Page 181 - Caribbean-Central America Profile 2018

HONDURAS

CARIBBEAN-CENTRAL AMERICA PROFILE 2018

PROHONDURAS FIDE TRADE AGREEMENTS
PROHONDURAS is the Official Agency of the Colonia La Estancia, Honduras holds free trade agreements with
Republic of Honduras, in charge of coordinating Blvd. Morazan Colombia, Taiwan, Chile, European Union,
and promoting national and foreign investment Apartado Postal 2029 Panama, and Mexico. It is also part of the
as well as supporting Honduran exporters with Tegucigalpa, MDC Honduras, CA DR-CAFTA comprising: United States, Costa
opening to new markets. PROHONDURAS is Tel: (504) 2221-6303 Rica, El Salvador, Nicaragua, Guatemala, and
committed to the sustained growth of foreign Fax. (504) 2221-6318, Dominican Republic.
direct investment through the dissemination of Email: dpe@fidehonduras.com
the benefits granted by the different free trade Honduras also has bilateral investment
agreements and the benefits of its national TAXES agreements with Great Britain and Spain. OPIC
regulatory framework. INCOME TAX and MIGA financing and insurance are available
Companies and individuals are taxed under the for investments.
PROHONDURAS same income tax law in Honduras. All persons
Colonia Humuya, San José Building and entities, resident or non-resident, are CENTRAL BANK
Jose Cecilio del Valle Boulevard required to pay income tax on income obtained The Central Bank of Honduras regulates the
Tegucigalpa MDC, Honduras CA from national sources. national financial system. It has the exclusive
Tel: (504) 2213-0633 right to conduct the country’s monetary policy,
Email: info@prohonduras.hn TAXES ON IMPORTS issue coins, bank notes, and undertake foreign
This tax can be considered an instrument exchange operations.
FIDE of protection in order to promote national
FIDE, Investment and Exports, is a private, production, and is applied to all goods in general Banco Central de Honduras
nonprofit organization that works in partnership coming into the country. However, there are Centro Cívico Gubernamental
with government and other private organizations a considerable number of products exempted Boulevard Fuerzas Armadas
to improve the business climate in Honduras from either specific or advalorem tariffs. Apartado Postal #3165
and promote foreign direct investment. FIDE Tegucigalpa, Honduras
acts as a one stop shop for everything related to Tel: (504) 2262-3702
investment and Honduran exports.

Starting a Business - Registration Requirements:
No. Procedure Time to complete Costs
Pay the initial capital and obtain the certificate of
1 1 day L. 100
the deposit at a local bank
notary fees of 5% for companies with share
Establish the company before a notary public, who
2 2 days capital up to L.25,000 and 3% for companies with
will draw up the articles of incorporation
over L.25,000 of share capital
File the articles of incorporation with the Mercantile L. 200 for the first L.1,000 of capital + L.1.5 per
3 2 days
Registry at the Chamber of Commerce L.1,000 of capital or fraction thereof.
Apply for the tax identification code (Registro
4 1 day no charge
Tributario Nacional, RTN)
5 Acquire accounting and minutes books 1 day USD 45 (about USD 0.50 per page)
Register with local and national Chambers of
6 1 day L. 1,850
Commerce
Apply for an operational permit (Permiso de
7 1 day L. 1,250
Operación) from the municipal authorities
8 Register for Sales tax 2 days no charge

Register at Social Security Institute (Instituto 3 days (simultaneous with
9* no charge
Hondureño de Seguridad Social, IHSS) previous procedure)
Register at the Professional Training Institute
10* (Instituto Nacional de Formación Profesional, 1 day (simultaneous with no charge
INFOP) previous procedure)
Register at Social Fund for Housing (Régimen de
11* Aportación, (RAP) al Fondo Social de la Vivienda 1 day (simultaneous with no charge
previous procedure)
(FOSOVI))
* Takes place simultaneously with another procedure Source: The World Bank Group

JTZ Publishing C-23