The Central American Free Trade Agreement (CAFTA) has opened an array of investment opportunities in Honduras for American investors. Coordinate investments to ensure financial security while trading in banks of Honduras. Banks feature favorable investment laws and rules for foreigners wishing to take advantage of services for global banking. Honduras is centrally located in the Caribbean region with smaller banks and limited but growing technology.
Honduran banks are located in most areas of the country and require citizens from abroad to present a passport to open a bank account. Banks accept funds in US dollars or the local currency, Honduran lempiras. Although there are a limited number of international banks in Honduras, many private banks are prepared to handle investment and foreign trade issues for your business banking.
As you look into opening a bank account in Honduras, remember to do the following:
1. Assess investment opportunities provided by banks in Honduras.
2. Take advantage of favorable investment terms offered by the CAFTA.
3. Review services offered by international banks for foreigners.
Coordinate investment opportunities with services from Honduran banksEducate yourself on the economy of Honduras, foreign exchange rates, currency and regulations for foreigners banking and running a business in the country.
BuyUSA.gov provides guidance from industry specialist to assist business firms entering the Honduran market. Understand the exchange rate based on your country of origin using the currency converter from Inter-American Development Bank.
Register for services through CAFTA to access banks in HondurasUS businesses interested in importing, exporting and trade in Honduras benefit from the attractive investment terms of the CAFTA. Choose investments before opening a banking account in Honduras.
Review options offered by foreign banks in HondurasThere are only a few foreign banks in the country. However, they represent larger reputable financial institutions capable of offering services in and out of the country.
- Florida is geographically close to Honduras. Banks in Miami and throughout Florida are experienced in dealing with trade and investing in the country.