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.
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, ask for legal support from YB Case 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.
Having ordered legal services to accompany your business in Guatemala, you will also receive legal advice on opening an account with Guatemalan banks from the relevant experts of our company:
- Citibank;
- Western Union;
- BAC Credomatic;
- Banco Promerica;
- BAM Avenida Elena.
Please, check with our specialists for possible solutions for your business.
