How Much Is To Register For The I-821 For Honduras

Total transaction costs are moderate in Honduras

Oct 12, 2018

How high are realtors´ and lawyers´ fees in Republic of honduras? What most other property purchase costs?

Transaction Costs
		Who Pays?
Transfer Tax	1.50%	buyer
Notary Fee	3.00% - 5.00%	buyer
Registration Fee	0.15%	buyer
Agent´s Fees	v.00%	seller
Costs paid by buyer	four.65% - half dozen.65%
Costs paid by seller	5.00%
ROUNDTRIP TRANSACTION COSTS	9.65% - xi.65%
See Footnotes Source: Global Holding Guide

How hard is the holding buy process in Honduras?

Restrictions on the ownership of land located in the Honduran border and coastal areas are regulated by Article 107 of the (1982) Honduran Constitution. It prohibits foreign buying of property in Honduras that lies inside twoscore kilometers of the Caribbean area Sea, Gulf of Fonseca or the international borders of Nicaragua, El Salvador and Guatemala and on whatever of the islands belonging to Honduras.

Recognizing that the constitutional prohibition of foreign property ownership in Honduras acted as a barrier to development, the Honduran National Congress passed Prescript Police 90/90 in 1990, which permits strange buying of coastal areas for two purposes:

Residence: Foreigners can acquire a single property not exceeding iii,000 sq. m to build a private residence. The foreign heir-apparent must register the purchase with the Ministry of Tourism and consummate construction of the residence within 36 months from the date of purchase or pay an annual penalisation worth xx percent of the value of property until the structure is complete.
Tourism: Foreigners may purchase every bit much country as they want for approved tourism projects.

All foreigners should be aware of the risks inherent in purchasing real estate in Honduras and exercise extreme caution before entering into any form of commitment to invest in holding, specially in coastal areas, on the Bay Islands and well-nigh international borders.

There have been claims of widespread corruption in state sales including registry and dispute resolutions. Squatter activity, spurred by earlier land reforms, has also been a problem.

In Honduras, not all state is legally titled. Make sure the land you are buying is legally articulate and that it is not in an buying dispute. The National Chamber of Real Estates (Asociacion Nacional de Agencias de Bienes Raices de Honduras), fixes the amanuensis´s fee as 5% of the final selling amounts for sales transactions, and a complete monthly hire for rental transactions.

Honduras luxury villa for sale A real estate agent and a local lawyer are essential in purchasing holding. Initial steps before having any holding titled, include the verification of the holding background in the registry and making sure that municipal taxes such every bit the Real Estate Property Tax accept been paid. Then the notary, who charges effectually three% to v% of the market value of the property, issues the preliminary human action. After which the 1.5% transfer tax and 0.15% registration fee are paid at a banking concern. Registration at a property role and the alter of ownership in the Cadastre part follow.

The whole process of registering a property can exist completed in around 22 days.

Footnotes to Transaction Costs Table

Transfer Tax
Property transfers are discipline to transfer tax at a flat rate of 1.5%.

Notary Fee
Notary fee is around iii% to 5% of the belongings value.

Registration Fee
Registration fee is around 0.15% of the property value.

Real Estate Amanuensis´s Fee
Real manor agent´s fee is set at a apartment rate of 5% of the property value or selling toll.

The round trip transaction costs include all costs of buying and then re-selling a property - lawyers´ fees, notaries´ fees, registration fees, taxes, agents´ fees, etc.

Currency
Republic of honduras uses Honduran Lempira. Exchange rate is at US$1=HNL19.657 as of 22nd June 2006.

Honduras - More data and information

How landlord-friendly is the police in Honduras?

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