North America
Lane is Available
Exporting from and Importing to Nicaragua
Situated in the scenic Central American isthmus, Nicaragua is increasingly becoming a hub for the IT sector, drawing the interest of tech enthusiasts and investors. If you plan to import your equipment into Nicaragua, it’s crucial to connect with an Importer of Record (IOR).
Tax
Up to 15%
Duties
Up to 15%
Lead Times
3-4 Weeks
Restricted Items
Second-hand and Refurbished Goods
Best Carrier Option
Freight Forwarder or Courier
Non-Working Days
Sunday and Public Holidays
Prominent Language
Spanish
Tech Trade in Nicaragua
Nicaragua, the largest country in Central America, has enormous trade potential within the tech sector. The low tariff rates encourage imports into Nicaragua. The country is also part of various Free Trade Agreements, the most notable being the Dominican Republic-Central American Free Trade Agreement and the EU-Central American Association Agreement. These help facilitate trade, promoting collaborations among the United States, Dominican Republic, Nicaragua, and the 27 European Union countries.
Bridging the gap between South and North America, its coastlines along the Caribbean Sea and the Pacific Ocean give Nicaragua a strategic advantage in maritime access, further encouraging trade.
Population
7M
Biggest Industry by Export
Textiles
Capital City
Managua
Biggest Industry by Import
Machinery
Unique Pain Points for Imports to Nicaragua
Processing Time
Nicaraguan customs are known for their slow processing time, which leads to delays when importing into the country. When documents are inaccurate or incomplete, these delays can last even longer, disrupting supply chains.
Customs Clearance
Customs clearance in Nicaragua is highly time-consuming. Importers must navigate constant policy changes, large amounts of paperwork, and documents to fill out. Corruption and a lack of transparency at the border also complicate clearance, resulting in logistical delays.
Political Instability
The challenging political landscape in Nicaragua impacts not only the investment landscape but also tech imports and exports into the country. This has increased uncertainties, leading to changes in regulations and tariffs, making navigating imports into the country more complex and lengthy.
Countries Associated with Nicaragua
North America
Mexico
Asia
China
Specialized Solution for Nicaragua
The TecEx Delivered Duty Paid (DDP) shipping solution positions us to serve as your IOR. We will handle the entire shipping and customs process on your behalf.
Our team of experts gathers all the documentation, ensures all labelling is correct, and helps streamline goods through Nicaraguan customs. Our warehousing solution also facilitates the correct trade lanes to get goods into Nicaragua in the most efficient and cost-effective way.
Specific Compliance Regulations for Nicaragua
Import Permit from TELCOR
Various documents need to be obtained when importing into Nicaragua. For example, telecommunications equipment requires an import permit from TELCOR (The Nicaraguan Telecommunications Regulator). Obtaining this permit is a lengthy process that requires various other documents to be gathered. Our TecEx experts will handle this entire process on your behalf.
Warehousing Solution
Our warehousing solution allows the best possible route to enter Nicaragua. Your shipments will transit through our dedicated hub, where we take care of all the freight to Nicaragua, ensuring your goods reach their destination successfully.
Secondhand or Refurbished Goods
While permissible, navigating the import environment for second-hand or refurbished goods is challenging and requires gathering additional information and letters. A TecEx expert will source all the necessary information to get goods through customs. Special documents must also be gathered, including a bill of lading, packing list, original invoice, and declaration of invoice authenticity.
Get Shipping to Nicaragua
Let TecEx get your goods through customs and into Nicaragua. We take care of everything and streamline the entire shipping process so you don’t have to worry.
