Tag: Labor Code Nicaragua
May Day Statutory Holiday – Labor Day Long Weekend
May Day in Nicaragua is celebrated with a statutory holiday for “Día Internacional de los Trabajadores” (International Workers Day).
On Monday May 1st, Nicaragua will...
Minimum Wage Up 10% – Wage Commission Agreement
Alba Luz Torres (Minister of Labor) has announced that a consensus was reached today in the triparty minimum wage negotiations and as a result...
Aguinaldo or Thirteenth Month (Christmas Bonus)
In Nicaragua the Aguinaldo (Christmas Bonus) is colloquially known as “The Thirteenth Month” and is a mandated extra month’s salary paid to the employee...
Mother’s Day Statutory Holiday Approved by Lawmakers
As previously stated in a recent Nica-Biz article on Nicaragua's Mother’s Day, the proposed Mother’s Day statutory holiday legislation, making Mother’s Day (Día de...
Zona Franca Employees – 8.25% Wage Increase Jan. 1st, 2022
Almost 130,000 Zona Franca (Tax Free Trade Zones) employees will receive an 8.25% raise starting on January 1st, 2022.
It’s the last year of the...
Christmas Bonus – Aguinaldo and the Labor Code of Nicaragua
The announcement that state workers will receive their Aguinaldo early (on the 17th of November 2021) has brought forward the subject of the Christmas...
