Outsourcing is increasingly becoming a key business strategy. Global spending on BPO services is expected to continue growing at an average rate of more than 10 percent annually, reaching USD 168 billion by 2012. With the recent profusion of outsourcing in Central and Latin America, Honduras is emerging as a hotspot, possessing certain unique advantages compared to its neighbors in Central America.

American businesses are aggressively seeking nearshore options in Central and Latin America to serve a growing Hispanic market and also to diversify from offshore locations that may have become less attractive due to diminishing cost advantages and labor attrition.

The Reasons

  • Lower real estate costs
  • Availability of cost-efficient qualified labor
  • Faster setup of the function or service
  • Ability to concentrate on core functions
  • Lower ongoing investment required in internal infrastructure
  • Increase flexibility to meet changing business conditions

The Numbers

0% Corporate tax, sales tax, and customs duty in Honduran Free Zones. 100% repatriation of profits and foreign employment is allowed
20% Growth of BPO, ITO workforce in Central America and the Caribbean in 2012
95,000 True bilingual workers in Honduras, more than any other Central American country per capita
77% of bilingual schools in Central America are located in Honduras (824)

 

THE TRIPLE BOTTOM LINE

PeoplePlanetProfits

Altia Business Park recognizes the value of human capital. Altia creates value through intelligent design with efficient energy use and an ergonomic and safe work environment.

It is a platform and the country’s flagship project to develop the outsourcing service industry. Through its corporate social responsibility projects, Altia gives back by contributing to the strength and growth of its community with such things as education and the creation of higher-level employment.

Altia Business Park is committed to sustainable environmental practices.

The green approach is being implemented in every step of the design and construction to move towards The Leadership in Energy and Environmental Design (LEED) certification of buildings, translating to a cost competitive energy savings of 20-30%.

Building specifications include a double insulated glass curtain wall system to provide high efficiency power consumption for HVAC system and energy-efficient elevators.

Honduras offers a variety of cost-competitive advantages compared to its regional counterparts. Real Estate costs and telecom costs in Honduras are among the lowest in the region and constitute significant cost savings.

Altia Business Park is located within a Free Zone and provides an “investment-ready” option including 100% Repatriation of Profits, 0% Corporate Tax and 0% Sales Tax/Customs Duty.

This is comparable and sometimes even better than other regional and international locations.