Nicaragua is located in Central America. It is famous for its landscape of lakes, volcanoes, and beaches. It has a population of over six million people and a mix of indigenous and Spanish cultures, resulting in a diverse range of music, food, language, and religion. Spanish is the most widely spoken language in the state. Managua, Nicaragua’s capital and largest city, has a population of over one million people. Trade, textiles, and agriculture account for nearly half of Nicaragua’s exports. Nicaragua’s top three export commodities are beef, coffee, and gold.
*Please note that the official currency is the currency of remuneration when employed through WorkMotion in Nicaragua.
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Easily onboard your remote talent in Nicaragua through our Employer of Record (EOR) solution. Our subsidiaries and network partners make this process fast and 100% compliant.
India, officially the Republic of India, is the second-most populous country in the world. It covers an area of 3.29 million square kilometers. The country is surrounded by the Bay of Bengal in the east, the Arabian Sea in the west, and the Indian Ocean in the south. India occupies a major portion of the South Asian subcontinent. There are 28 states and eight Union territories in the country. The agricultural sector remains the country’s main employer. However, it is no longer the largest contributor to GDP. Major growth has been in trade, finance, and other services.
*Please note that the official currency is the currency of remuneration when employed through WorkMotion in India.
The holidays mentioned below are valid for the year 2024.
January 1 | New Year’s Day | |
March 28 | Holy Thursday | Movable |
March 29 | Good Friday | Movable |
May 1 | Labor Day | |
July 19 | Sandinista Revolution Day | |
September 14 | Battle of San Jacinto | |
September 15 | Independence Day | |
December 8 | Feast of the Immaculate Conception | |
December 25 | Christmas Day |
The approximate time for sharing the contract with an employee in India is 2 business days assuming no special requests or changes to our standard employment contract. Any such requests or changes would need to undergo internal and external review, directly leading to a time delay.
NOTE: This number is subject to change and is only an estimation of the Contract Sharing Time. The estimated Contract Sharing Time begins from the moment that WorkMotion has received all required information from both the client and the employee.
It is not mandatory for employers to purchase accident insurance, but employers must provide compensation to their employees in cases of injuries, accidents, or death.
Social security contributions are levied on salaries at a rate of 21.5% for employers and 7% for employees. These rates are increased annually.
Common employee benefits include:
Benefits | Employer Contributions | Employee Contributions |
Pension and Disability | 12.5% (up to 50 employees) or 13.5% (more than 50 employees) | 4.75% |
Health Insurance | 6% | 2.25% |
Accident Insurance | 1.5% | – |
War Victims | 1.5% | – |
Total | 21.5% or 22.5% | 7% |
The calendar day for work purposes is between six in the morning and eight at night. The ordinary day of effective daytime work must not exceed eight hours a day or exceed a total of 48 hours a week.
Work performed outside of normal working hours is considered extraordinary hours, but work performed to correct errors attributable to the worker is not. The number of overtime hours may not exceed three hours per day or nine hours per week. Overtime is paid 100% more than what is stipulated for the respective normal day.
In contracts for an indefinite period, the parties may agree on a trial period of no more than 30 days during which any of them may terminate the employment relationship without any liability for them.
In contracts for an indefinite period, the parties may agree on a trial period of no more than 30 days during which any of them may terminate the employment relationship without any liability to them.
When the contract is for an indefinite period, the worker may terminate it by notifying the employer in writing 15 days in advance.
The calendar day for work purposes is between six in the morning and eight at night. The ordinary day of effective daytime work must not exceed eight hours a day or exceed a total of 48 hours a week.
Work performed outside of normal working hours is considered extraordinary hours, but work performed to correct errors attributable to the worker is not. The number of overtime hours may not exceed three hours per day or nine hours per week. Overtime is paid 100% more than what is stipulated for the respective normal day.
In contracts for an indefinite period, the parties may agree on a trial period of no more than 30 days during which any of them may terminate the employment relationship without any liability for them.
In contracts for an indefinite period, the parties may agree on a trial period of no more than 30 days during which any of them may terminate the employment relationship without any liability to them.
When the contract is for an indefinite period, the worker may terminate it by notifying the employer in writing 15 days in advance.
Social security contributions are levied on salaries at a rate of 21.5% for employers and 7% for employees. These rates are increased annually.
Common employee benefits include:
Benefits | Employer Contributions | Employee Contributions |
Pension and Disability | 12.5% (up to 50 employees) or 13.5% (more than 50 employees) | 4.75% |
Health Insurance | 6% | 2.25% |
Accident Insurance | 1.5% | – |
War Victims | 1.5% | – |
Total | 21.5% or 22.5% | 7% |
Employer Contribution
Maximum Base
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