Honduras: Reform to the Free Zones LawWith the reform proposal to the Law of Free Zones presented to Congress, it is intended to reduce from 20 to 10 the requirements that must be met to approve a new free zone.Wednesday, December 4, 2019
After several months of working on the proposal to make changes to the law, the file was submitted to the legislative chamber and prepared by the Honduran Maquiladora Association (AHM), the Ministry of Finance, the Central Bank of Honduras and the Ministry of Economic Development (SDE). Source: laprensahn.com Do you need more information about your business sector?Request more information: Need assistance? Contact us
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Free Zone Law Reforms in HondurasSeptember 2019 The business sector and executive authorities are working on a proposal for reforms to the Law of Free Zones of Puerto Cortés, a project that aims to expand existing incentives for this regime. Proposals for Special Economic Zones LawJuly 2019 In El Salvador, it is proposed that the law discussed in the Assembly, considers the reduction of minimum requirements for investments made in special economic zones, to compensate for the disadvantages of lack of productive activity in the area. Tax Benefits for Companies in Special ZonesFebruary 2019 The regulation for Special Public Economic Development Zones, which came into effect in Guatemala on February 4, establishes fiscal incentives for companies operating under this scheme. El Salvador: Textile Companies Oppose 5% TaxFebruary 2013 The Chamber of Textile, Clothing Companies and Free Zones states that if the new law on Free Zone included the tax, it would drive away millions of dollars in investments.
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