Facta Non Verba: Honduras Gets Ready To Attract More Investments (Moneda; Diario Tiempo - May 2011)

Deeds, not words: Honduras is prepared to attract more investments (*)

Within the structure of the National Investment Promotion Program, Honduras has defined a new Legal and Institutional framework to attract and protect investments.

By means of this program the country offers to domestic and foreign investors a package of laws among which we find The Law for the Promotion and Protection of Investment and the PPP's Law.

With The Law for the Promotion and Protection of Investment that has been recently approved by the National Congress and has been signed by the President of the Republic during the event "Honduras is Open for Business," the state declares the promotion of investment as a primary concern.

This law provides new tools that enable investors with exceptional facilities to initiate and undertake their investments such as the "Foreign Investment Single Window" which allows a single point to produce all the information and services needed for investment, as well as the completion of formalities related to the establishment and expansion of endeavors.

The new law is structured in three parts: investment protection, promotions and incentives.

One of the characteristics of the law is that it is generally applicable to both nationals and foreigners, except for some provisions that are strictly applicable to foreigners...