Nicaragua: Property Registration Fees Lowered

From January there will be a fall of up to 50% in rates for registry services for the registration of assets, rights and guarantees for SMEs.

Monday, December 7, 2015

The National Assembly approved the rates for public registrations in the national registration system, which will take effect on January 1, 2016.

"... With the reform, the productive sector, mainly agriculturalists, will pay 50 percent less than what they are currently paying for the registration and paying down their mortgages and their collateral. "

"... For example, some of the benefits for agricultural producers are that to pay down a mortgage in this sector 2.00 cordobas will be paid for each 1,000.00 cordobas or part, as long as the amount is less than 200.00 cordobas, and not more than 3,000.00 cordobas. "

See " Fees Act for public registration in the national registration system . "

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