Auxadi Honduras

The Republic of Honduras has an enviable location in Central America and has maintained economic growth over the last few years, fortified by the inflow of foreign investment and family remittances. Honduras is heavily dependent on agricultural products such as bananas, coffee, and sugar for its foreign exchange earnings.

A member of the WTO, Honduras has signed 12 trade agreements, giving preferential treatment to more than 40 trade partners, the largest of which are the United States, Central American countries and the EU (in particular Germany). There are also 11 bilateral investment treaties which support the protection and promotion of investment with commercial partners.

The government has been developing strategies to increase employment, open markets and attract foreign investment, and has established a National Investment Council to take advantage of the country’s opportunities; its strategic location with access to both coasts, its growing industrial base, its young population, and a desire to diversify exports. The Council focuses on six priority sectors; tourism, textile and clothing, light manufacturing, outsourcing services, agribusiness and social housing.

Honduras ranks 133/190 on the World Bank’s Ease of Doing Business. Investments face various challenges, but the country has assets that attract foreign investors including good levels of productivity, decentralisation, privatisation of many sectors, and establishment of Free Trade Zones (ZOLI).

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Honduras

The Republic of Honduras has an enviable location in Central America and has maintained economic growth over the last few years, fortified by the inflow of foreign investment and family remittances. Honduras is heavily dependent on agricultural products such as bananas, coffee, and sugar for its foreign exchange earnings.

A member of the WTO, Honduras has signed 12 trade agreements, giving preferential treatment to more than 40 trade partners, the largest of which are the United States, Central American countries and the EU (in particular Germany). There are also 11 bilateral investment treaties which support the protection and promotion of investment with commercial partners.

The government has been developing strategies to increase employment, open markets and attract foreign investment, and has established a National Investment Council to take advantage of the country’s opportunities; its strategic location with access to both coasts, its growing industrial base, its young population, and a desire to diversify exports. The Council focuses on six priority sectors; tourism, textile and clothing, light manufacturing, outsourcing services, agribusiness and social housing.

Honduras ranks 133/190 on the World Bank’s Ease of Doing Business. Investments face various challenges, but the country has assets that attract foreign investors including good levels of productivity, decentralisation, privatisation of many sectors, and establishment of Free Trade Zones (ZOLI).

Make an enquiry

Why Auxadi is trusted as an expert outsourcing provider in Honduras

Auxadi is your ideal partner in Honduras to support you with your global expansion and investments. We provide leading accounting, tax compliance and payroll services – aligned to help make life easier for our clients.

Launching a business in Honduras can take around 13 days though, once the entity is created, registrations with the tax offices and specific permits to begin operations may take several months. New companies must register with the Mercantile Register and the National Tax Registry, and incorporation is not complete until operating licenses are obtained.

Through a single-point-of-contact delivery model and our leading MySPV technology platform, we offer an unrivalled solution that can help you grow your business.

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International Accounting, Tax and Payroll in 50 countries

Corporations

We can help you with your international expansion and we serve more than 600 clients across many different sections. We become an extension of your finance departments abroad and you can access the accounting information of all your international subsidiaries through a single portal, customised to meet your needs.

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With nearly $7 billion of assets under management, we can take of the corporate management and SPV administration of your investment structures. Whether you’re creating a holding structure in Luxembourg or setting up a SPV in Europe and Latin America, we offer accounting, reporting, tax compliance and directorship solutions to help make your life easier.

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Our services

Tax Specialists

Changing tax regimes are often more challenging than any other component of international business. Corporation tax in Honduras is fixed at 25%, and is known as the ‘income on lucrative activities regime’. VAT of 15% is payable on both domestic and imported goods and services.

Transfer pricing is particularly important in Honduras. If a Transfer Pricing study isn’t conducted, the government analyses differences between transactions by related parties versus independent parties and will levy a 15% or 30% tax on the difference.

We’re experts in international taxation and can help you to comply with local tax requirements in Honduras using our purpose built automation technology, ensuring your operations remain tax compliant.

  • Tax compliance – covering multinational, federal, state, and municipal taxes
  • Official Books and Annual Accounts
  • Assistance with tax inspections and audits
  • Tax reviews and claims
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Accounting Specialists

Honduran accounting standards are ruled by International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISAs). Financial statements must be signed by someone registered with the Official College of Surveyors and Public Accountants or with the Honduran Association of University Professionals in Public Accounting.

Accounting Books must be submitted in January of the following fiscal year. They must be bound, foliated, and authorised by the competent territorial authority.

We help global corporations and fund managers with all their corporate accounting requirements, using our bespoke MySPV technology platform.

Our accounting experts in Honduras can help manage:

  • Accounting and bookkeeping
  • Management accounting
  • Statutory accounting
  • Official Books and Annual Accounts
  • Cash management (including payments)
  • Reporting
  • Consolidation of finanical statements
  • Bank account tracking
  • Treasury and cash flow forecasts
  • Audit assistance
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Payroll Specialists

The minimum wage in Honduras is renegotiated regularly between the government, private sector and labour unions, and is determined by sector and number of employees.

Annual paid vacation must be at least 10 workdays per year, and two bonuses of two complete salaries are required per year (one paid in June and another paid in December).

All foreign companies must hire Honduran workers; at least 90% of the total workers must be Honduran and at least 85% of the total payroll has to go to Hondurans.

Our experienced and knowledgeable team of payroll specialists in Honduras will use our unique payroll technology platform to manage your payroll function.

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Monitor and manage your international subsidiaries with our MultiCountry online platform

Access our online platform that provides you with a global and harmonized view of the accounting of your international subsidiaries, with drill down functionality to check support documentation, such as: invoices, outstanding creditors, approve payment orders, manage the payroll processing cycle and so much more. Request a demo to see how our technology can help you.

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Meet the team

Germán Salgado Valle
Country Manager Honduras

Claudia Nunes

Claudia Nunes
Director International Corporations

Auxadi in Honduras

Parque Empresarial Los Proceres,
Torre Corporativa I, Torre I, Local N°1
11101 Tegucigalpa
Tel: + 504 2269 1217

Get in touch with our team in Honduras to find out how we can help your accounting, tax and payroll needs.