3. INVESTORS GUIDE HN - 2021 National Investment Council

3. INVESTORS GUIDE HN - 2021 National Investment Council

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NATIONAL INVESTMENT COUNCIL (CNI) (PROMOTION AND PROTECTION OF PRIVATE INVESTMENTS)

CONTENT

3.1 3.2 3.3 3.4

NATIONAL INVESTMENT COUNCIL (CNI) MAIN PURPOSE OF NATIONAL INVESTMENT COUNCIL LEGAL SERVICES FOR INVESTORS ECONOMIC-FINANCIAL SERVICES TO THE INVESTOR

3. NATIONAL INVESTMENT COUNCIL

INVESTOR'S GUIDE HONDURAS 2020 - 2021

3. 1 NATIONAL INVESTMENT COUNCIL (CNI) Government institution that provides advisory services to facilitate, accelerate, and protect private investment, both foreign and domestic. Its activities are focused on offering relevant information on the legal framework, providing economic and financial advice, as well as assisting investors in facilitating their business processes and operations. The CNI was created by the Legislative Decree (No. 51-2011) the Law for the Promotion and Protection of Investments, for the attraction, promotion, and protection of both foreign and local private investment. Since this is of primary interest of the State, all facilities and guarantees to promote its growth and development will be granted. This Law will be applicable to any natural person or legal entity, whether national or foreign, who acquires tangible or intangible assets in Honduras to obtain a profit by lawful means, except in cases whereby its nature, a provision may only be applicable to foreign investors. 3.1.1 VISION To promote the development and growth of both, local and foreign private investment, as a mechanism to generate economic growth and employment for Hondurans. 3.1.2 MISSION To coordinate public and private efforts to attract, facilitate, accelerate, and protect private investment in Honduras for the improvement of the country’s economy and its inhabitants. 3.1.3 STRATEGIC AXES • Legal Security (Legal Advice). • Economic-Financial Advice (Key Information for Investors). • Promotion and Development of Investments (Facilitation to Productive Sectors and Attraction of Investments with a Territorial Planning approach). • Digitization in Institutional and Governmental Procedures (Institutional Strengthening). • Institutional Administrative Simplification

3.2 MAIN PURPOSE OF NATIONAL INVESTMENT COUNCIL 1. Framing Public Policy Proposals aimed at creating a favorable climate for private investment, both local and foreign. 2. Facilitating procedures and processes for private investors. 3. Promotion, acceleration, and protection of private investment, through efficient, technical, legal, and economic-financial assistance, before, during, and after the establishment of an investment. 4. Promote private investment, by designing and implementating mechanisms for the development of new domestic and foreign investments. 3.2.1 LEGAL MECHANISMS GRANTED BY THE LAW TO THE INVESTOR THROUGH THE NATIONAL COUNCIL OF INVESTMENTS Among the benefits promoted by the National Investment Council are: • Investor Registry. • Fiscal Stability Contracts. • Fast Track for Large-Scale investment. • Conflict Prevention Mechanism. • Guarantee Mechanism for the Completion of Projects on Disputed Real Estate. • Economic-Financial Investor Services. • Investment Attraction Services with a Territorial Focus.

3. NATIONAL INVESTMENT COUNCIL

INVESTOR'S GUIDE HONDURAS 2020 - 2021

3.3 LEGAL SERVICES FOR INVESTORS The National Investment Council offers different administrative procedures aimed at supporting investors before, during, and after the establishment of the investment, excluding only the sectors defined in article 3 of the Law for the Promotion and Protection of Investments. The purpose is to provide legal services to facilitate, accelerate, and promote local and foreign private investment, offering relevant information on the legal framework, promoting the facilitation of procedures and support with investment processes. 3.3.1 INVESTOR REGISTRY The Investor Registry is the instrument that allows identification of investments made or to be made in Honduras, registering both the mercantile society, the shareholders, and participating natural persons or foreigners. The Registry provides statistics on investment types and sectors. BENEFITS GRANTED BY THE INVESTOR REGISTRY The registration offers the following benefits to local or foreign investor: • Registration certficate, which in the case of foreigners, facilitates their immigration procedures. • Free legal assistance for investment and business formalization. • Annual submission of updated information on economic-financial, tax and legal issues. • Invitation to training events on business opening and private investment issues. • Attention to complaints aimed at the protection of investors. • Pre and post investment services. • Guidance for obtaining complementary services for the operation of the business.

3. NATIONAL INVESTMENT COUNCIL

INVESTOR'S GUIDE HONDURAS 2020 - 2021

3.3.2 FISCAL STABILITY CONTRACTS The contract is a commitment signed between the State and one or more private investors, by which both state and municipal taxes remain fixed. These rules will govern a particular investment, for a certain period and they constitute Law between the parties. The fee to apply to this process is 0.25% of the annual sales or services during the term of the agreement. BENEFITS: a. No tax increase in the National and/or Municipal Tax System. b. The non-imposition of new taxes in the same mechanisms. c. Duration of benefit up to fifteen (15) years. REQUIREMENTS: Request addressed to the National Investment Council containing the following information: 1. Investor and Legal Proxy’s >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12

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