Honduras: a difficult country for foreign investors according to Healy Consultants
Healy Consultants Group PLC
21 April, 2016
Central and South America have suffered heavy reputation blows this past few months. With the inevitable impeachment against Brazil's President Dilma Rouseff after Panama Leaks, this region of the World accumulated significant amount of business turmoil.
Furthermore, Honduras, which is known for its violent reputation, further hinders the South American economy and reputation, and foreign investments are scarce as a result.
The Former President of Honduras pleaded guilty to conspiracy charges in the end of March, 2016. He admitted that he solicited thousands of dollars in bribes and corruption over the past decade. Such corruption scandal shacked trust in Honduras, consequently questioning further investments from Europe and Asia in in the short term.
However, there are some advantages in doing business in Honduras. Foreign investors will enjoy a very cheap and timely setup, requiring only US$250 of minimum issued share capital.
Furthermore, an export oriented business that trades with Honduras's largest trading partner, the US, will enjoy tax exemption for the first period of 20 years of operations!
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