> ## Documentation Index
> Fetch the complete documentation index at: https://v2.docs.conduit.financial/llms.txt
> Use this file to discover all available pages before exploring further.

# Nicaragua

> How to collect KYB documents from business customers in Nicaragua (NIC) when onboarding through the Conduit API.

## Overview

| Field        | Value                                    |
| ------------ | ---------------------------------------- |
| Region       | Latin America                            |
| ISO 3166-1   | NI / NIC                                 |
| Registry     | Registro Mercantil + DGI (tax authority) |
| Last updated | 2026-05-04                               |

## Identifiers

Collect two identifiers from each business customer in Nicaragua and submit them as strings on the application body.

| API field                       | Local name                         | Issuer                              |
| ------------------------------- | ---------------------------------- | ----------------------------------- |
| `businessInfo.taxId`            | **RUC**                            | DGI (Dirección General de Ingresos) |
| `businessInfo.businessEntityId` | **Inscripción Registro Mercantil** | Registro Mercantil                  |

*Tax ID:* Registro Único de Contribuyentes for tax purposes.

*Registration number:* Mercantile registry inscription number.

## Sector regulators

`SIBOIF` · `TELCOR`

## Legal structures

| Local name                           | Abbreviation    | Description                                                                                                                                                                                                                                |
| ------------------------------------ | --------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| Sociedad Anónima                     | S.A.            | Share-capital corporation whose shareholders are liable only up to the value of their shares; governed by the Commercial Code and the most widely used corporate vehicle for medium and large enterprises. Closest US equivalent: C-Corp.  |
| Sociedad de Responsabilidad Limitada | S. de R.L.      | Quota-based, closely-held company in which members' liability is limited to their capital contributions; capital is not divided into freely tradable shares. Equivalent to a US LLC.                                                       |
| Sociedad en Nombre Colectivo         | S. en N.C.      | General partnership in which all partners trade under a collective name and bear joint, unlimited liability for company debts. Closest US equivalent: General Partnership (GP).                                                            |
| Sociedad en Comandita Simple         | S. en C.        | Limited partnership with at least one general partner (gestor) bearing unlimited liability and one or more limited partners (comanditarios) liable only up to their capital contribution. Closest US equivalent: Limited Partnership (LP). |
| Sociedad en Comandita por Acciones   | S. en C. por A. | Variant of the limited partnership in which the limited partners' capital is represented by transferable shares; general partners retain unlimited liability. Closest US equivalent: Limited Partnership (LP).                             |
| Comerciante Individual               | —               | Natural person who registers individually with the Registro Mercantil to conduct commerce; no separate legal entity is created and the proprietor bears unlimited personal liability. Equivalent to a US Sole Proprietorship.              |
| Cooperativa                          | —               | Member-owned cooperative governed by the Ley General de Cooperativas (Ley 499); profits and governance rights are allocated on a per-member basis rather than by capital share. Closest US equivalent: Cooperative.                        |
| Sucursal de Empresa Extranjera       | —               | Registered branch of a foreign legal entity authorised to operate in Nicaragua; the parent company retains full legal personality and liability. Closest US equivalent: Branch/Rep Office.                                                 |

## How documents combine

For each evidence area, this table shows whether the listed documents are alternatives (any one of) or a bundle (all required). The artifact-by-artifact lookup follows below.

| Evidence area          | Documents needed                                                                          |
| ---------------------- | ----------------------------------------------------------------------------------------- |
| Legal Registration     | Inscripción Registro Mercantil                                                            |
| Constitutive Documents | Escritura de Constitución                                                                 |
| Tax Registration       | Constancia RUC                                                                            |
| Operating Permit       | Matrícula Municipal                                                                       |
| Ownership Records      | *All required:* Escritura Pública + Libro de Accionistas                                  |
| Governance Records     | *All required:* Escritura Pública + Certificación de Junta Directiva                      |
| Signing Authority      | *All required:* Certificación de Acta + Poder Notarial                                    |
| Address                | *Any one of:* Contrato de Arrendamiento · Recibo de Servicios · Estado de Cuenta Bancario |
| Good Standing          | Inscripción Registro Mercantil                                                            |

## Documents to collect

The physical documents you'll collect from your customer, with the evidence area each one proves. One document can prove multiple areas — for example, Brazil's Cartão CNPJ covers both tax and business-registration proof, so it appears once with both areas listed.

| Document                                 | Proves                                                        |
| ---------------------------------------- | ------------------------------------------------------------- |
| **Inscripción Registro Mercantil**       | Legal Registration, Good Standing                             |
| **Escritura de Constitución**            | Constitutive Documents, Ownership Records, Governance Records |
| **Constancia RUC (DGI)**                 | Tax Registration                                              |
| **Matrícula Municipal**                  | Operating Permit                                              |
| **Libro de Accionistas**                 | Ownership Records                                             |
| **Certificación de Junta Directiva**     | Governance Records                                            |
| **Certificación de Acta**                | Signing Authority                                             |
| **Poder Notarial (notarized POA)**       | Signing Authority                                             |
| **Contrato de Arrendamiento**            | Address                                                       |
| **Recibo de Servicios (≤90 días)**       | Address                                                       |
| **Estado de Cuenta Bancario (≤90 días)** | Address                                                       |
| **Sector-Specific License**              | SIBOIF, TELCOR                                                |

### Collection notes

* **Address:** Lease (no time bound) or utility bill or bank statement; utility/bank documents must be dated within 90 days.
* **Good Standing:** Nicaragua's Registro Público Mercantil does not issue a uniform Certificate of Good Standing; a recently dated inscription extract / certificación from the Registro Mercantil (collected under business\_registration) reflects current registration status. Separate sector certificates such as the Cámara de Comercio's Certificado de Inscripción exist but are membership artifacts, not registry-issued good-standing attestations.

## Person roles

When you submit a person on the application body, set their `role` to one of Conduit's canonical `BusinessPersonRole` values. Use this table to map a local corporate-governance title onto the right canonical role.

| Local role          | Canonical API role     | Description                                |
| ------------------- | ---------------------- | ------------------------------------------ |
| Presidente          | `CONTROLLING_PERSON`   | Board president.                           |
| Director / Vocal    | `CONTROLLING_PERSON`   | Board member.                              |
| Representante Legal | `LEGAL_REPRESENTATIVE` | Legal representative.                      |
| Administrador Único | `LEGAL_REPRESENTATIVE` | Sole administrator (alternative to board). |