7. LEGAL ASPECTS AND INCENTIVES
INVESTOR'S GUIDE HONDURAS 2020 - 2021
j. A copy of the current operation permit, authenticated by a notary public. k. Certification from the Revenue Administration Service (SAR), of having started operations and the activity of the commercial establishment. l. Profit/loss statements and balance sheets authorized by a chartered accountant, with the corresponding stamps and professional seal. m. Payment of the corresponding special stay permit fee for each year: One Hundred American Dollars (US$100.00) per person. n. Payment of the corresponding fee for certificates, certifications or statements: Two Hundred Lempiras (L. 200.00). o. Sketch map and photograph of the commercial establishment *All the documents from abroad must be duly legalized. Those authorized in a foreign language must be officially translated by the Ministry of Foreign Affairs or the consulates of Honduras. SPECIAL STAY PERMIT FOR FOREIGNERS EMPLOYED BY CONTRACT The authorization granted by the National Institute of Migration, to foreigners hired as temporary employees by a natural person or legal entity. Who performs the procedure? The Legal Proxy Where Is It Done? The National Institute of Migration Cost: US$100 per year + L. 200.00 for the certification Average Time: 30 business days
7. 1 HONDURAN INSTITUTE FOR MIGRATION The purpose of this Law is to regulate the State’s migration policy, the entry and exit of nationals and foreigners, the latter’s stay in Honduran territory, and the issuance of migration documents. 7.1.1 SPECIAL STAY PERMIT FOR BUSINESSPERSON The National Institute of Migration indicates that foreigners applying for a special permit in the category of businessmen, on the basis of the provisions of article 39 of the Law for Migration and Foreign Affairs; and articles 42, 43, 69, 70 and 127 of the Regulations of the same Law, must meet the following requirements: Who performs the procedure? The Legal Proxy Where Is It Done? The National Institute of Migration Cost: US$100 per year + L. 200.00 for the certification Average Time: 30 business days REQUIREMENTS: a. Each petitioner must submit a request to the Head of the National Institute for Migration. The request must contain an address and telephone number of the foreigner and of the Legal Representative. b. Stamps required by law duly cancelled and adhered to the application. c. Authenticated Power of Attorney containing Legal proxy general information, the powers with which she/he is invested, address, phone, fax number and e-mail. d. The applicant and each relative will present a recent photograph (six (6) centimetres tall by five (5) centimetres wide) taken from the front. The name of each person must be indicated on the back of the photograph. e. Certificate of the criminal record of the country of origin and country of last residence, duly authenticated. f. If older than eighteen (18) years, original certification issued by the Investigation Police Directorate (DPI, for its acronym in Spanish) of not having complaints against or criminal record. g. Medical certification not older than six (6) months from the date of submission of the application. h. A copy of passport, duly authenticated i. A copy of the Declaration as a Merchant, or the company´s Articles of Incorporation, duly authenticated.
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