Honduras, strategically located in the heart of Central America, is bordered by Guatemala to the west, El Salvador to the southwest, Nicaragua to the southeast, the Caribbean Sea to the north, and the Pacific Ocean to the south.
The economy relies heavily on a range of exports, notably apparel, bananas, and coffee. However, it has emerging sectors in agriculture, textile, light manufacturing, sustainable tourism, and business services. It is also Central America’s second largest coffee producer.
The gross domestic product (GDP) composition by sector is: service 57.8%, industry 28.4%, and agriculture 13.8%. The United States-Central America Free Trade Agreement (CAFTA) entered into force in 2006 has helped foster investment in this country. The economy expects to register positive economic growth in 2019.
HLB provides accounting services, tax work and audits to both public and private sector companies in Honduras and internationally.
Latest insights, case studies and news from across the network
Trade barriers and opportunities in a challenging international market
Trade barriers have been an increasing concern to business leaders across the globe, but there are also opportunities to enter new markets. We study Canadian food producers access to the...
The impact of Wayfair
What does South Dakota v. Wayfair 5-4 decision mean for internet and mail order retailers, consumers and US state tax regulators? HLB’s International Tax Webinar Eps 2 will delve into...
Tax arrangements between the Netherlands and Curaçao
The grandfathering period for dividend withholding tax under the old tax arrangement between the Netherlands and Curaçao terminates 31 December 2019.
Get in touch
Whatever your question our global team will point you in the right directionStart the conversation