- Listed: June 15, 2013 1:14 pm
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Thinking of doing business in Nicaragua? Nicaragua has been ranked as one of the best places for business startups in the world – offering the right conditions for entrepreneurs as far as infrastructure, cost doing business are concerned. The research for the article originally comes from the blog Funders and Founders.
Read this press release from PRLog.org and written by ProNicaragua – the organization to contact if you’ve decided to start your business and invest in Nicaragua. They will assist and advise you, making the path to owning a business in Nicaragua, a smooth one indeed.
Once you have set up your business in Nicaragua and want to advertise your business and services, please contact us to list your business.
“Nicaragua was positioned among the top 13 countries for “startups with your own money’’, according to a research published by the blog Funders and Founders, who based the list on the cost of living and specific services for entrepreneurs.
The list, which names only two Latin American countries, includes Egypt, Jordan, Morocco, Poland, Bulgaria, Thailand, India, Macedonia, Ecuador, Portugal, Malaysia, Mexico and Nicaragua. These countries were included in the list for having the proper infrastructure, lenient policy for foreign founders, a suitable price for internet and simplified procedures for visas, as well as low costs for basic services such as accommodation and food.
The idea behind this research was to position countries that offered seed-stage startups with limited money more spending power, especially considering these entrepreneurs are using their own savings. In addition, the newcomer effect, in which you are unaware of the possibilities in a new environment, was one of the reasons mentioned as to why going to a new location is the perfect beginning of any startup.
The criteria, in which these destinations were valued, looked upon the low burn rate of initial savings used on startups, fast and affordable internet, developed local infrastructure such as transportation, access to food and consumer goods, as well as a generous visa policy of at least 3 months.
This recent publication is yet one of the many published this year in which Nicaragua stands out. Its widely recognized tourism destinations as well as its retirement possibilities have been numerous on internationally renowned publications, such as the New York Times, Huffington Post and International Living. Furthermore, the recent fDi publication, a subdivision of the Financial Times, positioned Nicaragua’s capital as third in the category of FDI Strategy for foreign direct investment.”