Honduras

Ease of Doing Business in

Honduras

This page summarizes Doing Business 2015 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 8,097,688
GNI Per Capita (US$) 2,180
City covered Tegucigalpa
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
104 100 down -4

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
60.61 60.83 down -0.22
Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

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 2015 Rank 138 DB 2014 Rank*** 129 Change in Rank down-9
DB 2015 DTF** (% points) 74.84 DB 2014 DTF** (% points) 74.75 Change in DTF** (% points) up0.09

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

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)
12.0 8.3 4.8

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)
14.0 30.1 9.2

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)
39.0 31.1 3.4

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
Paid-in min. capital (% of income per capita)
11.5 3.2 8.8
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.

**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...

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

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