| Utila Bay Island - Buying Real-Estate Foreigners, as individuals, are allowed to purchase up to 3000 square meters of land, which is about 3/4 of an acre. To overcome this limitation, you must form an Honduran corporation. Forming a Honduran corporation is done through a Honduran attorney at a cost of about $400. In designating yourself as 'General Manager' and/or 'Administrator' of the corporation, you are entitled to all the rights of a Honduran citizen, regarding ownership of your property and corporate finance. This is a shareholding corporation where you are the sole shareholder. Immigration policy and an open government allow foreigners to gain legal resident status as retirees, investors and employees of Honduran Corporations. The cost of residency is $2000.00 U.S. The Bay Islands welcome new investment and will be the "Discovered
Islands" in the near future. This is a fantastic time to invest.
There are many new government incentives in the works including
a Free Trade Zone and Free Port. Also, an existing government incentive
grants 10 year tax free status for tourism related projects. |
