Honduras

HONDURAS

HONDURAS

COMPANY DETAILS

Amway Honduras, S.A. de C.V.

San Pedro Sula, Boulevard Salida a La Lima
Centro Comercial Plaza Uno
Contiguo a la Clinica Periferica IHSS
San Pedro Sula
Honduras

Phone: 504-2564 0120
Fax: 504-2564-0120

www.amway.com.hn (Public & Distributor Website (Local)

ruth.mejia@amway.com (Email)

Opened January 1995

Plan Basics

Overview

Purchasing Products
All Amway Business Owners purchase products directly from Amway.

Bonus Payment
Bonuses will be paid directly to all Amway Business Owners (ABO) who have earned the bonus. Bonus payments will be paid by check unless direct deposit is requested. Beginning January 1, 2009, an ABO must generate 150 personal points in a month in order to receive a bonus. This applies to any bonuses (personal, group differential, leadership, etc.). This new requirement is a monthly requirement meaning that an ABO must generate 150 personal points every month that he is receiving a bonus to be eligible to keep it. This requirement has been waived for Foreign ABOs with a Number two business in Latin America. The assumption is that these ABOs are fulfilling requirements in their Home Market.

PV/BV Transfers
PV/BV transfers are not available.

Single Line of Sponsorship
Amway Latin America is integrated by 12 affiliates:
Argentina
Brazil
Colombia
Costa Rica
Chile
El Salvador
Honduras
Guatemala
Mexico
Panama
Uruguay
Venezuela
As of September 2007, Latin America began operating as a Consolidated Line of Sponsorship (consolidated market) where Amway Business Owners (ABOs) are able to personally sponsor from and to any market within the Latin America Region without the need to establish as second business. The consolidation of the Latin American line of sponsorship means very important opportunities for ABOs. Some of the benefits are:
- Cross border sponsoring allows for personal sponsoring in all markets
- ABOs can place orders in any market different from their home country, only to be shipped to local addresses within the affiliate where the order is placed
- Combined volume from all markets allows an ABO to reach the 21% level more quickly
- Regional Business Kit
- Regional SIP Program
- Regional Bonus Statement

Performance Schedule

PV Performance Bonus
10000             21%
7000               18%
4000               15%
2400               12%
1000                9%

PV/BV Ratio
The average PV/BV ratio for Amway products as of April 2013 is 25.4.

Retail Margin
Retail margin or mark up for Amway products averages about 30% but varies with each product. The average retail margin for this market is 29.9%.

Business Kit Purchasing
In order to buy a Business Starter Kit and become a new Amway Business Owner (ABO), the prospect must be at least 18 years age and contact an Amway Business Owner for purchase of the Starter Business Kit. The new Amway Business Owner must complete, sign and submit the Registration form (original) by post mail. (He/she may also fax the Registration Form before sending the original so he/she can buy products immediately).

This process can also be completed using the Internet site www.amway.com.hn where the applicant, together with the sponsor, completes the Registration Form. The new Amway Business owner is registered at that moment and he/she can buy products on-line. The Business Starter Kit will be automatically included in the order. The Registration Form must be printed and signed by the applicant and submitted to Amway de Honduras within the first 90 days.

Cost of Business Kit
$15.00 (including VAT)

Sponsoring
In order to register a new Amway Business Owner (ABO), the sponsoring ABO must ensure that all ABOs registered are provided with an official Amway Business Starter Kit (without substitution or alteration of the contents) and the ABO Contracts are completed, signed and submitted to Amway Argentina.

As of January 1, 2009, an ABO is required to attend or complete two training courses - Welcome to Amway and Presenting the Amway Business Opportunity within 30 days from their first sponsorship. If the ABO does not complete these two courses within the required 30 days, future sponsoring will not be allowed. An ABO must also generate 150 personal points within a performance month.

Business/Distributor Type
In addition to the Amway Business Owners, Amway Latin America established two additional alternatives to have access to the Amway Products and Services called Associate and Client.

An Associate is able to buy Products directly from Amway de Honduras at Distributor cost and resale them. Associates can not sponsor and bonuses are not received.

To become an Associate the person can be register by internet, the 800 number or in the Amway Shop he/she has to fill an application which requires basic information, an associate must be referred by a known ABO otherwise this person must be registered as a client. The cost to become an Associate is of $ 27.87 USD this cost covers a Product Catalog and special communications for a fiscal year (September - August).

A sponsor is required to sign in as an Associate and the person can choose if he/she wants to be contacted by the sponsor. Legal entities can not become Associates.

A Client is able to buy Products directly from Amway de Honduras at a retail price and can be able to obtain a discount according to the amount purchased. Clients can not sponsor and bonuses are not received.

To become a Client the person can be registered by internet, the 800 number or in the Amway Shop by providing their name, telephone number, e-mail address, name of the ABO who is registering him/she, in case the person has not been refer and does not an Amway Business Owner, Amway will assign one based on a data base of retailers of the affiliate. There is not cost to become a client.

A sponsor is required to be register as a client and the person can choose if he/she wants to be contacted by the sponsor. Legal entities can become clients.

Establish a Second Business

Amway Business Owner Registration Requirements
The following nationalities can visit for up to 30 days: Andorra, Antigua, Barbuda, Argentina, Australia, Austria, Bahamas, Bahrain, Barbados, Belgium, Belize, Brazil, Brunei-Darussalam, Bulgaria, Canada, Chile, China (Taiwan), Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Iceland, Israel, Italy, Japan, Kuwait, Latonia (Latvia), Liechtenstein, Lithuania, Luxemburg, Macedonia, Madagascar, Malaysia, Malta, Marshall Islands, Mexico, Monaco, Netherlands, Norway, New Zealand, Panama, Paraguay, Poland, Portugal, Qatar, Romania, Saint Kitts and Nevis San Marino, San Vicente and the Grenadines, Santa Lucia, Santo Tome and Principe, Singapore, Slovakia, Slovenia, Solomon Islands, South Africa, South Korea, Spain, Sweden Switzerland, Trinidad and Tobago, Turkey, Tuvalu, United Kingdom, Uruguay, USA, Vanuatu, Vatican, Venezuela

Please check the following websites for additional information:

www.visitehonduras.com/

OR

www.gobernacion.gob.hn/

- ABOs are required to have a Honduran address.

- Work permits or residence (citizenship) is the responsibility of the ABO.

- ABOs are required to form a company in Honduras or request authorization from the government to have a branch of their company established in their home country.

- ABOs are responsible for complying with any local business, commercial and/or trade authority licensing issues.

Visa Requirements
The documents and fees required upon entering or leaving Honduras are:

Valid passport for six months after your returning date duly stamped by the Honduran Department of Immigration.

Please check the following websites for visa requirements and information:

www.visitehonduras.com/

OR

www.gobernacion.gob.hn

Formation and Registration of Your Business
- To register a business valid documentation is required.
- For most of the countries no Visa is required, although the maximum stay as a tourist is 60-90 day.
- Buy a local starter kit, to be sponsored (payment in local currency).
- Any foreign ABO can have a business in Honduras as an International Sponsor (as outlined in the Business Reference Guide) or as a Local Sponsor.

As with your primary business, your second business must be renewed each year with the affiliate.

Required Documents for Registration
Please check the following website for fiscal and tax laws:

www.dei.gob.hn

Cost and Bonus Payment
Information not available at present time

Affiliate Staff Contact (names / email / phone)

Customer Service:
Ruth Mejia
ruth.mejia@amway.com
+504 25640120

Ordering

ABOs, Associates and Clients can order Amway products from Amway de Honduras by:

Order Entry
Phone: 800-25509100

Following the next steps:

- Provide your ABO, Associate or Client Number to place an order.
- Confirm that the code number of the Products is correct when you are ordering; you can verify this number in the price list.
- Have handy the address where you wish Amway de Honduras to deliver your order. This address has to be within the country of Honduras.
Hours of Operation:
9:00 am to 7:00 pm.
Monday through Friday

9:00 am to 12:00 pm.
Saturday

Internet Orders
You can also order products through our web site: www.amway.com.hn

Amway Shops
Centro Comercial Plaza Uno Contiguo a la Clinica Periferica IHSS Boulevard del Este Salida a La Lima San Pedro Sula
Telephone/Fax: (504) 25640120

9:00 am to 7:00 pm. Monday through Friday
9:00 am to 12:00 pm. Saturday

Payment Methods

Order Entry and Internet Orders
- Credit Card (Master, Visa and American Express)
- Deposit in Bank Account

Amway Shops
- Credit Card (Master, Visa and American Express)
- Debit Card
- Deposit in Bank Account
- Cash

Returns/Refunds
Business Kit returns will be accepted 90 days from date of purchase (Amway Business Owner only). The new Amway Business Owner has three months (90 days) during which if he wants to resign, he may receive a refund provided that he brings back the Business Kit intact, with the contract and his Identification Card. If product or literature is missing when he returns the kit, that amount will be deduced from what he paid initially for the kit.

Products may be returned under the Customer Satisfaction Guarantee policy. Amway Business Owners must return the products to the Product Selection Center with proof of purchase (receipt, ticket, invoice). They must also complete a form where all the information pertaining to the Amway Business Owner is captured as well as the reason for return. Depending on the situation, the Amway Business Owner has the option to receive money back or product replacement.

Access Information

- In person – at the offices through a Customer Service or Distributor Relations Representative
- By phone – (504) 25640120
- By e-mail: ruth.mejia@amway.com

Receive Bonus Payment
Beginning January 1, 2009, an ABO must generate 150 personal points in a month in order to receive a bonus. This applies to any bonuses (personal, group differential, leadership, etc.). This new requirement is a monthly requirement meaning that an ABO must generate 150 personal points every month that he is receiving a bonus to be eligible to keep it.

This requirement has been waived for Foreign ABOs with a Number two business in Latin America. The assumption is that these ABOs are fulfilling requirements in their Home Market.

ABOs, who have earned a bonus, may receive the payment via bank, electronic transfers by registering the bank account.

The ABO must send a data modification informing their bank account number data:
- Bank
- Branch
- Account Type
- Account Number
The bank account could be Santander Río or Standard Bank and the titular account name has to be the Amway Business Owner’s name.

If the ABO does not provide a bank account, a check is generated automatically and submitted by post mail to the ABO’s mailing address.

Also the ABO can choose that all the bonus payments earnings will stay in A/R forward so that amount can be use for future purchases.

Renew
All ABOs need to renew their Contract.

An ABO’s initial contract year terminates on December 31, if it is signed prior to August 31, or on December 31 of the next year if the ABO Contract is signed after August 31. The renewal fee and procedures are published yearly in Amway Publications.

Renewal Methods
- Amway Shops
- Order Entry
- Internet web site: www.amway.com.hn

Payment Methods
- Credit Card
- Bank Transfer
- Cash (Only in Amway Shops)