Annual Entity Compliance/Corporate Secretarial Requirements In Honduras?

• Published date: 15 January 2024
• Subject Matter: Corporate/Commercial Law, Compliance, Corporate and Company Law
• Law Firm: Biz Latin Hub Group
• Author: Mr Craig Dempsey

Before conducting business in Honduras, it's crucial to have a good grasp of the annual entity compliance requirements and the broader regulatory framework in the country. Investors should be aware of these financial regulations before officially registering a company in Honduras, as non-compliance could lead to legal challenges and financial penalties. Financial regulatory compliance is a significant aspect of overall corporate compliance and is typically covered by corporate secretarial services.

If you're thinking about company formation in Honduras, a comprehensive guide to annual entity compliance is indispensable. This overview is designed to assist you in navigating the legal landscape and ensuring adherence to all regulatory requirements.

For businesses already operating in Honduras or those exploring market entry, we provide tailored assistance. Feel free to contact us today to learn more about how we can support your business's unique needs and help you stay compliant in the Honduran business environment.

We recognize the challenges that come with adapting to new legislation, especially when it comes to complying with corporate obligations. To simplify this process, Biz Latin Hub has designed this Annual Fiscal Compliance Calendar.

Types of companies in Honduras

In Honduras there are a variety of company types, but the most commonly used are the following:

• Corporations - A corporation exists under a name and has capital divided into shares. The partners are responsible for the payment of what they have subscribed.
• Limited Liability Companies - A limited liability company exists under a corporate name. The partners are only required to pay their contributions, and are not responsible for the financial liabilities or the debt of the company as a whole.
• Branch of foreign company - The foreign parent company regulates the rules and assumes the responsibilities before third parties.

Entity Annual Compliance in Honduras: Corporate Requirements

In Honduras, businesses are obligated to adhere to distinct corporate and mercantile requisites, aiming to guarantee both legal adherence and operational effectiveness. These requisites include the yearly submission of financial statements and tax returns, the meticulous upkeep of current corporate records, and the organization of regular shareholder meetings, usually conducted on an annual basis. Additionally, companies must conform to the stipulations outlined in the Honduran Commercial Code concerning...