What You Need To Know To Start A Business In Honduras

Located in the middle of Central America, Honduras has a democratic government and a free market company. The country has suffered domestically but now is ready for business growth and foreign investment. A diverse array of opportunities for investors can be found in Honduras industries like textiles, agricultural productions and call centers.

Entities

In order to start a business in Honduras, you will have to choose what type of entity you would like your company to be. The most common are:

Sociedad de Responsabilidad Limitada, a limited liability company Sociedad Anónima, Public limited company The Honduras limited liability company is the most preferred choice when setting up a business. This type of entity requires at least one director and two shareholders that do not need to be a resident of Honduras and can be any nationality.

The requirements for a public limited company are two shareholders, either individuals or legal entities and at least one director. The appointed director should not be a resident of Honduras. A statutory auditor must also be appointed for this type of entity.

After choosing the entity type, there are six steps required to start a business in Honduras.

Obtain...