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Guatemala has experienced significant growth over recent years, turning it into one of the most competitive markets in Central America and a popular destination for investment in the sub-region. Find out about the advantages of doing business in Guatemala. Annual economic growth has only dropped below 2.5 percent on one occasion since 2000, according to the Bank of Guatemala (pdf), while the...
When incorporating a company in Guatemala, it is mandatory to appoint someone as a legal representative. That person will be a principal local point of contact, representing the company to Guatemalan authorities and taking responsibility for overseeing every aspect of the legal and regulatory processes related to launching the business. Guatemala is one of the largest economies in Central...
Understanding Guatemala's Labor Code is essential when looking to expand in the country and hire local staff. The Central American country has experienced progressive economic stability in the last 4 years, with economic growth of 3.1% in 2019. Currently, Guatemala is considered one of the largest economies in Central America with a promising outlook for foreign investment. Understand...
Obtain a business visa in Guatemala to leverage business opportunities in a country that emerges as an attractive destination for foreign business. Guatemala has experienced exponential growth in foreign investment in recent decades, as it has shown constant economic growth, good government reputation, and has reached multiple regional free trade agreements with countries such as Colombia, Costa...
A key step to incorporate your business in Guatemala is to open a corporate bank account. Guatemala has experienced progressive economic stability in the last 4 years, with economic growth of 3.1% in 2018 and 2019. Additionally, Guatemala is considered one of the largest economies of Central America. We outline the key steps to set up your corporate bank account in Guatemala. 1....
Understanding Guatemala's business etiquette could increase the possibilities of success when doing business in the country. Business etiquette creates an overall picture of a company, which radiates onto the market and thus has a significant impact on entrepreneurial success. Learn about the most important aspects foreign executives should consider in regard to Guatemala’s business...
As business projects may don't always go as planned, foreign executives might want to liquidate a company in Guatemala. In some cases, this decision can be due to reasons related to the market conditions, product demand or political environment. However, regardless of the reason why you decide to exit the market, you must follow a formal liquidation process. Steps to liquidate a company in...
As Market observers recognize foreign investment trends in Guatemala, the Central American country emerges as a top contender for foreign business.The Guatemalan government has made great efforts to improve the country's business environment, stimulating investor confidence, and spurring Foreign Direct Investment (FDI) inflows. According to the 2019 UNCTAD World Investment Report, Guatemala...
Find out how to form an NGO in Guatemala to support social causes through nonprofit activities. Guatemala continues to experience economic stability with a GDP growth rate of 3.6 percent in 2019. Moreover, the strategic location and a great number of natural resources place Guatemala as a country with great potential to develop socially and economically. The Guatemalan government is...
Biz Latin Hub is now offering multilingual and multidisciplinary market entry and back-office services in Guatemala. Guatemala has demonstrated consistently positive GDP growth since 2009, and serves as a strategic hub for businesses operating across the Americas. Growth in certain Central American economies in recent years has attracted a number of foreign companies to the region, especially...