1. INVESTORS GUIDE HN - 2021 Starting an Enterprise

1. STARTING AN ENTERPRISE

HONDURAS INVESTOR´S GUIDE 2020-2021

c. A copy of the identity document of the owner(s) or Legal Representative. d. A copy of the numerical RTNof the company or Legal Representative. e. A copy of the identity document of the person authorized for the procedure (if applicable). f. Sketchmap of location of the property g. Account Statement tax solvency (real estate) from the last years. h. If the area of use of the establishment is greater than 75 m2, Form F-01 (for Business compatibility) should be used. i. Economic activity identification ticket j. A copy of the RTNof the Corporation k. A copy of Identity Card of the legal representative and/or power of attorney. l. A copy of theMunicipal Solvency of the current legal representative m. A copy of theArticles of Incorporation of the corporation n. Industry, Trade and Services Tax Affidavit Form (ICS, for its acronym in Spanish) o. Authenticated power of attorney , if not the legal representative p. Rental Agreement of the premises (if not own) 1.8.2MERCHANT a. Fill in theAffidavit form. b. Show Identity Card. c. Legal representative or owner (must not owe personal tax). d. Authenticated power of attorney , if not the legal representative * Depending on the activity in which the company is engaged, the Municipality may request other permits and technical studies. * Municipalities will not authorize Operating Permits to any Merchant, natural person or legal entity that does not previously register or renew the registration in the respective Chamber of Commerce. Details of the procedure for the Municipalities of San Pedro Sula and Tegucigalpa at the following links: SANPEDRO SULA: https://www.sanpedrosula.hn/storage/app/media/PDF/Gobi erno%20Digital/Servicios/licenciadeoperacion.pdf TEGUCIGALPA https://www.amdc.hn/index.php/aer

1.7MUNICIPAL SOLVENCY FOR FOREIGNERS Requirement to carry out municipal procedures such as: Opening and renovation of business, change or modification of sales volume, certificate of possession or non-possession of real estate, certification of neighborhood, etc. REQUIREMENTS: a. Individual affidavit form (income affidavit for personal tax) b. A copy of valid Residence Card or passport, and a copy of the certication of entries to and exits fromHonduras c. If not the owner, authenticated power of attorney and copy of the identity card of the authorized person d. For solvency replacement due to loss, theft ormisplacement,no form needs to be filled in; go directly to the Municipality Assist, Understand and ResolveAER (spanish acronym) offices and pay L.30.00 1.8 OBTAINING AN OPERATION PERMIT (TEGUCIGALPA) Document issued by the different Municipalities to ensure that the company operates in accordance withmunicipal laws. Who performs the procedure? The businessperson or legal representative Where is it done? Municipality where the company will operate. In Tegucigalpa it can also be done at the Chamber of Commerce and Industry of Tegucigalpa (CCIT, for its acronym in Spanish) Average Time: It depends on the Municipality where the procedure is done and the type of company. In the Municipalities that have carried out the administrative simplification process, the average time for the companies that are engaged in trade and services, can be one day. Cost: Varies according to the Municipal Office where the procedure is carried out. REQUERIMENTS: 1.8.1 COMMERCIAL LEGAL ENTITY a. Compatibility approved by the Construction Control Management or Historic Center Management through the Offices of Assist, Understand and Resolve (AER, for its acronym in Spanish) of the Municipality of Tegucigalpa. b. Certificate of Compatibility Form (CC, for its Spanish acronym) containing complete information and signed by the owner(s) and / or Legal Representative. (LINK http://amdc.hn/images/PDF/COMPATIBILIDAD-UNICA.pdf).

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