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Honduras earmarks special zone on Pacific

Wednesday, January 21, 2015

In March, Honduras is to officially unveil plans for its first Zone of Employment and Economic Development, due to be constructed on the southern Pacific coast of the nation. The government will formally present the multi-million dollar project once the partnering Korean International Cooperation Agency submits feasibility plans.

The Honduran government is currently developing the distinct legal and fiscal regime that will govern future special zones. The zones are set to be subject to a low-tax, low-regulation management in a bid to compete for international investment.

Source: Panamapost