Nicaragua Introduces New Export Free Trade Zone Incentives

Nicaragua has published Law No. 917/2015 in its Official Gazette, which introduces a new tax incentives scheme for export free trade zones. Under the scheme, qualifying companies operating in a zone will be eligible for the following incentives:

• A 10-year income tax exemption holiday, which may be extended a further 10 years, and a 60% income tax exemption once the holiday period expires; and
• An exemption from the following:
  • Capital tax;
  • Stamp duty;
  • Indirect and excise taxes;
  • Export taxes on…