Investor’s Guide

  • Official Name: Republic of Honduras
  • Territory: 112,492 km²
  • Capital city: Tegucigalpa
  • Language: Spanish
  • Time Zone: UTC – 6:00
  • Geographic position: Central America
  • Climate: Tropical with a dry season in winter and a rainy season in summer.
  • Population: 8, 721. 0 expressed in millions inhabitants (2016)
  • Population density: 78,82 hab /km²
  • Energy:
  1. Carbon: 600 MW (2011 -)
  2. Hydroelectric: 570 MW (2007-2015)
  3. Heat energy: 300 MW (2008 -)
  4. Diesel: 300 MW.
  5. Wind power: 60 MW (2009)
  6. Geothermal: 86 MW (2010)
  • Holidays:

  • Growth Rate: 4.1% (BCH, 2017)
  • Active Members: 45 % of the national population is able to work
  • Official Currency: Lempira ( L )
  • Political System:  (Estabilidad democrática política, 5 partidos operando)
  • Scholarship: 7.8 years
  • Educational System:  Pre school Elementary Middle School High School/ Bacherlor Degree College Master PhD
  • Country Ratings:  France: 5 Moody’s: B1 Stable Standard & Poor’s: BB-

Source: http://www.ine.gob.hn/index.php/25-publicaciones-ine/95-generalidades-del-mercado-laboral.html  

Tourism:

  • Access to the second largest coral barrief reef in the world
  • Exotic landscapes in the Bay Islands
  • One of the most important Mayan Cities
  • Privileged location with Access to key tourism markets
  • Young and bilingual labor force

Textile and Apparel:

  • Quick turnaround time provides a convenient answer to the latest supply chain trends and to consumer preferences
  • Globally competitive production costs
  • Environmetally and socially responsable business model

Light Manufacturing:

  • Quick turnaround time provides a convenient answer to the latest supply chain trends and to consumer preferences
  • Globally competitive production costs
  • Young and bilingual labor force

BPO/ITO:

  • Competitive labor costs
  • World class BPO Infrastructure
  • Young and bilingual labor force
  • Strategic geographic location

Agribusiness:

  • Proper tropical climate for production
  • 1 million acres of arable land
  • Land low cost
  • Competitive salaries

Social Housing:

  • Creation and approval of a housing law
  • Promotion and creation of financial mechanisms for financial aid
  • Encouragement of new social housing investments
  • Urban development plans
  • National Investment Council (CNI)

CNI’s main objectives are to design a strategy and a country investment plan with a competitive identity, besides encouraging the transactions in order to open a business. Contact information: Address: Colonia Humuya, Edificio San José sobre el Boulevard José Cecilio del Valle, Tegucigalpa M.D.C., Honduras C.A. Phone numbers: +504  2235-5069 +504 2235-3694 +504 2213-0633 Website: https://sde.gob.hn/consejo-nacional-de-inversiones/

  • Maquila Manufacturers Association (AHM)

The AHM is a non political and non profitable association, created in order to help its associates representing them before private and public institutions; educate about the maquila industry; promote and develop investment and maquila industry exports nationally and internationally. Contact information: Address: Altia Business Park, 12vo Piso, Boulevard Armenta, San Pedro Sula, Honduras. Phone number: + 504 2516 9100 E-mail: servicioalcliente@ahm-honduras.com

  • Honduran Construction Industry Chamber

An independent association of companies dedicated to various activities within the construction industry, its main goal is to ensure the best conditions for the business development of construction firms.  Contact information:   Address: Colonia Florencia Sur, Costado sur del kinder Happy Faces,Casa #2525 Tegucigalpa, M.D:C. Francisco Morazán Honduras   Phone numbers: +504 2239-2029   Website: http://www.chico.hn

  • Honduran American Chamber of Commerce (AmCham)

The Honduran American Chamber of Commerce is an independent institution, non political and non profitable. It was founded in 1982, and represents companies from the private sector and composed by American, Honduran and other companies.     Contact information:   E-mail:  amcham@amchamhonduras.org   Address: Tegucigalpa, Edificio Torre Alianza I, 7 nivel, Colonia Lomas del Guijarro Sur, Boulevard San Juan Bosco, frente a las oficinas principales de Citi. Tegucigalpa   Phone numbers: + 504 2271-0094 / 0095 / 0096 Fax: 2271-0097

  • Honduran Tourism Chamber (Canaturh)

The Honduran Tourism Chamber is a non profit organization constituted in 1976, its main purpose is to support the private tourism initiative with the collaboration of its associates and founders.     Contact Information:   Address: Col. Lomas del Guijarro Sur, calle Paris, Ave. Niza No. 1223, Tegucigalpa   Website: http://www.canaturh.org/canaturh/   E-mail: canaturh@canaturh.org   Phone numbers: + 504 2232 1927 + 504 2232 6681  

Recently, Honduras has done a significant effort to modernize and grow its logistic infrastructure. In the past five years, the country has made an important investment in facilities for competitiveness, such as ports, airports and first level roads.

Our privileged location gives us access to both the Pacific and the Atlantic Ocean. A true modern marvel excelling Central American standards is our port, Puerto Cortés, located in the northern Atlantic coast.

This port is the center of transportation and commerce in Honduras. With a terminal area of 62.2 acres and an annual capacity of 1.8 million TEUs. Puerto Cortés is the only port that is part of the Container Security Initiative (CSI). Additionally, it has been certificated with ISPS, ISO 9001, ISO 14001 and OSHAS 18001.

Road infrastructure has also had a great development. The interoceanic Logistic Corridor, which runs 391.8 kms, linking the Pacific with the Atlantic Ocean, is a crucial point of connection for Central America, providing regional trade of goods and services. It is a modern and safe route with high levels of maintenance, providing the conditions for both efficiency and effectiveness required by cargo and passenger transportation and the connection of the so-called dry canal, being the most important road in Honduras and one of the most important in Central America.

Honduras has 4 international airports in key geographical areas. A fifth, state of the art airport named Palmerola, is currently under construction, starting operations by 2019. There are 13 international airlines and 6 local airlines currently operating, transporting more than 2 million of passengers each year.

2016 Main Good Exports (in million USD $)  

(Central Bank of Honduras, 2016)

National Banking System Key Indicators The Honduran Banking Association (AHIBA), as part of their services, elaborates the periodic analysis of the National Banking System numbers to show the main account transactions. Presented the following key points in their September 2017 report:

  • Honduran Financial System is composed by 15 commercial bank institutions with a total of 4,381 attention offices throughout the country, employing more than 21,000 people in Honduras.
  • As of September 2017, the total assets (in million lempiras) add up to L 487, 797,000.00, while the liquid assets summed up to L 134,427,000.00
  • The public deposits reached L 294,571,000.00, from which a 72.1% represents L 204,205,000.00 in national currency and a 27.9% foreign currency with a conversion to the national currency equal to L 90,366,000.00.
  • The country loan’s portfolio was L 265,780.000.00, with the following distribution: 69.7 % (L 193,391,000.00) in national currency and a 30.3% (L 72, 389, 000.00) in foreign exchange.

To find out more about the Honduran Banking System Association (AHIBA), visit their web site. Link: https://ahiba.hn/indicadores-financieros/  Source: National Banking Quarter Numbers September 2017

    Security

  • The Prevention, Peace and Harmony Cabinet of the Honduran Government highlighted on its 2014-2018 Accountability Report, achievements on effective prevention and homicide rate reduction to 42.8 for every 100,000 inhabitants, making Honduras the leading country in the region on that area.
  • This rate is the lowest since 2006, when 46.2 homicides per 100,000 inhabitants was registered. Since then, the rate increased reaching 86.5 homicides in 2011, to decrease sharply in the Government of President Juan Orlando Hernandez.

Honduras is communicated via internet through the submarine cables Maya 1 and Arcos 1, as a part of the Network Access Point of the Americas (NAP), which makes it country with excellent redundant connectivity. The National Telecommunications Commission, in its recent report regarding the country’s telecommunications included several interest key points, such as:

  • On the fourth quarter of 2017, abandoned mobile lines reached a total of 7,965,024
  • At the end of 2017, the mobile phone density (concerning the number of mobile phone lines per 100 citizens) reached a value of 90.58 which means that 90 of every 100 citizens own a mobile line.
  • There was a growth of 1.44% equal to 3,229 minutes on the total mobile traffic originated through the mobile phone network, regards the previous quarter.
  • In 2016 the internet user density per 100 citizens reached a value of 29.5, which represents the quantity of internet users per each 100 citizen.
  • According to the National Statistics Institute (INE)
  • Se estima una cantidad de usuarios de Internet, según los datos proporcionados por el INE, misma que alcanzó un total de 2,594,136 personas al finalizar este trimestre del año, observándose un crecimiento de 0.41% con respeto al trimestre anterior.

Link:  http://www.conatel.gob.hn/doc/indicadores/2017/Desempe%C3%B1o_del_Sector_De_Telecomunicaciones_2T2017.pdf

    Source: National Telecommunications Comission, CONATEL Telecommunications Sector Perfomance Quarterly report September 2017