The U.S. Ambassador highlights the existence of the high perception of corruption, lack of legal certainty and obstacles to the establishment of foreign investment in the country.
An article on Laprensa.hn reports that "U.S. Ambassador Lisa Kubiske, emphasized that every country needs investment and Honduras ... can not afford to ignore implementation of policies that expedite processes for the arrival of large projects 'There's a company that wants to invest hundreds of millions of dollars in Honduras, but has not been able to start work because they have been waiting for a response to their request for an operating permit for nine months. With this kind of treatment why would a company would wait here? What they do is simple, they go to a neighboring or distant country where they do open the doors to them... and other investors will shy away from the country having seen this case. '"
Movements in the bank accounts of U.S. citizens residing in Honduras will be reported to the Treasury Department of the United States.
The Law on Foreign Account Tax Compliance (FATCA) is a U.S. law that requires citizens of that country, including those living abroad to provide information regarding money held in bank accounts outside the United States by requiring foreign financial institutions to report to the Internal Revenue Service (IRS) about their U.S. customers. The U.S. Congress enacted this law to make it harder for U.S. taxpayers to hide assets and shell companies held abroad, in order to prevent tax evasion.
Representatives from U.S. companies are to meet with potential partners and customers in Tegucigalpa and San Pedro Sula.
"The mission is comprised of companies who are considering entering or expanding their business in Central America, including 22 North American firms from fourteen different states, which represent broad industry sectors with growing potential in the region," noted an article in Elheraldo.hn.
The Customs Economic Operator project seeks to facilitate a safe way for customs clearance for imports and exports.
From a press release issued by the Executive Directorate of Revenue (DEI):
The advances in the Customs Economic Operator project (OAE by its initials in Spanish) to safely facilitate clearance of goods at regional and global level by Honduran private companies, were presented by the Executive Directorate of Revenue (DEI), in a workshop entitled "Developing a competitive advantage in today's market through public-private dialogue. "
The Honduran Executive has approved an oil concession in the Caribbean to the British company BG Group.
From a press release issued by the Presidency of Honduras:
The Cabinet on Tuesday approved a contract for exploration and subsequent exploitation of hydrocarbons in the sea area of Mosquitia, on the Caribbean coast of Honduras, awarded to the British company BG Group.