Hire in Honduras

Honduras is a country in Central America situated between Guatemala and El Salvador to the west, and Nicaragua to the south and east. The Honduran constitution states, “The cities of Tegucigalpa and Comayagüela, jointly, constitute the Capital of the Republic.” More than 3/4ths of the land area of Honduras is mountainous. Honduras has had one of the highest economic growth rates in Latin America over the past few years. Its top industries are sugar processing, coffee, woven and knit apparel, wood products, and cigars.

*Please note that the official currency is the currency of remuneration when employed through WorkMotion in Honduras.

Honduras

Onboard your talent in Honduras

in 10 minutes

Power icon

Accelerated onboarding

Fast-track your talent onboarding while ensuring 100% compliance with local regulations.

Calculator icon

Net salary calculator

Calculate net salary in Poland post deductions and compare it with the salary in other countries instantly.

Reading icon

Guidance & payroll management

Receive process support by an experienced team of experts & pay your talent on time and in their local currency

People icon

Hire in Honduras through an

EOR

Easily onboard your remote talent in Honduras through our Employer of Record (EOR) solution. Our subsidiaries and network partners make this process fast and 100% compliant.

A quick overview of Honduras

Time zone

Calendar remove icon
Cost of living index

$$ (82 of 139 countries)

US dollar icon
Minimum wage

Euro icon
Currency

Honduran Lempira (HNL, L)

Dollar bill icon
Payroll frequency

Monthly

Basic facts

Bulgaria, officially the Republic of Bulgaria, Republika Bŭlgariya, is a country occupying the eastern portion of the Balkan Peninsula in southeastern Europe. Founded in the seventh century, Bulgaria is one of the oldest states on the European continent. The country is remarkable for its variety of scenery. Its rugged mountains and relaxing Black Sea resorts attract many visitors. Ethnically, the population is fairly homogeneous, with Bulgarians making up more than four-fifths of the total population. Bulgarians are the fastest shrinking nation in the world. In the last 30 years after the fall of the totalitarian regime, Bulgaria has lost 2.4 million people or nearly 28% of its population.

Almost two-thirds of all exports are capital goods such as machinery and equipment, and one-fourth are consumer goods mainly of agricultural origin (such as fruit, wine, cigarettes, dairy products, and meat). 

 

*Please note that the official currency is the currency of remuneration when employed through WorkMotion in Bulgaria.

Capital

Tegucigalpa and Comayagüela

Official language/s

Spanish

People icon
Population

9.57 million (2022 est.)

US dollar icon
VAT - standard rate

15%

The holidays mentioned below are valid for the year 2024.

January 1New Year's Day
March 28Maundy ThursdayMovable, the Thursday before Easter
March 29Good FridayMovable, the Friday before Easter
March 30Easter SaturdayMovable, the first Sunday after the Paschal Full Moon
April 15Americas' DayMovable, as declared by the Honduran government
May 1Labor Day
September 15Independence Day
October 3Francisco Morazán's BirthdayMovable, as per the Honduran government's determination
October 4Day of the RaceMovable, as per the Honduran government's determination
October 5Honduran Armed Forces DayMovable, as per the Honduran government's determination
December 25Christmas Day

The approximate time for sharing the contract with an employee in Bulgaria is 4 business days assuming no special requests or changes to our standard employment contract. Any such requests or changes would need to undergo internal and external review, directly leading to a time delay.

NOTE: This number is subject to change and is only an estimation of the Contract Sharing Time. The estimated Contract Sharing Time begins from the moment that WorkMotion has received all required information from both the client and the employee.

  • The rate of minimum wage is the lowest in Bulgaria among all EU countries.
  • It is possible to create open-ended working hour contracts where employees are obligated to work outside regular working hours though they are compensated with additional paid leave.
  • Study leave is to be provided for employees preparing or appearing for examinations.

The employer and employee contributions to Social Security are as follows:

Benefits Employer Contribution Employee Contribution
Sickness and Maternity* 5% 2.5%
Invalidity, Old Age, and Death** 3.5% 2.5%
Professional Formation Institute (Instituto Nacional de Formación Profesional or INFOP)  1% None
Collective Capitalization Pillar 2.6% 1.6%
Total 12.1% 6.6%

*Up to a maximum ceiling of HNL 10,342

**Up to a maximum ceiling of HNL 10,796 

There are also contributions to mandatory individual accounts from the Regimen de Aportaciones Privadas (RAP). Any company that has 10 or more employees in the national scope must also contribute to the RAP. 

Benefits Employer Contribution Employee Contribution
Invalidity, Old age, and Death* 1.5% of monthly covered payroll 1.5% of monthly covered payroll
Unemployment 4% of monthly covered employment** None
Total 5.5% 1.5%

*Up to a maximum ceiling of HNL 10,796.

**The employer’s contributions cease when the individual account balance reaches 50% of the maximum severance payable (25 months of the insured’s salary).

Working Hours

In general terms, the ordinary day of work may not exceed eight hours per day and 44 hours per week. The ordinary timing of night work may not exceed six hours a day and 36 hours a week. 

Overtime

The effective work that is executed outside the limits of the ordinary working day, or that exceeds the limits of the working day, agreed by the parties, constitutes extraordinary working hours, and must be remunerated, as follows:

Time Surcharge
Daytime Period 25% surcharge on the daytime salary
Night Period 50% surcharge on the daytime salary
Extraordinary shift as an extension of night shift 75% surcharge on the night shift salary
Probation Period

The trial period, which cannot exceed 60 days, is the initial stage of the employment contract and is intended, on the employer’s part, to assess the worker’s aptitudes, and on their part, the convenience of working conditions. This period is remunerated, and if upon termination neither party expresses its willingness to terminate the contract, it will continue indefinitely. 

Termination Notice Period

The termination period notice is as follows:

Condition Service Period Termination Notice Period
Suspension of work for more than 120 days in certain conditions specified No liability Not applicable
Liquidation or definitive closure 30 days’ notice Not applicable
Indefinite employment contract Less than 3 months 24 hours
3 to 6 months 1 week
More than 6 months to 1 year 2 weeks
More than 1 year to 2 years 1 month
More than 2 years 2 months
Working Hours

In general terms, the ordinary day of work may not exceed eight hours per day and 44 hours per week. The ordinary timing of night work may not exceed six hours a day and 36 hours a week. 

Overtime

The effective work that is executed outside the limits of the ordinary working day, or that exceeds the limits of the working day, agreed by the parties, constitutes extraordinary working hours, and must be remunerated, as follows:

Time Surcharge
Daytime Period 25% surcharge on the daytime salary
Night Period 50% surcharge on the daytime salary
Extraordinary shift as an extension of night shift 75% surcharge on the night shift salary
Probation Period

The trial period, which cannot exceed 60 days, is the initial stage of the employment contract and is intended, on the employer’s part, to assess the worker’s aptitudes, and on their part, the convenience of working conditions. This period is remunerated, and if upon termination neither party expresses its willingness to terminate the contract, it will continue indefinitely. 

Termination Notice Period

The termination period notice is as follows:

Condition Service Period Termination Notice Period
Suspension of work for more than 120 days in certain conditions specified No liability Not applicable
Liquidation or definitive closure 30 days’ notice Not applicable
Indefinite employment contract Less than 3 months 24 hours
3 to 6 months 1 week
More than 6 months to 1 year 2 weeks
More than 1 year to 2 years 1 month
More than 2 years 2 months

Book a free demo to access this information