Political and economic turmoil in Nicaragua have been prevalent in recent years, and remain ongoing. With the support of the IMF, Nicaragua has pursued structural reforms and a fiscal discipline policy, allowing the country to establish a certain degree of macroeconomic stability. The political context may improve with the scheduled Nov 2021 elections, and allow Nicaragua to re-engage with international investment community. It’s current Ease of Doing Business ranking is 142/190.
However, Nicaragua is on a path to energy independence. The Generation Expansion Plan for 2019-2033 projects an almost 75% increase in demand, with local renewables aiming to contribute 70% of power generation by 2033. Growth is envisaged in all renewable types but mainly in solar and wind, though hydropower capacity is expected to provide one-third of the renewable supply in 2033.
AUXADI can become your ideal investment partner in Nicaragua. From our office, located in Managua, we offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.