Posted by: Fabiola Urbina | Senior Associate at Alvarado y Asociados

Do Banks have the Right to Request so much Information from their Clients?

The banks at the time of starting a relationship with a client, whether it is for the opening of accounts or another transaction, currently require information in order to confirm that the person or entity that is requesting financial services exists and where the funds come from, among others.

Posted by: Claraliz Oviedo Maglione| Associate at Alvarado y Asociados

Sanitary Registration in Nicaragua

The commitment to protect the health of citizens is not only the responsibility of the State through the health authorities, instead each manufacturer and distributor should assume a sense of responsibility, honesty and professionalism that can urge them to comply with all the legal provisions and processes established by the authorities to guarantee the sanitary quality and safety of the products offered in the market.

Posted by: Aura Torrez | Associate at Alvarado y Asociados

Why create a brand for my product?

Both, companies who are already well established in the market as well as new entrepreneurs need to position their products. The best way to do this and allow them to acquire a certain value is to put a brand on the product, so that the consumer can identify the product and purchase it. Brand loyalty, is created once a brand has been established and properly positioned in the market and is acquired when the consumer consciously chooses one product over another.

Posted by: Carlos Navarro| Senior Associate at Alvarado y Asociados

Tax Update- Important changes you should be aware of as we start 2017.

General Administrative Provision No. 02-2016.- Classification of Great Taxpayers. Published in La Gaceta Official Gazette No. 237 of December 19, 2016. By means of General Administrative Provision No. 02-2016, the Director of the General Revenue Agency (DG) determined that natural persons or Legal Entities with gross annual incomes of economic activities equal or greater than C $ 160,000,000.00 (one hundred and sixty million córdobas ) would be considered Great Taxpayers.

Posted by: Carlos Navarro| Senior Associate at Alvarado y Asociados

Some laws that provide tax incentives in Nicaragua- Part II

This time we present the second installment of our edition of Laws that offer tax benefits in Nicaragua. Previously we mentioned the benefits offered by the Law on Conservation, Promotion and Sustainable Development of the Forestry Sector in addition to the Law on Tourist Incentives and on this occasion we make a brief explanation of the incentives offered on other legal provisions and laws from which we can all benefit.

Sign up to receive our monthly newsletter and legal updates

Name :
Email :