Honduras has maintained fairly constant economic growth over the past few years, fortified by an inflow of foreign investment and family remittances.
The services sector represents 61% of GDP, with a boom in trade, hospitality, repair services, BPOs, and real estate. Industry makes up just 26% of GDP, mainly in manufacturing and the maquila sector (foreign-owned factories where imported parts are assembled by workers into products for export), largely due to low production costs.
The Government has promoted several measures to generate jobs and attract investment. These include the 20/20 Plan, which seeks to boost the competitive advantages of the textile, manufacturing, housing, tourism, agri–business and BPO services sectors. However, it’s ranking of 133/190 for Ease of Doing Business means that it’s not as easy to launch in Honduras as you’d think.
AUXADI can become your ideal investment partner in Honduras. From our offices, located in San Pedro Sula and Tegucigalpa, we offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.