Hi there, Yes you have to put a $5,000 deposit for Investor class Residency. It is a deposit in the Central Bank, you don't need an account. And No, you do not receive import tax benefits with an Investor Residency. Those are only available with Rentista and Pensionada Residencies. There is a bit of Residency information on my website, www.honduranlaw.com regarding the investor and other residencies. Regards, Melanie Wetzel Attorney www.honduranlaw.com
belovedesignstudio wrote: My husband and I are moving to Roatan in August. I have a lawyer doing the residency thing for us.
I am supposed to be going in as an "Investor" and my lawyer tells me I have to deposit $5000 in the Central Honduran bank NOW. Having read other postings it is my understanding that I cannot open a bank account without residency !! Does anyone know about this type of residency, how to do the 5000 thing and what priviledges "Investor" provides? I have been told I can bring in anything ( for resale or construction in my case) duty free for 10 years.
Is that true? I keep getting different stories from my lawyer (which is very annoying) and need an outside opinion on all the above.
Thanks
Melanie
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