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Guatemala

Guatemala Flag

Country: Guatemala
Region: Americas
Currency: Guatemalan quetzal (GTQ)
Languages: Spanish
Time Zone: UTC -6

Phone Code: +502

Communications: OK

Formation Cost: 500 - 900 USD$
Formation Time: 10 - 40 days
Maintenance cost: 100 - 300 USD$

Executive Summary: Guatemala is located in Central America, bordering the Pacific Ocean between El Salvador and Mexico, and bordering the Caribbean Sea between Honduras and Belize. It has a land area of 109,000 sq km and is the most populous country in the region, with a population of 14.6m. The official language is Spanish, although Amerindian languages are spoken by about 40% of the population. The agricultural sector accounts for 13.5% of GDP and 38% of the labour force; key agricultural exports include coffee, sugar, bananas, and vegetables. The economy grew by an estimated 3.3% in 2013. The 1996 peace accords, which ended 36 years of civil war, removed a major obstacle to foreign investment and ratification of the Dominican Republic-Central American Free Trade Agreement has encouraged economic diversification and spurred exports. Guatemala is the top remittance recipient in Central America, with inflows serving as a primary source of foreign income equivalent to nearly two-fifths of exports or one-tenth of GDP. Tax incentives are provided to companies in free trade zones and in the renewable energy sector.

Suitable for: Banking, Insurance, Yachting, Trading Goods, Trading Financial, Intellectual Property/Licensing, Holding Companies, E-commerce, Property Ownership
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Company Purpose Stats:

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Vehicle Types: Limited liability companies, stock corporations and limited partnerships

Capital primary business districts: Guatemala City

Good Relationships: Canada, China, India, United States

Bad Relationships: Burma, Cuba, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria

Tax Burden - Business: Moderate

Tax Burden - Individual: Light

Headline tax rates: CIT 28%, PIT 5%-7%, VAT 12%

Treaty Jurisdictions: None

TIEA Jurisdictions: Australia, Denmark, Faroe Islands, Finland, Greenland, Iceland, Norway, Sweden

Information Links:

 

 

 

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