There are five commonly used paths to achieving Honduran Residency. Depending on the type of residency you apply for, there are potentially two different Federal Government Agencies involved: Instituto Nacional de Migración and the Secretaría de Gobernación, Justicia y Descentralizacion. Finding a local attorney is mandatory as it’s necessary for them to file your application. All residence types take an average of six to nine months to process in their entirety, but you may enter the country as a tourist and begin your application process while in Honduras.
Getting Honduran Citizenship
Once you have become a Honduran permanent resident, you must wait five years to apply for citizenship. To be eligible, you will need to have spent the majority of your time in the country during those five years.
Just as you need to obtain a good lawyer to get through the Honduran residency process, you will also need one to apply for citizenship.
Five commonly used paths to achieving Honduran Residency
1. Rentista – individuals who have a permanent guaranteed monthly income of at least $2,500 from an external/foreign source. This income can be from rental properties, investment dividends, interests, or other sources that are not related to employment.
2. Pensionado (Retiree) – available for individuals who have a pension-type income (permanent, from a government or financial institution, or business pension fund) of at least $1,500 a month.
3. Inversionista (Investor)
1. Project description and amount of investment, which must be at least US $50,000.00.
2. Proof of having transferred a minimum of $25,000.00 into Honduras at the time of application.
3. Present a timeline for the investment.
4. Within sixty days of a favorable resolution authorizing the Residency, present an Investment Plan.
5. Register with the Secretary of Industry and Commerce.
4. Kinship/Relative – individuals who are directly related to a Honduran national (parent or child) or to a person married to a Honduran national.
5. Permiso de Permanencia de País Como de Empresario de Extranjero – a type of residency via the work permit law which requires the foreigner first to create a Honduran corporation or legal business entity and then applies for residency as the owner of that entity.
Below are the steps to obtain a Honduras Residence Permit:
Step 1: Gather the necessary documents
Step 2: fill out the application form for a Honduras residence permit.
Step 3: Submit the necessary documents and pay your application fee at the Immigration Department
Step 4: wait for the Immigration Department to decide on your form.
Step 5: Make your payment of the final fee once approved.
Privacy World offers its services to anyone, not only looking to obtain residency and/or citizenship processes but our experts figure out legal ways to:
Privacy World can also help you with incorporating your company in Honduras, assisting in getting you settled in the country and coordinating with you so that this experience will be less of a hassle.
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No. The applicant must previously renounce his nationality and indicate his desire to obtain Honduran citizenship before the competent authority.
Where there exists a treaty on dual nationality, the Honduran seeking to obtain foreign nationality shall not lose his Honduran nationality. Likewise, the foreigner shall not be required to renounce his nationality.
Yes. Dependents can be included.
Foreign residents living on their foreign income, including pensions, are not subject to income taxes; only the income earned in Honduras will be taxed. Business income is taxed on annual profits. If you choose to start up a government-approved tourism business (restaurant, souvenir shop, hotel, etc.), you will pay no income tax on your profits for 20 years.
In Honduras, every national or foreign person has the right to acquire real estate directly or indirectly. The only exceptions and/or limitations refer to properties in the border area or coastal beaches.
No. This program is open to all nationalities.
It takes 5 years before you can apply for citizenship in the country.
A Honduras Visa is valid for a maximum of 90 days.
It is possible to extend your Honduran Visa only one time, while you are still in Honduras. The extended period will not be longer than an additional 30 days. You will need to apply for it in time, before the expiration of your current visa.
Citizens and residents are taxed on income earned from worldwide sources.
Non-residents are taxed only on income from Honduran sources, and the tax on any type of income paid to a non-resident must be withheld by the payer.