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Guatemala

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Registering a company in Guatemala in 2020

The main advantages of doing business in this jurisdiction:

  • A strategic location;
  • Strong trade relations with the USA, Canada, China, Costa Rica, El Salvador, Mexico, Nicaragua and Honduras;
  • An important participant in the Central American common market;
  • Comfortable conditions for starting a startup, as well as for the development of medium and large businesses;
  • The availability of a free industrial and economic zone ZOLIC, as well as 17 free trade zones;
  • A modern infrastructure;
  • The availability of DTA agreements with more than 5 countries.

A cost of registering a company in Guatemala is € 2900

Terms for starting a business in Guatemala is up to 5 weeks

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* For registration of owners and directors, preliminary registration is required

Guatemala is a state with the same capital, located in central America. It borders with Mexico in the north, as well as with Belize, Honduras and El Salvador. One of the border of the republic is the Caribbean Sea, and on the opposite side is the Pacific Ocean (a shrimp catch is of the industrial importance for Guatemala).

A currency is Guatemalan quetzal, equal to $0,13. The country's economy is formed by:
  • the agriculture (cardamom, bananas, coffee, vegetables are grown for export);
  • an industry;
  • a service industry (any outsourcing, call centers);
  • a power engineering;
  • a tourism.
If you want to open a business in Guatemala, pay attention to the strengths of this jurisdiction:
  • a strategic location;
  • competitive prices;
  • a modern infrastructure (telecommunications, a technology).
How to register a company in Guatemala?

Jurisdiction prohibits a discrimination against foreign investors and investments. If you decide to establish a company in Guatemala, it will be as legitimate as a company with resident investments.

Read also:

The government of the republic creates favorable conditions for foreign investors, wishing to register an enterprise in Guatemala. Therefore, non-residents can register a company in Guatemala: two shareholders and 1 director. A physical office is not required, respectively, a secretary is not required. To register a company in Guatemala, you need a name not found in the register, only $260 and 5 weeks time. Since only a notary public has the right to purchase from the Office of the Tax Service of the Fiscal Stamps to draw up the statutory documents for registering a company in Guatemala, use the help of IQ Decision specialists. Mostly, investors prefer to set up the SRL in Guatemala. The following is a comparative table of taxes for different legal forms:

SRL, Sociedad Anonym (LLC)

Maquiladora companies (product assembly companies)

Energy and petrochemistry

BPO (Business Process Outsourcing) companies

A representation

A corporate tax

25%

0% (first 10 years)

25%

0% (first 10 years)

25%

0% (first 10 years)

25%

0%

VAT on services and goods

for a local production

for the local population

12%

12%

0% *

12%

The import VAT

0%

-

0%

-

* The first 10 years of the company’s activity, then also 12%

Guatemalan law provides for a full range of currency transactions: transfer, sell, buy, collect and make payments, using foreign currency.

With the help of IQ Decision specialists, you can open an account in Guatemala remotely with the following banks:

  • Citibank;
  • Western Union;
  • BAC Credomatic;
  • Banco Promerica;
  • BAM Avenida Elena.

The information posted in the article is current at the time of its publication.

Please, check with our specialists for possible solutions for your business.

  • The information outlined in the article is actual at the time of its publication.

  • Please refer to our specialists for checking possible solutions for your business.

  • Still have any questions?

    Fill out the form or contact us as you find convenient: skype, telegram, etc. Our experts will help you resolve the issue.

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