Nicaragua: Incentives for Investment in Tourism

Three bills are being prepared to encourage construction of marinas and condominiums for tourism, and the promotion of sport fishing.

Friday, August 19, 2016

The initiative to reform the Law on Investments in Condominiums is being prepared by the union of construction, tourism and urbanization, and aims to "open the regime of condominiums up to tourism investment" in order to continue forming the basis of infrastructure necessary for the region to consolidate itself as tourism destination.

The proposal will be worked on in conjunction with the Tourism Commission of the National Assembly, whose president, deputy Alfredo Gutierrez said to Laprensa.com.ni that "...Nicaragua needs to have a law such as this as well in order to regulate the participation of public entities in the financing of private condominiums. "

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