NICARAGUA WITH AN ADJUSTMENT TO THE MINIMUM WAGE

On February 23rd, government sectors, trade unions and representatives of the private sectors, that conforms the National Commission for the Minimum Wage, approved  the new scheme for Minimum Wage salary, that will govern the labor relations in Nicaragua. This new scheme will be in force and effect during the year 2022-2023. It  will be in force and effect as of March 1std, 2023. The following chart shows the increment per sector:

Chart for Minimum Wage Salary per Sector:.

SECTOR /ECONOMIC ACTIVITY VALID AS OF MARCH 1ST, 2023
PERCENTAGE                         MONTHLY
Agricultural 10%                                 C$5,196.34
Fishing 10%                                 C$7,901.21
Mines 10%                                 C$9,332.44
Manufacturing Industry 10%                                 C$6,987.06
Micro and small industry, artesian industry and National Tourism 10%                                  C$5,474.46
Electricity and water, Commerce, Restaurants and Hotels, Transport and storage, and communications 10%                                  C$9,531.14
Construction, Financial Services and Insurance 10%                                  C$11,628.95
Community Services, Social  Services and personal services 10%                                  C$7,284.71
Central Government ad Municipal Government 10%                                  C$6,480.04
Industries subject to an special regime 8%                                    C$8,098.46

Should you have any questions please contact our Nicaraguan office at 505-2231007 Or email cvivas@lexincorp.com

Escrito por: Lic. Claudia Vivas

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