Joya de Nicaragua and the facts: Juan Ignacio Martínez clarifies

Joya de Nicaragua / Unusual statement causes uncertainty - what's behind it? On 20 May 2025, Joya de Nicaragua published a remarkable statement on its official Facebook page. The background to this were various reports in the media about tax debts and the nationalisation of Joya de Nicaragua. Juan Ignacio Martínez is a member of the family that owns Joya de Nicaragua and wrote to me to explain what was behind this.

Updated version from 22.05.2025 / 15:00 / In response to my additional request for a precise explanation of the situation, Joya de Nicaragua sent me a supplementary and official statement. Here is the original wording: „The company has NOT been nationalised. It remains fully owned and operated by its original owners and continues to function under the legal and regulatory framework of Nicaragua. The company is regularly engaged in administrative processes, conducted in coordination with the relevant national institutions. This is a standard procedure, similar to regulatory processes in countries such as Germany or Switzerland, where companies are expected to comply with applicable laws and cooperate with oversight bodies. In most cases, the details these processes need not be of public domain. Any reports suggesting that nationalisation has occurred are false, misleading, and unfounded. Such claims appear to be intended to cause harm to the company, its clients, employees, and the institutions involved.“

Translated by the paid version of ChatGPT: „The company has not been nationalised. It is still fully owned and managed by the original owners. It continues to operate within the legal and regulatory framework of Nicaragua. The company is regularly involved in administrative processes that are coordinated with the relevant national institutions. This is a common procedure - comparable to regulatory processes in countries such as Germany or Switzerland, where companies are obliged to comply with applicable laws and co-operate with supervisory authorities. In most cases, the details of such processes do not have to be made public. Reports suggesting nationalisation are false, misleading and unfounded. Such allegations appear to be aimed at harming the company, its customers, employees and the institutions involved.“

Vasilij Ratej, Editor Cigars.Zone / Photo: FotoWerk 132

Here are the facts directly from the owner family

Juan Ignacio Martínez:

„Let me start by clarifying that the company is fully operational.

I'm attaching our official statement. Unfortunately, the news is based on outdated, imprecise, and incomplete information, stemming from an ill-intentioned sensationalist tabloid, as you have seem to have properly noted.

We do have processes in place that are being addressed in the proper institutional channels, and are regular procedures companies hold with their regulatory bodies.

From our side, we are doing the best to contain this disinformation and are completely focused on continued working to service our clients with the least interruption and delay as possible. Please read our statement attached.“

Here is the translation into German

Translated with the paid version of ChatGPT.

„Thank you for contacting us.

Let me first make it clear that our company is fully operational.

Please find attached our official statement.

Unfortunately, the news circulating is based on outdated, inaccurate and incomplete information from a sensationalist tabloid media - as you have correctly recognised.

We currently have certain processes in place, but these are handled via the institutional channels provided for this purpose. These are regular procedures that every company carries out with its supervisory authorities.

For our part, we are doing everything we can to contain this disinformation and at the same time continue our operations without interruption and with as little delay as possible to serve our customers.

Please refer to the attached statement for further information.“

This statement could be seen on Facebook:

Here is the translation into German

Translated with the paid version of ChatGPT.

„Dear friends,

The latest reports on the status of Joya de Nicaragua are based on outdated and inaccurate information.

We would like to clarify that Joya de Nicaragua S.A. is fully operational - we continue to produce world-class cigars and supply our customers worldwide.

JDN has always been committed to fulfilling all legal requirements. With this in mind, we have regularly participated in standardised administrative procedures and audits, which have been successfully completed through the appropriate institutional channels.
Like all companies in the historic city of Estelí, we have been working closely with the local authorities for decades. This spirit of co-operation has been instrumental in shaping our exceptional industry and the cigars we proudly export around the world.

Joya de Nicaragua firmly rejects any attempt to irresponsibly spread confusion or fear. Our mission is to bring people together through our cigars and to honour the craft and dedication of our entire community - from the farmer, to the cigar roller, to the smoker and everyone in between. This tradition supports thousands of Nicaraguans who make their living through the art of cigar making.

We would like to thank everyone who has expressed their concerns - even if they are unfounded.
We invite you to relax, light your favourite Joya and enjoy it!

For our part, we remain focused on producing high-quality cigars, nurturing our community and proudly representing Nicaragua around the world.

Peace,
from the heart of Estelí
Joya de Nicaragua
20 May 2025″

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