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West Nicaragua: An Emerging Destination Tourism: A very dynamic sector in continuous growth … Country Tourist Arrivals Source: INTUR Tourism: A very dynamic sector in continuous growth … Nicaragua Main Markets: Source: INTUR Tourism: A very dynamic sector in continuous growth …

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Tourism: A very dynamic sector in continuous growth…

Country Tourist Arrivals

Source: INTUR

slide3

Tourism: A very dynamic sector in continuous growth…

Nicaragua Main Markets:

Source: INTUR

slide4

Tourism: A very dynamic sector in continuous growth…

Main Markets Growth% 2003-2004:

Source: INTUR

slide5

Tourism: A very dynamic sector in continuous growth…

Central America main Visitors:

Source: INTUR

slide6

Tourism: A very dynamic sector in continuous growth…

National Tourism Revenues

Source: INTUR

slide7

Tourism: A very dynamic sector in continuous growth…

Nationwide Hotel properties (I.Q.S.)*

* I.Q.S.: International Quality Standards

Source: INTUR

slide9

Tourism: A very dynamic sector in continuous growth…

National Hotel Rooms Distribution 2005 (%)

Source: INTUR

slide10

Tourism: A very dynamic sector in continuous growth…

Tourist vs. Hotel Rooms

Source: INTUR

slide11

Tourism: A very dynamic sector in continuous growth…

Segments (Rooms by region)

Source: INTUR

nicaragua lodging industry
Nicaragua Lodging Industry

Chinandega

Source: INTUR

slide17

Investor-friendly Environment

Favorable Legal Framework

  • Free Currency Convertibility.
  • Freedom to expatriate all capital and profits
  • Full property rights for foreigners.
  • Equal treatment as Nationals for Foreign Investors.
  • Full protection of Intellectual Property Rights, Patents and Brands.

Source: Foreign Investment Promotion Law

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Investor-friendly Environment

Tourism Incentives Law (Law No. 306)

  • 100% Sales Tax Exemption on building design and supervision contracts.
  • 10 years tax exemption over:
    • Up to the 90% of the Income Tax.
    • 100% of the Property Tax.
    • 100% of the Import Duties and Sales Tax on construction materials, furniture, equipments, vehicles and accessories.
  • Reinvestment Incentive (Reinvestment of 35% of the original investment = 10 years more of all the above Benefits).
personal security
Personal Security

When comparing Latin American capital cities, Managua is the safest with a 2.3 intentional homicide rate per 100 thousand compared to 3.9 in San Jose, Costa Rica for example

*Source: Impacto de la Inseguridad Pública sobre el Clima de Negocios e Inversión de Centroamérica. CLACDS / INCAE.

personal security20
Personal Security

Homicide Rate per 100 Habitants

Note: This graph does not include manslaughter for Costa Rica.

Source: www.desarme.org

slide33

Why West Nicaragua?

  • Land
  • People
  • Emerging Destination
  • Natural Attractions
  • Cultural Identity
slide34

Official Investment Promotion Agency

  • Services:
    • Country information: general information, incentives, cost information, and regulatory information.
    • Customized site visits to Nicaragua
    • Start-up services and investment facilitation
    • Your company's office in Nicaragua
  • Staff:
    • Bilingual investment promotion professionals
    • Internationally-trained management
    • Local expertise to help get your projects implemented
slide49

Unexplored

Profitable

Democratic

Beautiful

slide51

International Media…

“Fourteen years ago Nicaragua was unthinkable as a travel destination. Now it’s the safest place in Central America, at the brink of a tourist revolution…”.

-MSNBC (Nicaragua: Contra to what you think. This Central American country is on the brink of a 'tourist revolution‘.). August 2005

“In 2004, there was a 16 percent increase in travel to Nicaragua, with the largest share of visitors coming from the United States. It’s the one to watch in 2006 as the media attempt to find the ‘next Costa Rica’”. “There's a cool kid factor to visiting this place -- it's safe, the people are very friendly, there's a lot to do, yet it still has this perception of being dangerous. It's going to pop, no doubt.”

“Where to Go Next: Hot Spots for 2006”.- Lonely Planet, January 2006

“…Nicaragua is beginning to emerge as a popular eco-tourist destination…”

-The New York Times: Travel, January 2005