Is the $1500/$2000 per person or per couple?
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From: travel-to-honduras.....com [mailto:travel-to-honduras.....com] On Behalf Of Melanie Wetzel Sent: Tuesday, May 31, 2005 12:48 PM To: travel-to-honduras.....com Subject: Re: [travel-to-honduras] Honduran Residency Not everyone qualifies for residency. The only residencies that have tax benefits are the Rentista and Pensionado, and you have to qualify(more than $1,500 in monthly life-time pension, or $2,500 in interest or other monthly income). If you can do that great, that's the best residency.
People who don't have that type of income have to look for other residency categories, sometimes investor.
Residency is not easy or fun for anyone involved. It's your first great hurdle if you want to spend extended time in Honduras.
Jeannie Belove wrote: I don't understand why anyone would go for the investment residency. What are the benefits? I am an Architect (with application in to Honduran College of Architects) and would qualify for the special residency but I am trying to find a residency which would help with import duty as I plan to provide specific building materials not available in Honduras for construction. Thanks for your help. Again, I am getting mixed messages from my attorney there, who has already been paid. Any help you couldprovide would be greatly apreciated.
Regards,
Jeannie Belove
Melanie Wetzel wrote: 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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