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A golden opportunity to beef up foreign investment in Nicaragua

By Guy José Bendaña-Guerrero & Asociados - 22/03/2019
A golden opportunity to beef up foreign investment in Nicaragua

The German Chamber of Industry and Commerce (DIHK) and the Latin America Association (LAV) carried out in Berlin the 16th edition of the Latin America Initiative of German Business, an activity created to improve the overall image of the region in Germany and to safeguard and improve the position of German business, especially that of medium-sized enterprises.

While working towards strengthening commercial relations between Germany and all Latin-American countries, the event offered an ideal platform for the Nicaraguan Embassy in Germany, which took advantage to promote German investments in the country. DIHK represents more than 400 German companies interested in the Latin American and Caribbean market, as well as more than 140 chambers of commerce, making it a golden opportunity to boost foreign investment in Nicaragua.

"Nicaragua offers a wide range of opportunities for German companies where they can invest: raw materials, agriculture innovation and vocational education, among others”, stated Nicaraguan ambassador in Germany, Karla Beteta. "The government of Nicaragua recognizes the positive impact of direct foreign investment, so we actively and openly promote it for the benefit of Nicaraguans”, she added.

Beteta showcased the experience of two German companies successfully working in Nicaragua while in totally different industries: chocolate company Ritter Sport, which in 2017 launched a national brand for Nicaraguan cocoa (Cacao de Nicaragua), and the Dräxlmaier Group, an international automotive supplier with a fabric in the city of Masaya. 

By Guy José Bendaña-Guerrero & Asociados - 22/03/2019
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Guy José Bendaña-Guerrero & Asociados

The Law Firm, specialized in the field of Intellectual Property, formerly known as Henry Caldera & Henry Caldera-Pallais, was founded in 1907 by Mr. Henry Caldera, as part of a three-way operation consisting also of the import and retail of goods. With time, these three operations became separate enterprises. That same year, and through the efforts of Mr. Caldera, Nicaragua had its first Trademark Law.

In the late 1930’s, Mr. Caldera’s older son, Henry Caldera-Pallais, after obtaining a Law degree in Nicaragua, furthered his studies in the University of Michigan, where he graduated to become a U.S. Registered Patent Agent. During his stay in the United States, he gained experience working with the New York firm of Lagner, Parry, Card and Largner. In the late 1940’s, Mr. Caldera-Pallais returned to Nicaragua to take charge of the Law Firm, which became known as Henry Caldera & Henry Caldera-Pallais.