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Roatan and Bay Islands Discussion List Archive
| Posted On: | 02-May-2005 |
| From: | RRE [roatanrealestate.....com] |
| Subject: | [roatan] Roatan News Letter |
May 2, 2002 Roatan Real Estate News Letter > > >-The annual ³Port Royal Bay Islands Triathlon - >-Planning that Honduras Get-Away Just Got-Easier >-Legal ³Tid Bits² >-Listings of Interest >-GumbaLimba Park >-Smoke on the Water >-Just a chuckle > >The annual ³Port Royal Bay Islands Triathlon - >2005 marked the third year of the Port Royal, (not the place on the island >but the beer that is distributed here in country), Bay Islands Triathlon. I >realize that we are not talking professional baseball, the NBA or NFL here >but in all honesty a pretty big deal. The Bay Islands Triathlon is one of >ONLY 15 ITU sanctioned races in the Western Hemisphere, in fact the only >ITU event in the Caribbean and Central America. A pretty big deal actually. >This year 120 athletes participated in this race, quickly becoming one that >is considered on of the toughest on the tour. Another blip on the radar >screen for this little island, gradually becoming more and more well known. > >Planning that Honduras Get-Away Just Got-Easier- >Need solid information in preparation for that Honduras vacation, or a >diving trip to the island of Roatan? Thinking about a possible retirement >locale? > >Visit http://sidewalkmystic.com , The Complete >Honduras Vacation Guide. Here you will find a variety of travel information >about Roatan as well as information about the mainland. At our site, we >include suggested itineraries, the top-10 places to visit, different sites >to see and special events throughout the country, packing tips, diving >information, budgeting suggestions, cultural awareness and sensitivities, >and much, much more. Over 110+ pages and growing every day! Here is a >sample page to get you started: > >³The Best of Roatan Diving²: http://sidewalkmystic.com/Roatan-Diving.htm > >Legal ³Tid Bits² - >I often am asked, especially with one of our offices near the cruise ship >dock, IF you can own property here on the island. The answer is yes. Not a >long term lease like in parts of Mexico, you actually own something just >like where you are reading this from more than likely. > >In 1991 the Congress of this country, (yep just like the states-three >branches of government), passed Congressional Decree 90-90 which made the >ownership by foreign individuals legal. There are restrictions, which >includes not owning more than 3000 square meters, (some mistakenly tell >people that equates to 3Ž4 ac for the metrically challenged but it does not, >more like .72 ac.), if a foreigner wishes to own property within 40 miles of >any Honduran border, which includes all of the Bay Islands. The 3000 meters >is important in that if you wish to own more it can be accomplished. For >example you are husband and wife. Yep 3000 square meters each. Want more >than that ? Again it is possible by forming a Honduran corporation, (which >actually becomes a ³Honduran²), to do such. > >Some law firms are now suggesting that the best way to do this is to form a >Holding Company and an Investment company, (two corporations). The Holding >Company owns the Investment company which has advantages. The cost of this >is about $2,500.00. There are some that say you can just do it with one >corporation. But I lien to the two corp method. Two things to keep in mind >here - first I am not an attorney and you really should seek you own legal >advise if you decide to purchase and second is when you do this you are >actually forming a company so therefore must file taxes each year. Now >although you will in all likelihood not owe any taxes corporately because >all you are doing is owning the property, it does not mean that your >corporation does not have to file its taxes. > >Another thing to listen for when dealing with a real estate agent is that >there are some that say that if you buy a corporation that owns property >(seller owns the corp that owns the property and you are buying the >property), is that there are no capital gains taxes. NOT TRUE ! If it is >done as described in the previous sentence there are certainly advantages in >costs, most prominently closing costs, but it does not mean that if you were >to sell capital gains would either have to be paid or passed along like they >were passed on to you when you took ownership of the corporation if it was >not negotiated at time of possession. > >Next month legal ³Tid Bits² >1 You want to close on property that you wrote a contract on while on the >island, but can not make a trip back to the island in the next month. Can >you do it ??? Answer yes details next month. >2- Closing costs and procedures > >Future News Letters- >Title Insurance, Funding with Retirement funds, Capital gains taxes, U.S. >taxesŠŠŠŠŠŠ. > >-Listings of Interest >This cute little house is a good starter situation or maybe a starting point >for someone that can afford this now >but wishes to expand in the future. Mid-island location. At $65,000 >should certainly be considered. > http://www.roatan-realestate.com/listing.php?id=190 > >Up in the hills in back of a mid island community sits a group of very nice >homes. The area is convenient >to gas, banks, shopping. Has great breezes and views. Estate sized, just >under one acre. Good site to consider for a grand home- > http://www.roatan-realestate.com/listing.php?id=188 > >This commercial opportunity may not be for everyone but a very good bargain >on water front property. >Over 280 feet of dock space. Great for shipping or marina business. Maybe >even a great place for a first class sea food reastaurant. Buildings >already in place. > http://www.roatan-realestate.com/listing.php?id=191 > >Shopping Mall anyone ? This brand new facility was built to sell. Very high >traffic location with lots of storage and room to expand. > http://www.roatan-realestate.com/listing.php?id=189 > >Here is two acres on the water with almost 200¹ of mixed beach and mangrove. >Very nice piece for inverstment of your own mini estate. > > http://www.roatan-realestate.com/listing.php?id=193 > > >REMAX has announced the listing of a new very intimate planned community >called ³Pellican Bay². > >This new community is only five minutes from the airport has five home sites >on beautiful beach and is only 24 home sites small. This new community >already has it¹s infrastructure in place and is ready to go. It will have a >community pool and is a beautiful tropical setting. Home site prices range >from $139,000 to $365,000. If you would like a site plan/price list please >email me and I will send you one in a PDF. > > >-Gumba Limba Park >One of the neat places to stop in and enjoy for island visitors is the new >Gumbalimba Park on West Bay Road. I actually wrote about the start up of >this a year or so ago when they first offered the canopy ride through the >tree tops, but now the park has really come into it¹s own. With tame >monkeys and Parrots not ion cages to hold mug for photos with and just enjoy >their company, a cave museum , rope bridge, small lake very pretty island >flora, and a beach front restaurant it has evolved into a very nice way to >spend some time on the island. The Museum cave is a guided tour of the >history of the island starting with the Payan Indians and working its way >through the Garifuna, the Pirates and the geography of the island. Very >nice family spot that you should make note of. One West Bay road right >before West Bay Beach is the turn off to the park. > >-Smoke on the water- >Every year at about this time of year farmers from much of Central America >and Mexico in a tradition that has gone on for hundreds of years, burn from >there field the remains of crop vegetation in order to plant >anew. When the wind blows as it has the past week or so, opposite of its >normal southeast flow, much of the area, including the island has a smoke >haze, in some places like Tegucigulpa actually prevents plans, (small ones >that shuttle back and forth to the Bay Islands), from taking off. Travel >has been a challenge. I know of one attorney that took a bus, then a boat to >get to the island for a closing after postponing it for almost three days. >This age old tradition the various government have tried to discourage >though the hundreds of years and generation after generation of various >cultures doing it will be a tough sell for many more years to come. >Tough to allow for travel wise, though most connecting flights come through >San Pedro which has a bit of a better track record travel wise. > >--Parting ²CHUCKLE²- >This has been out there awhile, but every time I see it I get a smile. In >fact save it to listen to on my desk top when I need a smile. Enjoy- >(note-this is a mpeg music video and may take a bit to >download. It is set up in Quick Time) > >http://salut-bonjour.tva.ca/w-download/telechargement/Mouse_final.mpeg > > >Best regards, until the next time. > >Larry Larry Schlesser Owner/Broker Visit our regularly Updated Web Site http://www.roatan-realestate.com Member of Roatan Realtors Assoc., ANIBIR, (Honduran Realtors Assoc). U.S. FAX LINE - 786-319-9945 Phone 445-1612, (from the U.S. dial 011-504-445-1612) U.S. Miami Number 786-380-4864 U.S. MAILING ADDRESS 7801 NW 37th St. IMC-SAP- #5002 Miami, FL. 33166 http://www.roatanet.com To visit your group on the web, go to: http://groups.yahoo.com/group/roatan/ roatan- : | |
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