Why Honduras?

Honduras has become Central America’s apparel production center due to the many advantages it offers. Today, it is the third largest worldwide clothing supplier to the U.S. market, and number one in the region and the Caribbean.
It has further strengthened its position by implementing the Full Package concept, whereby items are manufactured in their entirety in the country, from the cloth, to the buttons, and packaging under international brand names. Along these lines, this sector offers business opportunities to efficient suppliers, be they small or medium companies, that can interact among themselves to produce great added-value.

Qualified Labor force

A young work force composed of more than 2 million Hondurans between the ages of 18 and 35.

• 10 universities throughout the country that graduate educated professionals.
  Among the lowest labor costs in the region.
• Availability of qualified bilingual personnel, a product of more than 150 bilingual institutions, many of them certified by the Southern Association of Colleges and Universities of the United States.
• The availability of young technicians trained at local institutions, including the new regional textile university in San Pedro Sula which will soon offer training in electronics
• A multitude of training programs provided to employees by their companies

Access to the global market

Incentives

Honduras is governed by a democratic system with solid institutions, a transparent legal system, and political and social stability since 1980 and has implemented laws that protect and promote foreign investment provide export-oriented companies fiscal and legal incentives highly favorable to investment. Honduran law offers permanent tax exemption in several categories. Any part of Honduras can be an Industrial Processing Zone/Free Zone where companies are exempt of all taxes

Honduras welcomes foreign capital as the engine of the country’s economy. Over the past 25 years, successive democratic governments have created a pro-business environment that both promotes and protects productive private investment.

Establishing a business in Honduras
 

The procedures required to register an investment in Honduras have been greatly simplified. In the past year alone the time required has been reduced to 42 days, twenty fewer than those indicated in the World Bank’s annual Doing Business report. This major improvement is the result of the reform and administrative simplification process managed by "Honduras Compite" as part of the National Competitiveness Program.

Another improvement is the full digitalization of the country’s property registry which greatly facilitates the purchase and sale of land.

Administrative Simplification Law

The objective of the Law is to establish a process to simplify or reduce administrative procedures with the purpose of guaranteeing that State entities act in accordance with the requirements of the economy – speed, efficiency, and a spirit of service, to satisfy the needs of all interested parties.
 

Very, very close.

Honduras is located in the Heart of Central America with an extension area of 112,492 Kms. Approximately, 1,000 miles southeast of the United States, 2 hours by plane and 2 to 4 days by ship from any main southern port entry of the United States.

More than 300 companies have established operations in Honduras in the last few years, particularly in the areas of apparel manufacturing, textiles, harnesses and electronic parts, agro industry and tourism. Honduras is one of the main suppliers of apparel products to the United States: it is number one within the Caribbean and Central American region, and third in the world. It is also the second largest supplier of electric harnesses to the US market.

Advantages offered by Honduras:

1. 5 major ports including Central America’s largest, most efficient and certified port in the Atlantic coast, Puerto Cortés
   Four international airports

2. Modern highway, connecting the most important cities with all ports and airports.

3. Four international airports

4. Only two hours by air and 48 to 72 hours by sea to the U.S.

5. Among the lowest logistical costs in the region.

6. Honduras serves as a distribution platform of Central America.