Honduras Approves Law on Charter CitiesCongress has approved a law governing the Special Development Regions (REDs in Spanish).Friday, July 29, 2011
The law states that the REDs are allowed to have their own budget, the right to collect and administer their own taxes, to determine the rates they charge for their services, to hold all types of contracts that extend to the next period of government, and manage their own internal and external debts as long as they have the approval of the State of Honduras. Source: Congreso Nacional de Honduras ¿Busca soluciones de inteligencia comercial para su empresa?
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