LEGAL BENEFITS

As part of Honduras' legal framework, all manufacturing facilities located within Green Valley Industrial Park enjoy the following benefits:

• Unrestricted currency conversion
• Duty free import of all production machinery, other equipment, fixtures, spare parts, raw materials and supplies.
• Import and export shipments cleared in less than one day with minimal documentation
• 100 percent foreign ownership permitted
• No government income, sales or corporate taxes or fees
• Unrestricted repatriation of profits and capital at any time.
• Low-cost skilled and unskilled labor available. Ample supply of trainable, productive labor.
• A wide range of local low cost raw materials such as wood, fruits, sugar, vegetables, meats, seafood, leather, coffee, cocoa and spices are available for processing and manufacturing industries.

Foreign companies exporting from Honduras can take advantage of the following special incentives, through the Free Zone Law, established for export companies operating in Free Zones:

• No import or export duties for material, equipment or office supplies required by the manufacturing plant
• Companies are exempt from income, city and county taxes
• 100 percent repatriation of currency is permitted
• Paperwork required to clear incoming or outgoing shipments is minimal