In January 2007, the Honduran government passed the Bay Islands Fee Tourist Zone law (Zolitur- Zona Libre Touristica del Departamento de las Islas de la Bahia) with the intention of promoting tourism and investment in the Bay Islands. An administrative commission made up of high-ranking representatives from various institutions is currently writing policy that will regulate application of the law.
Under this law residents will benefit from the tax exemption on all imported goods and services. Simply put, if you are a resident, you will be able to import duty free any legal and non-restricted item you want. Secondly this will provide lower prices.
Taxes that will not be changed include entry fees from 1 to 6 dollars, municipal taxes and property taxes. Revenue generated from these sources will be used to finance environmental projects, security, and infrastructure.