Republic of Honduras
Capital: Tegucigalpa HDI: 0.606 (131st)
Language: Spanish
GDP (PPP): $40.983 billion
Currency: Lempira
Population: 8,259,474
Honduras, officially the Republic of Honduras, is a republic in Central America. It has at times been referred to as Spanish Honduras to differentiate it from British Honduras, which became modern-day Belize. Honduras is bordered to the west by Guatemala, to the southwest by El Salvador, to the southeast by Nicaragua, to the south by the Pacific Ocean at the Gulf of Fonseca, and to the north by the Gulf of Honduras, a large inlet of the Caribbean Sea.
Honduras was home to several important Mesoamerican cultures, most notably the Maya, before the Spanish invaded in the sixteenth century. The Spanish introduced Roman Catholicism and the now predominant Spanish language, along with numerous customs that have blended with the indigenous culture. Honduras spans about 112,492 km2 and has a population exceeding 8 million. Its northern portions are part of the Western Caribbean Zone, as reflected in the area’s demographics and culture. Honduras is known for its rich natural resources, including minerals, coffee, tropical fruit, and sugar cane, as well as for its growing textiles industry, which serves the international market.
RESEARCH
Economic Overview
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Honduras Overview – World Bank
http://www.worldbank.org/en/country/honduras/overview
Honduras is a low middle-income country that faces major challenges, with more than 63 percent of the population living in poverty in 2014, according to official statistics. In rural areas, approximately six out of 10 households live in extreme poverty, or on less than US$2.50 per day.
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EIU country profile: Honduras
http://country.eiu.com/Honduras
After achieving notable advances last year, the government will continue to prioritise fiscal consolidation. However, it will seek to balance deficit reduction with efforts to reduce poverty and inequality
Industry Trends & Business Climate
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Business climate – Invest In Honduras
http://www.investinhonduras.hn/?page_id=485&lang=en
For over 30 years, successive democratic Governments in Honduras, acknowledging that international capital is the economy’s engine, have created an environment that fosters business development, promoting and protecting productive private investment.
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Business Environment Snapshot for Honduras
http://rru.worldbank.org/BESnapshots/Honduras/default.aspx
Highlights of the business climate in Honduras
Establishing a Presence
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Starting a Business in Honduras
http://www.doingbusiness.org/data/exploreeconomies/honduras/starting-a-business
This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Honduras.
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Starting a Business in Honduras
http://www.doingbusiness.org/data/exploreeconomies/honduras/starting-a-business
This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Honduras.
Taxes
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Honduras Corporate Tax Rate | 1997-2016
http://www.tradingeconomics.com/honduras/corporate-tax-rate
The Corporate Tax Rate in Honduras stands at 30 percent. Corporate Tax Rate in Honduras averaged 30.03 percent from 1997 until 2015, reaching an all time high of 40.25 percent in 1998 and a record low of 25 percent in 1999. Corporate Tax Rate in Honduras is reported by the Dirección Ejecutiva de Ingresos.
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Honduras Corporate – Taxes
http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/JDCN-89HSJF
Honduran resident companies are taxed on their worldwide income. Non-resident companies are subject to CIT only on income derived from Honduran sources.
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Honduras Personal Income Tax Rate | 2004-2016
http://www.tradingeconomics.com/honduras/personal-income-tax-rate
The Personal Income Tax Rate in Honduras stands at 25 percent.
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Honduras – Taxes on personal income
http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Honduras-Individual-Taxes-on-personal-income
This site provides a table of tax rates for individuals
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Honduras Sales Tax Rate | VAT | 2006-2016
http://www.tradingeconomics.com/honduras/sales-tax-rate
The Sales Tax Rate in Honduras stands at 15 percent. Sales Tax Rate in Honduras averaged 12.60 percent from 2006 until 2015, reaching an all time high of 15 percent in 2014 and a record low of 12 percent in 2007. Sales Tax Rate in Honduras is reported by the Dirección Ejecutiva de Ingresos.
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Paying Taxes in Honduras
http://www.doingbusiness.org/data/exploreeconomies/honduras/paying-taxes
A list of the taxes payable in Honduras including VAT
Visas
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Honduras Visa
https://honduras.visahq.com/
Comprehensive Information on Honduras Visa Requirements
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Honduras Visa and Passport Requirements
http://www.worldtravelguide.net/honduras/passport-visa
A listing of countries that do not require a visa from their citizens to enter Honduras. Citizens from other countries must check with their embassy.
Infrastructure
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Honduras Transportation
https://www.virtualtourist.com/travel/Caribbean_and_Central_America/Honduras/Transportation-Honduras-TG-C-1.html
71 tips on getting to and getting around Honduras from real travelers and locals.
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Transportation in Honduras – How to Get Around Honduras
http://www.destination360.com/central-america/honduras/transportation
The best mode of transportation in Honduras varies depending on what area of the country you are visiting. On much of the mainland, buses are the cheapest and most convenient form of transportation.
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Honduras – Telecoms, Mobile, Broadband
http://www.budde.com.au/Research/Honduras-Telecoms-Mobile-Broadband-and-Digital-Media-Statistics-and-Analyses.html
Among the poorest countries in Central America, Honduras has long been plagued by an unstable political framework which has rendered telecom reform difficult. –
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Telecommunications in Honduras
https://en.wikipedia.org/wiki/Telecommunications_in_Honduras
A summary of the various forms of telecom in Honduras
Employer Obligations
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Labor Market Regulation in Honduras
http://www.doingbusiness.org/data/exploreeconomies/honduras/labor-market-regulation
This site provides a detailed summary of some of the labor regulations that would apply to local entrepreneurs wishing to hire workers, organize working schedules, improve job quality for workers, or make workers redundant for economic reasons in Honduras.
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Honduras Minimum Wages, Labour Law
http://www.wageindicator.org/main/salary/minimum-wage/honduras/minimum-wage-faqs
FAQs on the minimum wage in Honduras
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Labor Market Regulation in Honduras
http://www.doingbusiness.org/data/exploreeconomies/honduras/labor-market-regulation
A description of redundancy rules and costs
Culture/Living
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Honduras travel advice – GOVUK
https://www.gov.uk/foreign-travel-advice/honduras
Latest travel advice from the UK government for Honduras including safety and security, entry requirements, travelwarnings and health
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Education System in Honduras
http://www.classbase.com/Countries/Honduras/Education-System
A summary of all levels of education in Honduras
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Education in Honduras – The Borgen Project
http://borgenproject.org/education-in-honduras/
One country that has had their education crippled by poverty, crime and lack of government is Honduras.
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Public Holidays Honduras for the year 2016 and 2017
http://www.holiday-times.com/public-holidays-honduras/
List of Public and National Holidays for Honduras
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Honduras Public Holidays 2016 and 2017
http://publicholidays.la/honduras/
Honduras’ complete list of public holidays for 2016 and 2017.
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CIA World Factbook Honduras
https://www.cia.gov/library/publications/the-world-factbook/geos/ho.html
See “People and Sciety” on this site
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Honduras Population – Demographics
http://www.indexmundi.com/honduras/population.html
Facts and statistics about the Population of Honduras.
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Cost of Living in Honduras
http://www.numbeo.com/cost-of-living/country_result.jsp?country=Honduras
Average prices of more than 40 products and services in Honduras. Prices of restaurants, food, transportation, utilities and housing are included.
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Cost of Living in Honduras. 2016 prices
https://www.expatistan.com/cost-of-living/country/honduras
Cost of living comparisons in more than 1,600 cities all over the world.
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Honduras – Culture, Customs & Etiquette
http://guide.culturecrossing.net/basics_business_student.php?id=92
Guide to travel, doing business, and studying in Honduras- culture, greetings, gestures,etiquette, taboos, negotiations, gift-giving, and more.
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Cultural Information – Honduras
https://www.international.gc.ca/cil-cai/country_insights-apercus_pays/ci-ic_hn.aspx?lang=eng
Answers to your intercultural questions from a Canadian and a local point of view.
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Honduras – Climate
http://countrystudies.us/honduras/37.htm
Although all of Honduras lies within the tropics, the climatic types of each of the three physiographic regions differ.
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Weather and Climate: Honduras
https://weather-and-climate.com/average-monthly-Rainfall-Temperature-Sunshine-in-Honduras
The climate varies from tropical in the lowlands to temperate in the mountains. The central and southern regions are relatively hotter and less humid than the northern coast.
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Honduras – State
https://travel.state.gov/content/passports/en/country/honduras.html
See “Safety and Security” on this site
Trade
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Honduras Customs Regulations
https://honduras.visahq.com/customs/
Honduras Customs regulations and procedures for importing and exporting goods at border.
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WTO | Honduras – Member information
https://www.wto.org/english/thewto_e/countries_e/honduras_e.htm
key information on Honduras’ participation in the WTO. Honduras has been a WTO member since 1 January 1995 and a member of GATT since 10 April 1994.
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SICE: Countries: Honduras : Trade Policy Documents
http://sice.oas.org/ctyindex/HND/HNDagreements_e.asp
This site provides a listing of tradem agreements for Honduras
Housing and Rentals
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Honduras Corporate Housing and Extended Stay Hotels
http://honduras.biz-stay.com/
Find short-term furnished apartments and extended stay hotels with Biz-stay.com’s comprehensive directory.
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Honduras Hotels – Honduras.com
http://www.honduras.com/honduras-hotels/
A listing of hotels in various parts of the country
Travel
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Honduras Travel Warning
https://travel.state.gov/content/passports/en/alertswarnings/honduras-travel-warning.html
Travel warning for Honduras from the US State Department
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Honduras – Lonely Planet
https://www.lonelyplanet.com/honduras
Honduras, so often hurried through or avoided entirely due to its dangerous image, is actually a vibrant and fascinating place with an enormous amount to offer intrepid travelers.
JOBS
NETWORKING
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