Even if you “renounce,” you’re still on the hook for maybe ten years’ worth of income.
I don’t see how that would be justified.
See below for more information on taxes in Honduras.
Income tax: Foreign residents living on their foreign income, including pensions, are not subject to income taxes on their foreign income. Only the income earned in Honduras will be taxed. Income tax rates run from 10% to 25%.
Capital gains tax: Capital gains earned by non-residents from selling real property located in Honduras are taxed at a fixed rate of 10%.
Sales tax: The sales tax rate in Honduras is 12%.
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