Company Incorporate in Honduras Made Easy with 3E Accounting

Consistent growth in recent years has made Central America an exciting investment prospect. We’re here to meet the growing demand for company incorporate in Honduras.

 

Reasons to Start a Business in Honduras

Honduras is strategically located in Central America, with access to the Atlantic and Pacific Oceans. Furthermore, the country is rich in natural resources. This includes minerals, timber, agricultural land, and marine resources.

The Honduran government has put much effort into creating a business-friendly environment and welcoming foreign investors. This includes tax exemptions, holidays, and streamlined processes for establishing businesses. Additionally, Honduras has created several Free Trade Zones (FTZs) where businesses can benefit from preferential treatment and export opportunities. This includes the Puerto Cortes Free Trade Zone (the largest), Valle Free Trade Zone, Zip San Lorenzo Free Trade Zone, and Zip La Lima Free Trade Zone.

Honduras is also part of several trade agreements, including the Central America-United States Free Trade Agreement (CAFTA-DR). This means it has preferential access to markets in the United States, Canada, and other countries, making it even easier to conduct business here.

 

How Do I Get Started?

3E Accounting is here to help those looking to begin company incorporate in Honduras. Honduras offers investors four main business entity types to choose from.

Limited Liability Company

A Limited Liability Company (SdeRL) offers limited liability to its members and requires a minimum of two individuals to get started. Investors prefer this business structure because it allows flexibility in management and profit distribution.

Public Limited Company

A Public Limited Company (SA) is a corporate structure that allows for public ownership and the issuance of shares to raise capital from the general public.

Representative Office

There is also the Representative Office business structure, commonly referred to as an “Oficina de Representación.” This structure lets foreign companies establish a limited presence in the country for specific purposes without engaging in commercial activities or generating direct revenue.

Branch Office

If you want to engage in business activities, you could choose a branch office option. A branch office operates as an extension of the parent company and is subject to the same liabilities and obligations as the parent company.

Each entity has its own prerequisites and advantages. Based on your needs, our experts will be able to advise which option is going to be the best fit for your business. Book an appointment with our experts to find out more.

 

Getting Ready for Your Company Incorporate in Honduras

Before commencing the company incorporation process, you must deposit an initial capital into a Honduran bank account. For  SdeRL and SA, the recommended banks are HSBC Bank and Atlantida, respectively, while BAC and Davidienda Bank are recommended for a branch and representative office.

Once completed, the next step is registering the Articles of Incorporation. You will need a notary for this and register with the Honduran Chamber of Commerce. This usually takes about a week if all your documents are in order.

 

Applying for a TIN

After the company incorporation process, you must apply for a Tax Identification Code (TIN) to identify your company for tax purposes. This can be obtained from the Servicio de Administracion de Rentas (SAR), Ministry of Finance and can take 23-25 business days. Any invoices, official financial documents and tax declarations will be attached to your TIN.

Once you have your TIN, it is time to register with the National Chamber of Commerce. Based on your initial share capital, there will be a fee that must be paid.

 

Getting Your Certificates and Permits

As part of the company incorporation in Honduras process, you must get a zoning certificate and an operational permit. A zoning certificate will determine where your business activities take place. An operational permit means you can conduct such activities in the area.

Finally, 3E Accounting will help you complete your registration with the relevant local authorities. This includes the Ministry of Finance’s Revenue Administration Service (SAR), the Professional Training Institute (INFOP), the Social Security Institute (IHSS), and finally, the Social Housing Fund (FOSOVI).

 

The Central American Opportunity You’ve Been Waiting For

Let us help you quickly and compliantly handle your company incorporation in Honduras so you can focus on the core of your business. You take care of your day-to-day operations. We will handle the rest. For more information about company incorporate in Honduras, contact the 3E Accounting team today.