. Nicaragua has already been discovered as an affordable vacation destination, with tourism growing at an annual rate of approximately 9%. INTUR continues the promotion of Nicaragua as a tourist destination, assuring future growth.

The Nicaragua government appreciates that an improved tourism infrastructure will further enhance visitor traffic and is committed to provide the incentives necessary to realize that growth.

Nicaragua’s Law 306 was enacted in September 1999 to attract investment in the tourist industry. It is not only the most attractive, but also the most aggressive tourism investment incentive law in Latin America. Tourism infrastructure businesses that qualify for incentives run the gambit of B&Bs, hotels, eco resorts, tour operations and such.

Law 360 is broad in scope and offers investors benefits that are hard to beat. If a business qualifies, it pays no income or real estate taxes for up to 10 years. Also, investors can import or purchase locally all that is needed to operate the business; furniture, linen, cleaning supplies, even vehicles and boats, totally tax free.

The application and approval process is straight-forward. INTUR, the federal government tourism agency, cuts through the red tape and outlines very clearly what investors need to do. The process is quick too. Law 360 allows INTUR just 60 days to approve an application. Depending on the type of project, an investment of only $30,000 is all it takes to qualify for these benefits.

To recap, Law 306 offers investors:

  • Pay no income taxes for up to 10 years
  • Pay no real estate taxes for up to 10 years
  • Import all the supplies and materials needed tax free
  • Local purchases of goods and services are tax free for up to 10 years

Nicaragua tourism is an industry worth considering. A virtually nonexistent industry back in the 1990s, tourism is now Nicaragua’s top income producer and second largest employment sector, following only agriculture. I strongly recommend considering investment in Nicaragua for anyone interested in the tourism industry.

If you have any questions regarding investment in Nicaragua, please feel free to contact Nica Investments.

Nicaragua Agriculture

Nicaragua Coffee Beans

Coffee is one of Nicaragua’s principle export crops.

Nicaragua’s economy is predominantly agricultural. Arable land is approximately 6,100,000 acres, or about 21% of the country’s total land area. The planting season for most crops begins in May, immediately before the rainy season. The harvest season begins in November and lasts through January.

The main agricultural exports are coffee, cotton, sugar, and bananas. Non-traditional export crops such as honeydew melons, cantaloupe, sesame seed, onions, baby corn, asparagus, artichokes, and cut flowers are seeing increased production. Sorghum, cacao, yucca, tobacco, plantains, as well as various fruits and vegetables are produced mainly for local markets.

The agriculture industry in Nicaragua is the country’s number one employer, employing approximately 45% of the national workforce. Unfortunately it is also a seasonal employer with the majority of workers only employed while planting and harvesting.

Agricultural Products

Coffee

Large-scale coffee growing began in Nicaragua in the 1850s. By 1870 coffee was Nicaragua’s principal export crop, and remained so for the next 100 years. Coffee grows only in the rich volcanic soil found on mountainous terrain, often making transportation of the crop to the market challenging. Road improvements throughout the country is helping to alleviate the transportation challenges, but many rural roads serving coffee plantations are still unpaved.

Production is centered in the northern part of the central highlands north and east of Estelí, and also in the hilly volcanic region around Jinotepe.

Cotton

Cotton was a latecomer to Nicaraguan agriculture, but quickly became the nation’s second largest export crop. Cotton became feasible as an export crop in the 1950s when pesticides were developed that permitted high yields in tropical climates. Cotton soon became the crop of choice for large landowners along the central Pacific coast.

Lack of credit for planting, depressed world cotton prices, and competition from Chile discouraged cotton production in the mid 1980s. Cotton production is still a significant export crop but nowhere near what it once was.

Bananas

Bananas, a native fruit of tropical Asia, were introduced to Nicaragua early in the colonial period. Small plots of the Gros Michel variety of banana were planted for export but political turmoil and transportation difficulties limited exports. Additionally, United States companies developed banana production in neighboring countries, so Nicaragua’s potential remained underdeveloped.

Politics and and outbreak of Panama disease in the 20th century kept banana production low. Panama disease is a fungus that kills the plant’s underground stem, virtually wiping out most of the banana plantations.

New plants of the Valery and Giant Cavendish variety were planted. Although Cavendish bananas yield three times the harvest of the older Gros Michel species, Cavendish bananas are more difficult to harvest and transport. They bruise easily and must be picked early and crated in the fields for transport.

Most banana production is in the Pacific lowlands, in an area extending north from Lago de Managua to the Golfo de Fonseca.

Sugar

Much of lowland Nicaragua has a climate conducive to growing sugarcane. Most sugarcane is processed into whitish centrifugal sugar, the raw sugar of international commerce. Some plants further process the sugarcane into refined granulated sugar.

Livestock

The first cattle were brought to Nicaragua by the Spanish in the 16th century. Drier areas on the western slopes of the central highlands were ideal for cattle raising, and by the mid-18th century, a wealthy elite whose riches were based on raising livestock, controlled León, Nicaragua’s colonial capital. In the late 20th century cattle raising was concentrated in the areas east of Lago de Managua.

Most beef animals are improved zebu strains. Smaller herds of dairy cattle, mostly Jersey, Guernsey, or Holstein breeds are found near population centers. A breed that is unique to Nicaragua is the La Reina. La Reina cattle possess genes that make them heat tolerant, a very useful breed in Nicaragua that are used for meat, dairy, and work purposes.

Other Crops

Tobacco and sesame are both produced for export. The first African palm oil plantations were established in the Caribbean lowlands and began production in 1990. Beans, corn, rice, and sorghum continue to be widely grown and consumed domestically.