BUILDING AND INVESTING IN ROATAN

Steps To Start Construction

1.    A meeting is set up with an assigned architect to start a briefing for the project, documenting needs and requests.

2.    An architectural proposal is developed and presented for both parties to revise and approve.

3.    A set of professionally drafted construction plans, documents and schedule are presented specifying finishes, quality of materials and construction procedures.

4.    Construction documents and legal paperwork are submitted to begin the application for the construction permit.
5.    Upon construction permit approval, work at the site is initiated.

6.    Scheduled follow up meetings take place throughout the construction process of the project.

7.    Once the project is finalized, a construction warranty is provided.

 

Steps To Start Investing

1.    Can you invest safely on Roatan?
Ask for un certififcado de garantia en el IP before closing. This paperwork grants awareness to the buyer that the land is not compromised.
 
The benefits of a reputable realtor who has been working on Roatan for a significant period of time are ciritical. They will have valuable local knowledge about the island, including neighborhoods, property values, and local regulations. A reputable realtor also has access to a wide range of listings on the island, including properties that may not be publicly listed. This can help you find the right property that meets your specific needs and budget. They can also help negotiate the best deal possible, whether you are buying or selling real estate. Real estate business on Roatan involves a significant amount of paperwork. A realtor can help ensure the process is completed correctly and in a timely manner. A knowledgeable realtor enables you to safely navigate legal and regulatory requirements, in order to minimize any risks associated with buying or selling real estate on Roatan.
An attorney who specializes in real estate law can provide you with the legal expertise you need to ensure that your transaction is conducted smoothly and legally.
An attorney can conduct a title search on the property you are interested in purchasing to ensure that there are no liens or other encumbrances on the property that could affect your ownership rights. The attorney may review the purchase agreement and other documents related to the transaction to ensure that your rights and interests are protected and that the terms of the agreement are fair and reasonable. A reputable attorney will check every detail of the closing of the transaction, ensuring that all necessary paperwork is completed and that the transfer of ownership is completed efficiently.

2.    Options of land ownership
For international investors a corporation must be created in order to acquire real estate on Roatan.
Setting up a corporation on Roatan to buy real estate can offer several benefits, including limiting personal liability and protecting your assets.
The first step is to determine the type of corporation you want to set up and the arrangement among its shareholders. Roatan allows to create Limited Liability Companies (LLCs) and Corporations.
As the corporate structure is being set up, the following information is necessary: the corporation name, registered address and shareholders and it must be registered with the authorities on Roatan. A tax identification number will be obtained for the corporation from the Honduran tax authorities. This will allow the corporation to conduct business and file necessary tax returns.
It is important to work with a local attorney or accountant to ensure that you follow all legal and tax requirements when setting up a corporation on Roatan to buy real estate. They can provide guidance on the specific steps you need to take and help you navigate any legal or tax issues that may arise.
 

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