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. "



More on this topic

Law Reforms to Reactivate Tourism

February 2018

A decree reform to promote local tourism, and a bill that would grant tax exemptions for investments in certain tourist sites, are some of the proposals to boost tourism activity in Guatemala.

In addition to the decree that moves holidays to a Monday or Friday in order to favor destinations which are further away by creating long weekends, and the bill that would give tax benefits to investments in tourist sites, authorities at the Guatemalan Institute of Tourism also intend to modify the institution's Organic Law.

Nicaragua: Bureaucracy Slows Tourism Investments

August 2015

Employers claim that at least six projects have been delayed pending analysis by the Board of Tourism Incentives, which has not been in session since the departure of its president two months ago.

There are at least six investment projects in the tourism sector that should have been analyzed by the Board of Tourism Incentives, which, drowning in bureaucracy, is unable to hold sesion because a new president has not been formally chosen.

Nicaragua: $56 million in Tourism Exemptions

June 2014

Up until May incentives have been authorized for 22 tourism investment projects, including the construction of the airport in Costa Esmeralda, for $12 million.

Tourism growth and incentives granted to investment projects in the tourism sector are boosting investment in the country, which, according to estimates by the Nicaraguan Institute of Tourism, will amount to $400 million in the year.

Guatemala: No Promotion of Investment in Tourism

October 2012

Guatemala's hotel sector is concerned about lack of inclusion of the tourism category within the country’s investment promotion policies.

The first version of the National Competitiveness Agenda excludes the tourism sector, confirmed Jaime Day, director of the National Competitiveness Program, who said it would be added in the new version of the agenda.

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