The Honduran Ministry of Finance (SEFIN) has issued Agreement No. 508-2026, approving a new Regulation to the Foreign Currency Proceeds from Exports Law. The new regulation replaces the framework that had been in force since 2003 and introduces electronic tools, updated deadlines, and additional flexibility for certain exporters.
One of the changes is the incorporation of electronic management of procedures related to export declarations and foreign currency repatriation monitoring, replacing the manual processes previously used for these filings.
Exporters must continue to report their export transactions to the Central Bank of Honduras (BCH) in advance and obtain authorization for Export Declarations through the electronic platforms designated for this purpose.
In addition, the regulation maintains and reinforces the obligation for exporters to repatriate and sell to authorized foreign exchange agents all foreign currency proceeds generated from exports within the deadlines established by the BCH.
New benefits and flexibilities
The new regulation introduces measures aimed at facilitating compliance with foreign exchange requirements, particularly for micro and small enterprises (MSMEs). Companies that can demonstrate a valid MSME classification are granted an additional 5 business days to repatriate foreign currency proceeds. This measure is intended to reduce the operational burden on businesses with more limited administrative and financial resources.
Extended deadlines in extraordinary circumstances
The regulation also allows exporters to request an extension of up to 15 business days when extraordinary circumstances affect export logistics or payment collection, including:
- Port congestión.
- Adverse weather conditions.
- Official customs inspections.
- Regulatory changes affecting international trade.
This provision creates a formal mechanism for addressing situations beyond an exporter’s control that could hinder timely compliance with foreign currency repatriation obligations.
What should companies do to comply?
Exporting companies should review and, where necessary, update their internal procedures to ensure that:
- Export Declarations are filed with the BCH in a timely manner.
- Foreign currency proceeds are repatriated and sold within the authorized deadlines.
- Adequate supporting documentation is maintained to justify any discrepancies between declared and actual export values, when applicable.
- Appropriate controls are in place to monitor deadlines and outstanding obligations.
Risks of non-compliance
The new regulation maintains a strict approach toward non-compliance with foreign exchange obligations.
The BCH may deny authorization for new Export Declarations to exporters with overdue foreign currency proceeds that have not been repatriated within the required timeframe. Exporters with more than one expired declaration may also face additional restrictions on foreign exchange transactions.
Violations may also result in fines imposed by the Ministry of Finance based on reports issued by the BCH.
Accordingly, exporting companies are encouraged to review their internal procedures, assigned responsibilities, and monitoring controls to ensure proper management of export declarations, repatriation deadlines, and supporting documentation.
