Honduras

Ease of Doing Business in

Honduras

This page summarizes Doing Business 2016 data for Honduras. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

Economy Overview

 
Region Latin America & Caribbean
Income Category Lower middle income
Population 8,260,749
GNI Per Capita (US$) 2,190
City covered Tegucigalpa
Doing Business 2016 Rank Doing Business 2015 Rank
X

DOING BUSINESS 2015 RANK

Last year's rankings are adjusted. They are based on 10 topics and reflect data corrections.

Change in Rank
110 115 down 5

Doing Business 2016 DTF (% points)
X

DISTANCE TO FRONTIER SCORE

The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

Doing Business 2015 DTF (% points)
X

DISTANCE TO FRONTIER SCORE

The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

Change in DTF (% points)
X

DISTANCE TO FRONTIER SCORE

The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

58.06 56.95 down 1.11
Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

Starting a Business

X

Starting a Business

The steps of launching a business are shown below. Included are: the number of procedures entrepreneurs can expect to go through to start up and formally operate an industrial or commercial business, as well as the time and cost to complete these procedures and the paid-in minimum capital requirement as a percentage of gross national income (GNI) per capita.

DB 2016 Rank 150 DB 2015 Rank
X

DOING BUSINESS 2015 RANK

Last year's rankings are adjusted. They are based on 10 topics and reflect data corrections.

139 Change in Rank down-11
DB 2016 DTF (% points)
X

DISTANCE TO FRONTIER SCORE

The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

74.92 DB 2015 DTF (% points)
X

DISTANCE TO FRONTIER SCORE

The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

74.84 Change in DTF (% points)
X

DISTANCE TO FRONTIER SCORE

The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

up0.08

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Honduras Latin America & Caribbean OECD high income
Procedures (number)
X

Procedures (number)

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology

12 8.3 4.7
Time (days)
X

Time (days)

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology

14.0 29.4 8.3
Cost (% of income per capita)
X

Cost (% of income per capita)

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology

38.7 31.0 3.2
Paid-in min. capital (% of income per capita)
X

Paid-in min. capital (% of income per capita)

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology

10.8 2.8 9.6
No. Procedure Time to Complete Associated Costs
1 Pay the initial capital and obtain the certificate of the deposit at a local bank 1 day Lps. 100
2 Establish the company before a notary public, who will draw up the articles of incorporation 2 days notary fees of 5% until Lps.25,000 and 3% over Lps.25,000 of the capital.
3 Publish the registration notice in “La Gaceta”, the official journal or an ordinary newspaper 1 day US$35 for one advertisement in “La Gaceta”; $15 in a newspaper
4 File the articles of incorporation with the Mercantile Registry at the Chamber of Commerce 2 days See procedure details
5 Apply for the tax identification code (Registro Tributario Nacional, RTN) 1 day no charge
6 Acquire accounting and minutes books 1 day US$ 45 (about 0.5 US$ per page)
7 Register with local and national chambers of commerce 1 day no charge
8 Apply for an operational permit (Permiso de Operación) from the municipal authorities 1 day Lps. 1,250
9 Register for Sales tax 2 days no charge
* 10 Register at Social Security Institute (Instituto Hondureño de Seguridad Social, IHSS) 3 days (simultaneous with previous procedure) no charge
* 11 Register at the Professional Training Institute (Instituto Nacional de Formación Profesional, INFOP) 1 day (simultaneous with previous procedure) no charge
* 12 Register at Social Fund for Housing (Régimen de Aportación, (RAP) al Fondo Social de la Vivienda (FOSOVI)) 1 day (simultaneous with previous procedure) no charge
  * Takes place simultaneously with another procedure.

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