Honduras is gearing up to host its first World Maquilas Forum. The three-day event will be held in San Pedro Sula on November 27-29. Honduras offers numerous incentives for foreign investment that benefits foreign industry and the local population and economy. Interested parties can register online. The Registration Fee of $1195 per person includes all scheduled events, tours and meals. Juan Orlando Hernández, President of Honduras, will participate in the opening remarks.
The forum will bring together 260 companies of the textile industry worldwide that will arrive with the purpose of learning about the opportunities and advantages that Honduras offers as an investment destination to companies in this sector.
Honduras’ reach to the US market:
2-Flight hours to the U.S.
2-3-Shipping days to the U.S.
8 hr-Driving time from the Pacific to the Atlantic
Last year, Honduras exported more than four billion dollars in clothing generated by the maquilas.
The country offers numerous options for foreign investment:
#1 Exporter to the U.S.
#1 Worldwide exporter of
#2 Worldwide exporter of
#3 Exporter in the Americas
#4 Exporter in the Americas
#5 Exporter to the U.S. of
#7 Exporter to the U.S. of
#7 Worldwide exporter of
- APPAREL MANUFACTURING
- TEXTILE MILLS
- CALL CENTERS
- CIGARS & TOBACCO
- WOOD PRODUCTS
- FOOD PROCESSING
Honduras guarantees the principle of free enterprise, incentives for production and trade treaties that makes Honduras globally competitive. A modern highway network, 5 international airports and the largest port in Central America, Puerto Cortés, Honduras facilitates the importing and exporting process.
(population of 1,190,230)
Second largest city
San Pedro Sula,
(population of 1,100,000)
63% of the population under age 29
Lempira-1 United States Dollar equals 24.10 Honduran Lempira
The average high temperature throughout the country is 32 °C (90 °F), and the average low temperature is 20 °C (68 °F). The annual average temperature within Honduras is 21 °C (70 °F).
POPULATION AND LANGUAGE
Honduras is home to 8.6 million people. Spanish is the main language.
LEGAL REQUIREMENTS FOR DEPARTURE AND ENTRY TO HONDURAS
Most visitors from the United States, Central America, and South America need a valid passport.
Honduras has an exceptionally high biodiversity relative to its size. Its privileged tropical location between two oceans and its topographic conditions create a great variety of habitats, from cloud forests to coral reefs, that are favorable for a wide diversity of flora and fauna.
Electric power in Honduras is 110 volts, same as in the United States. It is recommended to carry a three-to-two prong adapter.
Health and Occupational Safety:
Honduras assesses and controls work-related risks, including:
- Analysis of the Working Conditions.
- Analysis of the conditions of the installations and equipment.
- Ergonomics studies.
- Elaboration of Emergency Plans.
- Technical Assistance for the implementation of the Health and Safety at Work Self-Management Program: “Empresa Segura con Trabajo Seguro (Safe Company with Safe Work)” of STSS.
- Implementation of Programs to Promote the Integral Health of Workers.
Environmental Hygiene Monitoring
The Occupational Safety and Health unit has high technology monitoring:
- Noise Dosimetry.
- Environmental Noise Analysis.
- Lighting Studies.
- Thermal stress studies by heat and cold.
- Indoor Air Quality Studies.
- Dosimetry of Particulate Material.
- Analysis of Vapors and Volatile Organic Compounds.
Honduran training is based on the standards established in the General Regulations for Preventive Measures of Occupational Accidents and Illnesses of Honduras, as well as the United States Occupational Safety and Health Administration (OSHA) Regulations, Safety and Health (NIOSH) and the American Fire Protection Association NFPA.
Social Compliance Unit:
Honduras promotes business conduct that respects fundamental rights at work.
Training and Technical Assistance programs offered by this unit:
- Labor Legislation Program
- Adequate Conflict Resolution Program-RAC
- Freedom of Association and Collective Bargaining
- Training program on Gender issues: Workplace Violence, Sexual Harassment, Labor Psychological Harassment, Domestic Violence,
- Market Requirements: Free Trade Agreements, Codes of Conduct, Commercial Agreements, International Agreements.
- Tax and Customs Update
- Social Protection Laws
- Technical Assistance and Pre-audits in Plant
This unit works together with institutions or organizations that promote Good Labor Practices in terms of compliance with labor rights and Corporate Social Responsibility.
Monthly Minimum Wage US$ 279.00
Minimum Wage per hour US$ 1.16
Collateral Percentage on Minimum Wage 60%
Minimum Wage and Collaterals of the textile manufacturing industry. Source: Asociacion Hondurenia de Maquiladoras.
US$ per Month
|US$ per Hour|
|Half Year Bonus||
|Bonus for Education||
|Option for Annual Severance||
|TOTAL COLLATERAL CHARGE||
|Wage w/collateral charge||
Community Child Care Program
The Honduran Manufacturers Association (AHM), and the laborers’ associations (CGT, CUTH, and CTH), have designed a Child Care Program for the children of the workers between the ages of 42 days and 5 years old. This population is part of early childhood development. They invest in early childhood to protect the social and physical potential of the child by providing community services that address health, nutrition, education, water, environmental sanitation, and emergency care for households and communities where childcare actions are carried out.
- Nutrition and basic health care;
- Compliance with legal and registration activities of girls and boys;
- Adequacy of protective physical spaces;
- Compliance with the management system of the child care homes, within the regulations established by the government of Honduras through the DINAF.
Social Housing Program
CONVIVIENDA, has the sole purpose of providing support to workers in the industrial manufacturing sector in the country for new house acquisition.
The Manufacturing Sector Bonus Program consists of granting a bonus with a maximum value of L 110,000 as described in the following table:
|Family Income||Bonus||House Value|
|½ Minimum wage to 2 minimum wages||L. 110,000.00||Up to L. 800,000.00|
|2 minimum wages to 3 minimum wages||L. 100,000.00||Up to L. 800,000.00|
|3 minimum wages to 4 minimum wages||L. 90,000.00||Up to L. 800,000.00|
Financing for Housing Maquila Sector
Pilot Project, Choloma, Cortés
Subsidy with Government Funds through Convivienda = L 90,000
|Value of Housing||L. 320,000.00|
|3% premium (It covers the interested party to apply for the bonus)||L. 9,600.00|
|Amount of the Loan (Banco de Occidente)||L. 200,400.00|
|Total fee (includes insurance)||L 1,894.24|
|Total Closing Expenses||L 9,800.00|
To Apply Workers Must Meet the following requirements:
- Be employed with a minimum of 6 months.
- Family income greater than L.9,000.00
- Do not own a home.
- Have not received bonuses previously.
- Select a home in Certified Projects.
Submit the required documentation:
- Fill Credit Application of the Financial Institution, Insurance Form and Application Form to the Convivienda Bonus.
- Copy of Cédula and RTN (Applicant and Spouse).
- Proof of work with deductions and production of the last 6 months.
- Copy of the rent receipt for the last 3 months.
- Copy public receipt.
- Proof of not owning goods.
- Opening of Savings Account and deposit of 3% of premium
Honduras is committed to attracting foreign investment and opportunities for its own residents to work, own their own homes, raise their children, develop skills and rise up in management. For the 2017 annual report, click here. The story below captures a story of resilience and hope:
To learn more, visit the Asociacion Hondurenia de Maquiladores.
To register for the First World Maquila Forum in Honduras, click here.
Event’s speaker bios.
Pre-Conference Beach & Golf