MIFIC

AcronymDefinition
MIFICMinisterio de Fomento Industria y Comercio (Nicaraguan Minister of Trade and Industry)
References in periodicals archive ?
The Ventanilla Unica occupies a small space within MIFIC, bringing together representatives from MIFIC, the Supreme Court, the Office of the Mayor of Managua, and the Directorate General of Taxes in one place;
Nicaragua's Foreign Investment Law (2000/344), enforced by MIFIC, (a) established equal treatment of foreign and domestic investment; (b) eliminated the need for foreign investors to sign an investment contract with MIFIC committing to a priori performance requirements; (c) abolished the foreign investment committee, an interagency body that used to screen investments applying for preferential treatment; (d) eliminated restrictions on the way in which foreign capital can enter the country, and (e) recognized the foreign investor's right to own and use property without limitation, and in the case of a declaration of eminent domain, to receive proper indemnification.