top of page

Honduras

Legal form:

Sorry, I don't understand your question. Please rephrase it.

Delivery:

3 weeks

Price: $

$350

Payment methods:

payment methods.webp

Requirements:

Document checklist:

Local legal address (Handled by B2B Hub) 

1.Passport
2.Proof of Residence 

Registrar

Organization name

Abbreviation

Country

Honduras

Email

Phone

Listing
Open website
UK comapny formation (1).webp

About

Honduras

Capital
Official languages
Population 
Currency

ISO 4217

Tegucigalpa

Spanish

Approximately 9.3 million

Lempira

HNL

FAQ

FAQ for Company Formation in Honduras


1. What are the types of companies that can be formed in Honduras?

   - The types of companies that can be formed in Honduras are sole proprietorships, partnerships, limited liability companies, and corporations.


2. What are the requirements for registering a company in Honduras?

   - The requirements for registering a company in Honduras include selecting a unique name for the company, drafting and signing the articles of incorporation, obtaining a tax identification number, registering with the municipal authorities, and paying the relevant registration fees.


3. What are the benefits of registering a company in Honduras?

   - The benefits of registering a company in Honduras include the ability to operate a legal business, access to a skilled workforce, a strategic location for doing business in Central America, and favorable tax laws for foreign investors.


4. What is the minimum capital requirement for registering a company in Honduras?

   - There is no minimum capital requirement for registering a company in Honduras.


5. What is the process for obtaining a tax identification number in Honduras?

   - To obtain a tax identification number in Honduras, the company must complete an application form and provide proof of legal existence, such as the articles of incorporation or partnership agreement.


6. What is the corporate tax rate in Honduras?

   - The corporate tax rate in Honduras is 25% of net profits.


7. What is the value-added tax (VAT) rate in Honduras?

   - The VAT rate in Honduras is 15%.


8. Are there any incentives for foreign investors in Honduras?

   - Yes, there are incentives for foreign investors in Honduras, including exemptions from import duties on certain capital goods and raw materials, tax holidays for up to 10 years, and free trade zones.


9. Can foreigners own 100% of a company in Honduras?

   - Yes, foreigners can own 100% of a company in Honduras.


10. How long does it take to register a company in Honduras?

   - The time it takes to register a company in Honduras depends on various factors, such as the type of company and the efficiency of the registration process. It can take anywhere from a few days to several weeks.

Economy

Honduras has a mixed economy that is largely dependent on agriculture, industry, and services. According to the World Bank, Honduras’ GDP in 2019 was $25.7 billion, with a growth rate of 2.7%. The country’s main exports are coffee, bananas, shrimp, lobster, and apparel. The main imports are machinery and transport equipment, industrial raw materials, and fuels. The unemployment rate in Honduras is 6.2%, and the poverty rate is estimated to be around 60%. The country’s inflation rate is 4.2%, and the public debt is estimated to be around 60% of GDP. The World Bank also reports that Honduras has a Human Development Index of 0.637, which is below the average for Latin America and the Caribbean.

Taxation

Taxation in Honduras includes both corporate and personal income taxes, as well as other taxes and fees. Here is an overview of the taxation system in Honduras:


Corporate Taxation:

The corporate tax rate in Honduras is 25% of taxable income. This tax applies to both domestic and foreign companies doing business in Honduras. There are also other taxes that may apply to companies, such as the municipal tax on economic activities, and taxes on imports and exports.


Personal Taxation:

The personal income tax rate in Honduras ranges from 15% to 25%, depending on the amount of taxable income. The tax applies to individuals who earn more than a certain threshold, which is adjusted annually. There are also other taxes that may apply to individuals, such as the municipal tax on property.


Tax Payment Process:

Taxpayers in Honduras are required to file their tax returns annually by March 31st of the following year. The tax year in Honduras is the calendar year, from January 1st to December 31st. Payments can be made in installments, but the full amount of tax owed must be paid by the due date.


For companies, taxes are paid on a monthly basis through a withholding system, where a percentage of the income is withheld at the source and remitted to the government. Companies are also required to file annual tax returns.


Individuals are responsible for calculating their own taxes and making payments directly to the government. However, employers are required to withhold taxes from their employees' salaries and remit them to the government on a monthly basis.


In summary, Honduras has a corporate tax rate of 25% and a personal income tax rate ranging from 15% to 25%. Tax returns must be filed annually by March 31st, and taxes are paid on a monthly basis through a withholding system for companies and directly for individuals.

Company incorporation application form

Representative

Chosen company name

Main business activity

Legal address of director

Extra services

Submit ✉

Your inquiry has been submitted. Thank You!

We will contact you shortly…

PDF application form

B2B hub provides fillable PDF application forms, you can simply save the filled form and send us by email clicking here  reg@b2bhub.uk or live chat

bottom of page