Business in Honduras refers to the activities and practices related to commerce and trade within the country of Honduras. This encompasses various sectors, including agriculture, manufacturing, services, and tourism. The business environment in Honduras is characterized by its reliance on exports, particularly in agriculture (such as coffee, bananas, and seafood), textiles, and handicrafts. The country has several free trade zones and attracts foreign investment due to its strategic location in Central America.
Essential aspects of doing business in Honduras include understanding the legal and regulatory framework, engaging with local markets, and navigating challenges such as infrastructure limitations and economic factors. The government has made efforts to improve the business climate by implementing reforms to attract investment and enhance competitiveness.
Overall, business in Honduras involves both local entrepreneurs and international companies seeking opportunities within the country’s diverse economic landscape.
The tax system in Honduras, managed by the Servicio de Administración de Rentas (SAR), includes individual and corporate income taxes. Residents pay taxes on global income, whereas non-residents are taxed…