Special Regimes

The temporary import regime is a mechanism to encourage exports by the companies not receiving benefits under other laws in Honduras. Companies must apply under the scheme for Temporary Importation to the Directorate General of Productive Services of the Ministry of Industry and Trade.

BENEFITS

1. The suspension of payment of customs duties, general sales tax and other taxes on the importation of:
   1. raw materials, semi-finished products, containers, packaging and other inputs to produce goods or services exported to non-Central American countries, or when they are assembled, processed, modified or physically incorporated into products or services that are exported to countries Central Americans.
   2. Machinery, equipment, molds, tools, spare parts and accessories exclusively to assemble, transform, modify or produce goods or services for export to non-Central American countries. These assets may be sold freely after five years from the date of temporary admission, prior authorization from the Ministry of Finance.
   3. Samplers, instructions, patterns, mannequins and models necessary to adjust the production of goods and services to the norms and designs demanded in the international market and for demonstrative purposes, research or instruction.
2. Total exemption from payment of income tax on profits from the export of goods to non-Central American countries, for ten (10) years from the date of its exportable production, provided they meet the following requirements:
   1. industrial or agro-industrial company.
   2. Keep at least 25 direct jobs.
   3. Generate non-traditional products defined in the Law on Export Promotion.

REQUIREMENTS

Request by legal representative, certifying the following information:

• Name, company name or corporate name, National Tax Registry, nationality, address and location of the plant, and other general of the applicant and his representative.
• duly registered deed of incorporation of the Company or Individual Merchant, notary deed, legally-executed power is in Proxy or another, the above authenticated.
• Socio-economic study.
• Description of products exported indicating volume and value per product, indicating the main markets to which it exported.
• occupational structure.
• Installed capacity and production advantage.
• Summary of its production process.
• List of goods to be imported under temporary import regime, indicating their respective tariff heading.

• Resumen de su proceso de producción.
• Listado de bienes a importar al amparo del Régimen de Importación Temporal, indicando su respectiva partida arancelaria.

MACHINERY, EQUIPMENT AND TOOLS USED

Raw materials, semi-finished products, packaging and other packaging supplies.

• Utilization rates and estimated losses, losses or waste of raw materials or inputs to import percentage.
• Balance sheet values ​​detailed in lempiras.
• Income Statement with their respective breakdowns and origin of national and external spending, (Values ​​in Lempiras).
• Estimate of net foreign exchange earnings.
• Estimating the value added at factor cost.

CHANGES PRESENTED BY THE COMPANY TO SHELTERED TEMPORARY IMPORT REGIME (RIT)

CHANGE OF TARIFF ITEMS

REQUIREMENTS:

1. Submit to the General Secretary of the Ministry of Economic Development the application.
2. Power of Attorney.
3. Present a list of goods with their respective duty position (anterior and change requested).

Large activity

requirements:

1. Submit to the General Secretary of the Ministry of Economic Development the application.
2. Power of Attorney.
3. Description of the activity to expand.
4. Export projection, number of jobs, wages and salaries, investment to make.

Expanding list of goods

requirements:

1. Submit to the General Secretary of the Ministry of Economic Development the application.
2. Power of Attorney.
3. Present the goods, amount to apply to their respective tariff.
4. The raw material must attach utilization ratios, percentage of waste, quantity and unit of measure.
5. For the approval of motor vehicles, in accordance with Article 30 of Law Efficiency income and expenditure published the preliminary opinion of the institution concerned to determine whether it is essential for the development of productive activity is required.

 Fuel:

requirements:

1. Submit to the General Secretary of the Ministry of Economic Development’s request, describe the equipment with their respective series.
2. Number of gallons to apply.
3. Copy of purchase invoices last year.
4. Attach pictures fuel consumption and hours worked in the previous year.
5. Copy of a resolution issued by the Executive Directorate of Revenue for the local purchase.
6. Projected production and exports.
7. Actual production and exports

Temporary suspension of benefits

requirements:

1. Submit to the General Secretary of the Ministry of Economic Development the application.
2. Power of Attorney.
3. Present public deed of incorporation of the company under its new name.
4. National Tax new company registration.

NOTE:Photocopies of the documents required and must be properly authenticated.

It is also essential requirement compliance with obligations to process requests by the applicant.

BY CANCELING COMPANIES OPERATING UNDER THE TEMPORARY IMPORT REGIME (RIT)

Requirements:

1. Submit to the General Secretary of the Ministry of Economic Development the application.
2. Document which sets out the reasons for canceling the benefits.
3. Document certifying that the company has notified to the Secretary of State in the Ministry of Labor and Social Security closing operations.

NOTE:All applications must contain the proxy by whoever has the legal representation of the company and documents required they must be duly authenticated.

The Free Zones Act aims to confer the status of free zone throughout the national territory of Honduras, where they can set up and operate commercial and industrial, domestic and foreign enterprises, mainly engaged in export and related or complementary activities.

How to operate in the Free Zone?

For free zone status permission must the Secretariat of Economic Development. Through the Ministry of Economic Development and Revenue Management Service (SAR). It paid to the State of Honduras an annual fee for operating permit free zone.

Benefits:

1. Exemption from customs duties, charges, surcharges, excise, consumption and other taxes and levies on goods brought into the Area, which are directly or indirectly related to customs import and export operations.
2. Exemption from taxes and municipal taxes
3. Exemption from payment of income tax.

Activities in Free Zone

In the free zone to perform operations and activities: Enter, removing, storing, handling, packaging, display, packing, unpacking, buy, sell, exchange, manufacture, mix, transform, refine, distill, assemble, cut, benefit and generally operate all kinds of goods, products and raw materials, packaging and other commercial paper. operations, transactions, negotiations and permanent or incidental activities related to the establishment and operation of this can also be done.

TYPES OF COMPANIES IN FREE ZONE

1. Free Zone companies can be:
   1. Operator: Company authorized to operate and manage a Free Zone (leasing of ships)
   2. User: It is any natural or legal person established in a Free Zone and is dedicated to performing the operations permitted by the Act and Regulations.
   3. Usuaria operator: Company authorized to operate, manage and perform the operations permitted by law and its regulations. (Combination of operator and Usuaria).

INCORPORATION OPERATORS

Submit to the Ministry of Economic Development, through a legal counsel, the request with the following information:

1. Main activity in which the company was dedicated.
2. exact address, telephone, fax and email.
3. Amount of investment and number of jobs to be created with their wages and salaries.
4. projective plane of the property where the project will be developed.
5. Title to the property where the project will take place, or failing Lease on that property, granted for not less than five years.
6. Photocopy of the National Tax Register.
7. Power of Attorney for whom have legal representation of the company, accompanied by a photocopy of the Public Instrument which state that such representative is empowered to grant powers.
8. Photocopy of the Deed of Incorporation Corporate or Individual Trader Declaration, duly registered in the Register of Social Merchants and individuals, as appropriate and in the case of foreign companies authorized to conduct business in Honduras.
9. Certify to the Secretary of Economic Development a permanent representative of the company, with broad powers to perform all acts of civil, commercial and labor character to be entered and felt in the country, through power of attorney granted in public deed.

INCORPORATION OPERATORS USERS

Submit to the Ministry of Economic Development, through a Legal Agent the following information:

In addition to the requirements for operating companies, user Operators must prove:

1. Products to develop.
2. Markets they exported.
3. Activities or services presented.
4. Three-year projection of investment, exports, wages and salaries, number of jobs and generate foreign exchange.

REGISTRATION OF USERS

Submit to the General Directorate of Productive Sectors the respective form must provide the information required therein, also accompanied by the following information:

1. Specify the activity that will be devoted to develop and market products to which it exported.
2. Financial information concerning the company projected three-year investment, generate foreign exchange, wages and salaries, numbers of jobs and exports.
3. National Tax registration of the company.
4. Constancia or leasing contract with the operator.
5. Payment receipt (Lps. 200.00)

** For electronic services companies which are those companies operating within a restricted area to offer international contact center services to call centers, data processing, back office, information technology or any other service that can be offered by electronics, using wired or wireless means, when so required shall submit the approval of the National Telecommunications Commission (CONATEL) pathway.

REQUIREMENTS FOR CHANGE OF FREE ZONES (ZOLI)

Changes to Operators

Submit to the Ministry of Economic Development, through application of a legal representative with the following information:

1. To exploit new Free Zones:You must meet the same requirements requested for incorporation except the following documents:
2. Main activity in which the company will focus
3. National Tax Registration and Public Deed of the company.
4. Extension of Restricted Area:It will present the new descriptive level, the documentation proving the ownership of the land or lease, where appropriate. The signing of the new contract must at least match the expiration of the original contract.
5. Reduction Restricted Area: Will present the new descriptive level, the documentation proving the ownership of the land or the Lease.
6. Change of company name:You must submit the new public instrument in which the change was authorized.

Changes to Operadoras For users

Submit to the Ministry of Economic Development, through application of a legal representative with the following information:

1. To exploit new Free Zones:You must meet the same requirements requested for incorporation except the following documents:

• Main activity in which the company will focus
• National Tax Registration and Public Deed of the company.

1. Extension of Restricted Area:It will present the new descriptive level, the documentation proving the ownership of the land or lease, where appropriate. Otherwise the new subscription must at least match the expiration of the original contract.
2. Reduction Restricted Area: Will present the new descriptive level, the documentation proving the ownership of the land or the Lease.
3. Change of company name:You must submit the new public instrument in which the change was authorized.
4. Large Activity:Specify the new activity will develop products and markets that also export the three-year projection of the product quantity and value of exports, investment, number of jobs and wages and salaries.
5. Transfer Operations:It will present the documentation proving the ownership of the land or lease, where appropriate and descriptive plane.

Changes to user

Submit to the Ministry of Economic Development, through application of a legal representative with the following information:

1. Change of company name:You must submit the new public instrument in which the change was authorized.
2. Large Activity:Specify the new activity will develop products and markets that also export the three-year projection of the product quantity and value of exports, investment, number of jobs and wages and salaries.
3. Enlarging or Transfer of Operations in Other Restricted Areas:Submit to the General Directorate of Productive Sectors the respective form that will give the latter must provide the information required therein, also accompanied by the following information:
4. Specify the activity that will be devoted to develop and market products to which it exported.
5. Financial information concerning the company projected three-year investment, generate foreign exchange, wages and salaries, numbers of jobs and exports.
6. Constancia or lease contract with the new operator.
7. Payment receipt (Lps. 200.00).

NOTE:All applications must contain the proxy by whoever has the legal representation of the company and documents required they must be duly authenticated.

It is also essential requirement compliance with obligations to process requests by the applicant.

REQUIREMENTS FOR CANCELLATION OF FREE ZONES (ZOLI)