When looking for a jurisdiction in which to incorporate, the first thing to look at is the legal code. The body of law in Honduras is civil law law. You will want to get some local advice as to how to best structure a company in Honduras. E-signatures are allowed.
The abbreviation HN is for Honduras and the most common legal entity structure in Honduras is a LLC(Sderl).
When setting up, budget about 6 weeks to put together the paperwork and file a LLC(Sderl) in HN. The types of cash you can use to fund your company is often legal currency.
Yes, one is allowed to re-domicile a LLC(Sderl) from HN. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least This means it is not possible for you to own a LLC(Sderl) in Honduras as a sole shareholder. You must have other shareholders, they can be nominees or de facto shareholders. Corporate Shareholders are encouraged, which means you can have a corporate shareholder. Foreign ownership is tolerated, up to % of the ownership of the legal entity.
A company is only required to have one director. Furthermore, corporate directors are permitted. Directors data is typically not exposed publicly. There is a body of law which requires companies to hold an annual meetings of shareholders.
However, a company secretary is not always necessary, at least not by law.
There is a requirement to file accounts to relevant authorities. However, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are in effect. A company is thinly capitalised when there is a greater proportion of debt than equity. The minimum capitalization for a Honduras Civil Law is 5,000.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are not disclosed in the public registry of Honduras, Chamber of Commerce and Industry. Shareholders are not disclosed in the Chamber of Commerce and Industry.
Typically companies take 6 weeks to setup and there are 1 director(s) required and 2 shareholder(s) required at the time of incorporation.
Overall we think Honduras is a ok option and have given it a score of 56 as an IO score, using the Incorporations.IO proprietary formula.
6 weeksto form