THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE LEGAL OR TAX ADVICE. You should always consult with and rely on your own legal and/or tax advisor(s). G-P does not provide legal or tax advice. The information is general and not tailored to a specific company or workforce and does not reflect G-P’s product delivery in any given jurisdiction. G-P makes no representations or warranties concerning the accuracy, completeness, or timeliness of this information and shall have no liability arising out of or in connection with it, including any loss caused by use of, or reliance on, the information.
Employer of Record in Nicaragua.
G-P provides employer of record services for customers that want to hire employees and run payroll without first establishing a branch office or subsidiary in Nicaragua. Your candidate is hired via G-P’ Nicaragua PEO in accordance with local labor laws and can be onboarded in days instead of the months it typically takes. The individual is assigned to work on your team, working on your company’s behalf exactly as if he or she were your employee to fulfill your in-country requirements.
10Holidays per year
48hours per weekWorking hours per day or month
Payroll in Nicaragua.
Nicaragua is a Central American country that borders Honduras, Costa Rica, the Pacific Ocean, and the Caribbean Sea. It’s a great place for companies looking to expand to Central America and create ties to Mexico, the Caribbean islands, and other Central American companies. That said, an expansion to Nicaragua isn’t as easy as it may seem.
Hiring in 
Nicaragua.
Expanding to Nicaragua is a great opportunity to celebrate new business relationships, talented employees, and more. However, it’s also a challenging time during which you have to figure out how to recruit and hire Nicaragua employees and follow all of Nicaragua’s employment compliance laws. G-P will make it easy to hire employees and continue to run all your business locations at the same time using Nicaragua hiring outsourcing. Plus, we’ll act as the Employer of Record to manage all compliance while you manage your company.
Compensation & Benefits in Nicaragua.
Compensation & Benefits in Nicaragua.
Figuring out the right level of compensation and benefits to provide employees can be a challenging task, even in your native country. Trying to put together a Nicaragua benefits management plan and meet the country’s compensation laws is even more difficult when you’re not familiar with the various taxation, labor, and employment compliance laws.
NIO6,987.06 per monthMinimum wage per month
15daysAnnual vacation leave (min)
Nicaragua Subsidiary.
Setting up a Nicaragua subsidiary is the first necessary step of an expansion without a global PEO. Your subsidiary will allow you to operate legally in Nicaragua and help you hire employees, set up your payroll, and more. But you won’t start to realize these benefits until after the months it takes to incorporate.
Nicaragua Visas & Permits.
Nicaragua’s tropical climate, vibrant culture, and low cost of living make the Central American nation a desirable destination for expatriates from all over the world. If your company is planning to expand operations to Nicaragua, you’ll need to put together a talented team of employees who are willing to make the move. You’ll also need to make sure they have the necessary visas and permits to live and work in Nicaragua.