1. INVESTORS GUIDE HN - 2021 Starting an Enterprise

1. STARTING AN ENTERPRISE

HONDURAS INVESTOR´S GUIDE 2020-2021

Who performs the procedure? The businessperson or the legal proxy Where is it done? The Chamber of Commerce and Industry of the Municipality or city where the company will operate. Average Time: One business day Cost: It varies according to the subscribed capital and the Chamber of Commerce and Industry closest to the location. * The Chamber of Commerce Registry must be renewed in the years ending in zero (0) and five (5).

1.1 COMPANY´S INCORPORATION PROCESS The Articles of Incorporation is a legal instrument or document containing: the name of the individuals (partners or stockholders) incorporating the entity, entity´s corporate name, the initial capital, duration, nature, and purpose. Who performs the procedure? A notary public Cost: The cost vary according to legal structure of the company to be established. Factors such as the legal fees, the company´s capital stock, and registration fees will also influence the price. Where is it done? A law firm of choice Average Time: Two (2) business days 1.1.1 PREPARING COMPANY ARTICLES OF INCORPORATION REQUIREMENTS Provide the following information and documents to the notary public: a. Company´s name or corporate name b. Description of the activity in which the company will engage. c. Company´s address. d. Initial capital, depending on the legal entity adopted. e. Copy of personal documents of shareholders or partners: identity card or passport; National Tax Registry (RTN, for its acronym in Spanish) of the shareholders; and Municipal tax solvency certification. * With these documents, the notary public will prepare the Articles of Incorporation. For this purpose, the notary public will purchase tax stamps according to the initial capital investment. 1.2 REGISTRATION OF THE ARTICLES OF INCORPORATION AT THE MERCANTILE REGISTRY Every company incorporated according to the provisions of the Commercial Code will register its Articles of Incorporation in the Mercantile Registry

SAMPLE COST IN MERCANTILE REGISTER

ACCORDINGTO ACTOR CONTRACT

REGISTRATION FEE

For an act or contract of undetermined value or when it does not exceed L.1,000.00

L.200.00 for basic registration fee In addition to the basic registration fee, L.1.50 per thousand or fraction of a thousand. L.300.00 for the first ten pages and L.20.00 for each additional page. L.200.00

When the value exceeds L.1,000.00

Complete certifications, registration certificate and legal representation.

Certifications

REQUIREMENTS: Submit documentation at the Mercantile Register SOCIAL MERCHANTS a. Company´s Articles of Incorporation (either Articles of Incorporation, a Private Contract, or through the online platform www.miempresaenlinea.org b. A copy of the identity card of the individual performing the procedure. c. Payment of registration fee, considering the amount of the capital.

Powered by