Honduras

Ease of Doing Business in

Honduras

This page shows summary Doing Business 2012 data for Honduras. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Latin America & Caribbean
Income Category Lower middle income
Population 7,615,584
GNI Per Capita (US$) 1,880.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
128 130 down 2
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 150 146 up -4
Dealing with Construction Permits 70 66 up -4
Getting Electricity 114 113 up -1
Registering Property 94 92 up -2
Getting Credit 8 37 up 29
Protecting Investors 166 166 No change
Paying Taxes 140 136 up -4
Trading Across Borders 103 92 up -11
Enforcing Contracts 177 175 up -2
Resolving Insolvency 131 126 up -5

Economy Profile

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2012 Rank 150 DB 2011 Rank 146 Change in Rank down-4
Indicator Honduras Latin America & Caribbean OECD

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).

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Procedures (number)
13 9 5

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.

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Time (days)
14 54 12

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.

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Cost (% of income per capita)
46.7 37.3 4.7

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.

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Paid-in Min. Capital (% of income per capita)
17.0 4.3 14.1
No. Procedure Time to Complete Associated Costs
1 Procure a certificate of deposit at a local bank; pay the registry fee 1 day no charge
2 Constitute the company before a notary public, who is to draw up the instrument of organization 2 days notary fees of 5% until HNL 25,000 and 3% over HNL 25,000 of the capital.
3 Publish the registration notice in “La Gaceta”, the official journal or an ordinary newspaper 1 day USD 35 for one advertisement in “La Gaceta”; USD 15 in a newspaper
4 Purchase the bar stamps from the Banco Atlántida S.A and Banco de Occidente. 1 day included in procedure 5
5 File the articles of incorporation with the Mercantile Registry at the Chamber of Commerce 2 days HNL 1.5 for each HNL 1,000 of corporation capital (Derechos de registro/registration fees) + HNL 30 up to HNL 300,000 of the capital and HNL 10 for each HNL 100,000 after HNL 300,000 (Bar stamps/Timbres del Colegio de Abogados).
* 6 Apply for the tax identification code (Registro Tributario Nacional, RTN) at the Dirección Ejecutiva de Ingresos (DEI), Ministry of Finance 1 day (simultaneous with previous procedure) no charge
7 Acquire legal accounting and minutes books 1 day USD 180
8 Register with local and national chambers of commerce 1 day nominal
9 Apply for an operational permit (Permiso de Operación) from the municipal authorities 1 day HNL 1,250
* 10 Register for Sales tax and acquire the authorization of the company books 2 days, simultaneous with procedure 9 nominal
* 11 Register at Social Security Institute (Instituto Hondureño de Seguridad Social, IHSS) 3 days, simultaneous with procedure 9 no charge
* 12 Register at the Hand Labor Training Institute (Instituto Nacional de Formación Profesional, INFOP) 1 day, simultaneous with procedure 9 no charge
* 13 Register at Social Fund for Housing (Régimen de Aportación, (RAP) al Fondo Social de la Vivienda (FOSOVI)) 1 day, simultaneous with procedure 9 no charge
* Takes place simultaneously with another procedure.

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