Accord No. 8 of 19 August 1988.

The objective of this Accord is to facilitate the entry into Honduras of foreigners who desire to invest in agricultural, agro-industrial, industrial, tourism, and export projects. The Accord establishes an investment visa scheme for 1) foreign investors and business persons and their spouses and economic dependents and 2) technicians and specialist experts and workers and their spouses and economic dependents. The visas are free and are good 1) for three months' residence in Honduras with three-month extensions possible up to a period of one year and 2) for one month, renewable in one-month periods up to six months. Further provisions of the Accord set forth procedures, documentary requirements, and registration requirements, among other things.