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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

The legal difference between a consultant and an employee according to Nicaraguan Law

May 2015 - Employment. Legal Developments by Alvarado y Asociados.

More articles by this firm.

Knowing the legal difference between a consultant and an employee is important for a company that needs to hire someone in Nicaragua or for a person interested in rendering services for a company or another person, due to the fact that the nature of the contractual relationship will determine many factors that both parties must be aware of before executing the contracting modality that will govern the relationship between them - the nature of the contractual relationship impacts on the employment benefits, tax implications and liabilities that the parties must comply with according to the law.pdf labor_law_in_nicaragua

Single director - shareholder Companies according to the Nicaraguan legal system

What is a Single Shareholder and Director legal entity?

Generally speaking, a Single-Director shareholder Company, is defined as a legal entity formed by only one shareholder, being the same either an individual or legal entity, originating from a unilateral legal act and declaration, and complying with the corre- sponding legal requirements applicable in each jurisdiction for its formation. This type of legal entity may also be known as a ̈sociedad unipersonal originaria ̈ (Original Unipersonal or single shareholder company).pdf single_director-shareholder_companies_in_nicaragua

Business in Nicaragua- The Most Important Changes in the Recent Tax Reform

April 2015 - Tax. Legal Developments by Alvarado y Asociados.

More articles by this firm.

In recent years, the country ́s the government has been committed to improving Taxation in Nicaragua and attempting to follow the legislative model used by some of the other countries in the region. Starting January 1st, 2013, a new tax law (Law No. 822, Tax Concertation Law) came into force in and completely changed the taxation system in Nicaragua. Two years later a new law was issued by the National Assembly containing more than 80 amendments, additions and repeals (Law No 891) which came into force December 18th, 2014.

Here you can find a list of the most relevant changes and additions:

pdf Business in Nicaragua- The Most Important Changes in the Recent Tax Reform