Easily manage employment in

Nicaragua
nicaragua flag

Make employment in Nicaragua easy. Let us handle payroll, benefits, taxes, compliance, and even stock options for your team in Nicaragua, all in one easy-to-use platform.

Services available in this country:
Employer of Record ProductContractor Management
  • Capital City

    Managua

  • Currency

    Nicaraguan córdoba (C$, NIO)

  • Languages

    Spanish and English

  • Population size

    6,486,201

Services available in this country:
Employer of Record ProductContractor Management
An aerial view of a church near the ocean.

Facts & Stats

Nicaragua
  • Capital City

    Managua

  • Currency

    Nicaraguan córdoba (C$, NIO)

  • Languages

    Spanish and English

  • Population size

    6,486,201

  • Ease of doing business

    Medium

  • Cost of living index

    N/A

  • Payroll frequency

    N/A

  • VAT - standard rate

    15%

  • GDP - real growth rate

    10.3% (2021)

Nicaragua is a Central American republic bordered by Honduras to the northwest, the Caribbean to the east, and Costa Rica to the south. It’s affectionately known as the land of volcanoes and lakes.

Outside a sizable tourism industry (roughly 6.4% of GDP) the local economy depends on agriculture, services, and remittances from Nicaraguans based in the United States, Costa Rica, and across Central America and the Carribbeans.

Nicaragua has a strong folk heritage, with music, cuisine, and architecture influenced by European, Caribbean, and Iberian culture.

Grow your team in Nicaragua with Remote

Want to employ workers in Nicaragua? Companies hiring in Nicaragua are typically required to either own a local legal entity or work with a global employment platform like Remote that can legally provide employment services in the country. Remote can employ team members in Nicaragua and keep you compliant.

Remote can hire, onboard, and pay your Nicaragua team so you don't have to set up local HR services in the region. Remote also makes it easy to pay contractors in Nicaragua. Sign up now to get started or for more details.

Risks of misclassification

Nicaragua, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Nicaragua may lead to fines and penalties for the offending company.

Employing in Nicaragua

Workers’ rights in Nicaragua are spelled out in several laws, such as:

  • The Nicaraguan Constitution of 1987

  • The Labour Code of 1996

  • The 1904 Civil Code of the Republic of Nicaragua

  • The Law of Equal Rights and Opportunities (i.e. Law 648)

— all of which guarantee equal pay for equal work, safe working environements, job stability, unemployment compensation, regular vacations and protections against discrimination based on age, gender, disability, religion, and race.

Common questions that could come up during the hiring process include the minimum wage, overtime rates, and guaranteed paid time off.

10 Public holidays

Jan
Monday 1 January 20241New Year's Day (Año Nuevo)
Mar
Thursday 28 March 20242Holy Thursday (Jueves Santo)
Friday 29 March 20243Good Friday (Viernes Santo)
Sunday 31 March 20244Easter (Pascua)
May
Wednesday 1 May 20245Labour Day (Día del Trabajador)
Jul
Friday 19 July 20246Sandinista Revolution Day (Día de la Revolución Sandinista)
Sept
Saturday 14 September 20247Battle of San Jacinto (Batalla de San Jacinto)
Sunday 15 September 20248Independence Day (Día de la Independencia)
Dec
Sunday 8 December 20249Feast of the Immaculate Conception (Inmaculada Concepción)
Wednesday 25 December 202410Christmas Day (Navidad)

Want to see and manage all holidays? Sign up for our free HRIS!

Effortless HR in Nicaragua: Take the Tour

Seamlessly Manage Your Workforce, from First Hire to Final Paycheck

Competitive benefits package in Nicaragua

At Remote, we’re passionate about helping you craft the best possible employee experience for your team. We are leading the way in developing globally competitive benefits programs. This means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive, and your company has the localised expertise needed to attract and keep the best global talent.

Our benefits packages in Nicaragua are tailored to fulfil the local needs of employees. Typically, our packages contain some or all of the following benefits:

  • Health Insurance

  • Vision Insurance

  • Mental Health Support

  • Pension or 401(K)

  • Life and Disability Insurance

  • Dental Insurance

Fair Pricing in Nicaragua

Employer of Record

Hire and pay your global team

Starting at £479/month

for annual plans

Top features

  • Satisfaction guaranteed

  • No deposits or hidden fees

  • Zero onboarding or offboarding fees

  • Compliant equity incentives support including withholding and reporting

  • Built-in security and compliance

  • Fast onboarding (average 2-3 days)

  • Flexible, localised benefits

Contractor Management

Compliantly onboard and pay contractors

£23

per contractor/month

Top features

  • Only pay for contractors you actively work with

  • Work with contractors in 200+ countries

  • Create, edit, and sign tailored, localised contracts

  • Approve contractor invoices with one click or auto-pay

  • Transparent payments with complete visibility

Global Payroll

Consolidate your multi-country payroll

£24

per employee/month

Top features

  • Reduce costs by centralising payroll management

  • Direct support from in-house local payroll experts

  • Accurate, on-time, compliant payroll to level-up your employee experience

  • Ensure local compliance for every country

  • Tax and labour authority reporting handled for you

HRIS

Manage all of your employees in one place

Free

Top features

  • Guided onboarding and offboarding

  • Employee profile and document management

  • Time and attendance (time off and tracking)

  • Expense management and reimbursement

  • Employee self-serve on the platform and mobile app