Law 306 maximizes the potential for success by giving foreign and local investors and their companies incentives and benefits in all possible fields of tourism. The amount of taxes exempted depends on the type of investment that is made. You'll need to call the Institute of Tourism to get more details on the exoneration available for the investment you are interested in making. The owner of this establishment is Michael Iacoboni, an American who first invested in Nicaragua in November 1999. After just a year, Iacoboni began to reap profits and enjoy the benefits of the Tourism Incentive Law.
Timing is everything.
If a person has the desire and capacity to invest in pretty secure opportunities, I say, get down here now and see for yourself if there is a place for you. Not only does the law have enough incentives to make investing in Nicaraguan tourism very attractive, the law, although complex, is easy enough to understand and follow. The process is well-defined. It's appropriately complex, as it should be in a program of this nature, so I would not call it easy. Iacoboni graciously welcomes any inquiries about investing in Nicaraguan tourism.