Grupo Lala, Pandora and The Estee Lauder Companies are three of the companies who have requested approval to start operations under the SEM regime in the first half of 2017.
Prensa.com reports that "...The other companies that operate under the Multinational Enterprises Regime (SEM by its initials in Spanish) are Hazama Ando Corporation from Japan (advice on general construction and civil engineering services); Mondo Ibérica, S.A. from Spain (sports center facilities, from artificial turf, seating systems, to pavements, etc.); Elbert Software, from Argentina (licensing, import and export of enterprise application software and IT security)."
The arrival of foreign investment to the west of the country is being promoted, in places where there are already companies interested in developing the potential for metal mining in the area.
The Mining Chamber of Nicaragua projects growth of 5% in exports this year compared to 2015, driven by a rebound in gold prices internationally and investments in the sector.Sergio Rios, director of the union, also attributed the positive growth projection to the approximate 5% achieved in production.
A fall in investment flows to the agro-industrial sector accounts for most of the 4.6% decline in foreign investment in the first half of the year, compared to the same period in 2015.
The reduction in investment in the agribusiness sector is the main reason behind the fall of nearly 5% in foreign direct investment in the first six months of the year compared to the same period in 2015.
Less investment, depletion of international reserves and contraction of public spending, in the opinion of Funides, are some of the effects that might be felt if the US Senate approves the bill.
The Nicaraguan Foundation for Economic and Social Development (Funides) has analyzed the potential impact of a possible US approval of the bill known as the "Nica Act", which aims to place conditions on the granting of loans by international institutions to the Ortega administration.
The signing of the FTA with China could open up opportunities for Korean companies to sell turbines to hydro electric stations and invest in energy projects which use other sources.
Kwang Seok Rhee, vice president of the Korean Electric Power Corporation (KEPCO), one of the largest energy companies in South Korea, visited Guatemala as part of a new round of FTA negotiations and told Dca.gob.gt that ". ..'If the FTA is realized it will open up new opportunities to invest in renewable projects, information technology for the power grid, distribution and transmission, as well as a supplier of turbines for hydroelectricity'."
Before the end of the year a government agreement could be ready which would unify the various departments for promoting investment as well as the creation of the Guatemala Trade and Investment entity.
Prensalibre.com reports that "...Rubén Morales, economy minister, said the goal is to manage this body through an executive committee made up of representatives from the public and private sectors, and which would be chaired by the Minister of Economy."
Bucking the historical trend, since 2013 the isthmus has taken off positively as an investment destination compared to other Latin American countries.
A study by the CABI highlights how in recent years the Central American region, including the Dominican Republic, has been "seen with new eyes" by the rest of the world, as demonstrated by a study on Gross Capital Formation and Imports of Capital Goods variables, in Latin American countries.
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PRONicaragua, is the Nicaraguan Investment Promotion Agency, established in 2002. We are a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The Agency provides complimentary support services to qualified investors seeking investment opportunities in our country.
Operates in Nicaragua
Phone: (505) 2270 6400
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