Guatemala Archives | Biz Latin Hub

Perceptions on Doing Business in Latin America: Cautious Optimism For Future Growth and Opportunities

by Team Latin America | Jun 26, 2020

In June 2020, the Biz Latin Hub team launched a survey asking for information about individuals’ perceptions about doing business in Latin America. In June 2020, the Biz Latin Hub team launched a survey asking for information about individuals’ perceptions about doing business in Latin America. We received a range of responses from 75 business owners, executives, government officials and other specialists operating in over 40 countries worldwide. 57.3% of respondents are considering expanding...

Register and Protect Your Trademark in Central America

by Team Central America | Jun 23, 2020

Registering your trademark in Central America protects your intellectual property from competitors. A trademark is defined as a unique sign that distinguishes your product or service from others. Once registered, you must take certain steps to protect your trademark regularly. Central America is comprised of 7 countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama. Central America is comprised of 7 countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras,...

What are the Company Accounting and Tax Requirements in Guatemala?

by Accounting Team Guatemala | Jun 15, 2020

Whether looking for new investment opportunities in a country different from your own or planning to move your business to a new market, one of the first factors to consider is the foreign accounting and tax system. For those interested in expanding their business to Guatemala, companies or interested parties must understand all the accounting and tax requirements needed to operate. To support your company incorporation and ongoing operations in Guatemala, be aware of and comply with...

How to Conduct a Trademark Search in Central America

by Team Central America | Jun 12, 2020

Conducting a trademark search in Central America is the best way to protect your business and distinguish it from other companies. It is a crucial pre-emptive step before applying to register a trademark when expanding your business in the region. In this article, we will help you understand all aspects you need to consider to conduct a trademark search in Central America appropriately. Classify your business to conduct an appropriate trademark search in Central America To start a trademark...

Biz Latin Hub Expands: Leading Market Entry and Back-Office Services in Guatemala

by Legal Team Guatemala | Jun 8, 2020

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 those interested in manufacturing, technology, and establishing trade channels to both Northern and...

Survey: Help Us Understand Current Attitudes on Doing Business in Latin America

by Team Latin America | Jun 5, 2020

Take our short survey and share your perceptions about the current and future outlook for doing business in Latin America: Perceptions of doing business in Latin America | Hacer negocios en América Latina We are seeking to understand general attitudes about working or doing business in Latin America, and understand what individuals and companies may be planning for the future. We are seeking to understand general attitudes about working or doing business in Latin America, and understand what...

Opportunities for Fintech Business in Guatemala

by Legal Team Guatemala | Jun 3, 2020

Opportunities for Fintech business in Guatemala are growing as the country has seen a significant increase in Fintech start-ups and operational companies. Guatemala is one of the most popular countries in Central America to start your business in. In Latin America, the biggest Fintech countries Mexico with 238 start-ups, Brazil with 219, Colombia with 124, Chile with 75, Argentina with 60, Perú with 47 and Ecuador with 31. Guatemala still offers many niches for Fintech start-ups. Gain insight...

What are the Largest Industries in Guatemala for Business?

by Legal Team Guatemala | May 27, 2020

Guatemala is the largest economy in Central America. Therefore, taking a look at the largest industries in Guatemala is worthwhile for those, who are seeking business opportunities in this country.More than half of Guatemala's economic activity takes place in four sectors: manufacturing (20%), commerce (18%), private sector (14%), and agriculture (12%). In addition, Guatemala has the 80th largest export economy in the world. Statistics estimate the value of its exported goods at approximately...

Manage your Business Risks with Due Diligence in Guatemala

by Team Central America | May 17, 2020

When doing business in Guatemala, managing your business’ risks with due diligence practices is essential to its success and longevity.Language and/or cultural barriers, understanding the market and the way of handling businesses are challenges that foreign business owners face when expanding abroad. Buying existing companies or partnering with locals are key ways to reduce these challenges and get support navigating an unfamiliar market. However, it’s imperative to protect yourself when...

5 Tips for US Companies Doing Business in Guatemala

by Team Central America | May 15, 2020

Find out benefits and opportunities for US Companies Doing Business in Guatemala. Guatemala's size and economic potential offers one of the best options for business expansion into Central America. Guatemala is the third-largest country in Central America, with just over 17 million inhabitants. Its main location for commercial activity is Guatemala City. The official currency of Guatemala is the Quetzal, and its strength offers a significant advantage when expanding into the country from...

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