Honduras

Ease of Doing Business in

Honduras

This page summarizes Doing Business 2013 data for Honduras. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region Latin America & Caribbean
Income Category Lower middle income
Population 7,754,687
GNI Per Capita (US$) 1,970
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
125 129 down 4

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
57.5 56.9 down 0.6
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 155 152 up -3
Dealing with Construction Permits 65 65 No change
Getting Electricity 117 112 up -5
Registering Property 92 95 up 3
Getting Credit 12 9 up -3
Protecting Investors 169 167 up -2
Paying Taxes 139 144 up 5
Trading Across Borders 90 108 up 18
Enforcing Contracts 179 179 No change
Resolving Insolvency 133 134 up 1

Economy Profile

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Starting a Business

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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 2013 Rank 155 DB 2012 Rank 152 Change in Rank down-3
DB 2013 DTF** (% points) 69.7 DB 2012 DTF** (% points) 69.6 Improvement in DTF** (% points) up0.1
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).

View methodology 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.

View methodology Time (days)
14 53 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.

View methodology Cost (% of income per capita)
45.9 33.7 4.5

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)
15.7 3.7 13.3
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 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 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 Lps.1.5 for each Lps.1,000 of corporation capital (Derechos de registro/registration fees) + Lps.30 up to Lps.300,000 of the capital and Lps.10 for each Lps.100,000 after Lps.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 fee
9 Apply for an operational permit (Permiso de Operación) from the municipal authorities 1 day Lps. 1,250
* 10 Register for Sales tax and acquire the authorization of the company books 2 days, simultaneous with procedure 9 nominal fee
* 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.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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