1. STARTING AN ENTERPRISE
HONDURAS INVESTOR´S GUIDE 2020-2021
1.8.3 AUTHORIZATION OF FINANCIAL STATEMENTS AND MINUTES This document is issued by the different Municipalities to ensure that the company operates in accordance with municipal laws. Who performs the procedure? The businessperson or the legal representative Where is it done? The Municipality where the company will operate. 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: Payment of one Lempira (L.1.00) per folio and five hundred Lempiras (L.500.00) required for each financial statement, which will be deposited in Banco Ficohsa. REQUIREMENTS: a. Valid business Operation Permit (original and copy for comparison). b. Statements duly listed in correlative order. c. A numbered booklet containing only the accounting information corresponding to one (1) year prior to the current year. d. Statements authorization request, addressed to the Municipal Secretary. e. Corresponding payment
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