5. EXPORTS | IMPORTS
HONDURAS INVESTOR´S GUIDE 2020-2021
of the Free Zones Law and the present Regulations and authorized to operate and administer a Free Zone, is established within the same. b. User: A local or foreign, natural person or legal entity, legally instituted that, having complied with the requirements of the Free Zones Law and the present Regulations, has been established in a Free Zone, operated and managed by an Operator or User Operator and that is engaged in the activities allowed by the Law and its Regulations. c. User-Operator: A local or foreign, natural person or legal entity, legally instituted that, having complied with the requirements established in the Free Zones Law and the present Regulations, and being located within the restricted area, is authorized to operate and administer a Free Zone, and perform the activities the Free Zones Law and these Regulations allow (a combination of Operator and User).
5.3 SPECIAL EXPORT INCENTIVE REGIMES There is an important range of regulatory provisions that control the operation and production in territorial areas
subject to special mechanisms. 5.3.1 FREE ZONES REGIME (ZOLI)
The Free Zones Law is intended to facilitate industry, trade, export and re-export of goods and/or services through local and foreign companies. This is done by means of special regulations for the development of their activities, which must be subject to the provisions of this Law and its Regulations. How to operate in the Free Zone? In order to obtain free zone status, authorization must be requested to the Ministry of Economic Development. BENEFITS: a. Exemption from payment of customs duties, charges, surcharges, internal taxes, excise taxes and other taxes and charges on goods brought into the Area, whether directly or indirectly related to the customs associated to import and export operations. b. Exemption from payment of municipal taxes and contributions c. Exemption from payment of income tax and related taxes. 5.3.2 ACTIVITIES IN A FREE ZONE In the free zone, it is possible to perform operations and activities to: enter, remove, store, handle, wrap, display, pack, unpack, buy, sell, swap, manufacture, mix, transform, refine, distill, assemble, cut, process, and generally operate all kind of goods, products and raw materials, containers and other trade effects. Permanent or incidental operations, transactions, negotiations and activities related to the establishment and operation of the Zone may also be carried out. TYPES OF COMPANIES IN A FREE ZONE The companies that can operate in a Free Zone are: a. Operator: A local or foreign, natural person or legal entity, legally instituteded that, having complied with the requirements
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