Through this bulletin, we share our considerations on the recent Law No. 1282, published in La Gaceta, Official Gazette No. 111 of June 19, 2026, which has been in force since its publication.
This is the Law of Reforms and Additions to Law No. 977 (Law Against Money Laundering, Terrorism Financing, and the Financing of the Proliferation of Weapons of Mass Destruction). This law immediately adds Article 13 bis, which establishes strict new obligations regarding the representation of partners, shareholders, and members in commercial companies.
Obligation to grant and register the power of attorney. The reform expressly provides that any partner, shareholder, or member of a commercial company (whether an individual or a legal entity) who is represented by a third party in corporate matters has an unavoidable obligation to grant a power of attorney.
This power of attorney, in addition to being issued as a public deed, must be mandatorily and previously registered with the corresponding Public Mercantile Registry in order to produce valid legal effects before the company and third parties. This means that resolutions from ordinary or extraordinary general meetings or boards involving attorneys-in-fact without a duly registered power of attorney cannot be formalized or registered, which may cause delays for the company.
Update of the Ultimate Beneficial Owner Registry. Once the power of attorney has been duly registered with the Mercantile Registry, a second immediate obligation is triggered: the commercial company must update the information in the Ultimate Beneficial Owner Registry for Commercial Companies.
To assist you with the process of formalizing and registering special powers of attorney and ensuring your business’s operability, as well as updating the company’s beneficial owner information before the relevant authority, you may contact us through our points of contact.
Notice: The information contained in this bulletin and any attached document is provided exclusively for general informational and legal-update purposes, and therefore does not constitute, nor substitute, direct, formal, or personalized legal advice. Iuris Consultus Nicaragua, S.A. assumes no liability for decisions made, omissions, or damages arising from the use of this information without prior consultation with our professionals.
