Start a Business
This is a brief outline of how to start a business in Nicaragua. Note that many businesses are "unofficial" so what this really means is how to start a real, legal business.
- Get your cédula. This is, apparently, a semi-new requirement. If you don't have one, you can't be the owner or incorporator.
- If you are going to incorporate, go to a notary. They have to draw up the papers. At least in Estelí, you need both the incorporation and a "commercial constitution".
- File the papers in the Registro Publico for the department where you are incorporating. (While you could probably do business in a different department, your tax information must be filed in the same department as the business is registered. You also need to buy a set of "books" for the business. The Public Registry will stamp them to make them official.
- Go to DGI (La Renta) and get your tax number (RUC).
- If you are in a city, you are probably expected to also file with the city.
- You have a business.
The bad news is that you now get to file your tax return with La Renta two times a month--even if you aren't doing anything. The good news is that you can file both returns before the 4th of the following month.
If you want to open a bank account, expect the same paperwork (two references, cédula, etc) as for a personal account plus an Acta naming the bank and possibly some more paperwork. In other words, more hoop-jumping.