At initial look, Guatemala could possibly not be the 1st location in Latin The usa to shift into and set up a company. But with its persistently escalating economy, tax-absolutely free economic zones and close proximity to the more substantial markets of and the United States, undertaking company in Guatemala might be the right choice for particular companies and people today.

What are the rewards of carrying out business enterprise in Guatemala?

There are a lot of positives to executing business enterprise in Guatemala (as properly as problems, far more on that later) but the upsides could shock you:

  • Guatemala is welcoming of international financial commitment
  • It features regularly potent financial advancement
  • Possesses a proficient labor drive
  • Is house to fashionable telecommunications infrastructure
  • Has no cost trade agreements with the US, Central The us

SEE ALSO: How to Incorporate a Business in Guatemala

1. Open up to international investment decision

There are incredibly number of limitations for foreigners who are imagining of carrying out business in Guatemala. It is an open, free-industry economy, and practically all sectors of its economy are open to foreign expense. Foreigners can very own property these types of as motor vehicles and authentic estate free of any have to have for local co-signers, companions or stakeholders, and there is no restrict to how substantially of a enterprise a foreigner owns. There are also no constraints relating to the most proportion of foreign shareholders in a business enterprise.

2. A consistently developing financial state

The Central American country’s economy dwarfs its neighbors in conditions of dimensions. Guatemala signifies 35 percent of the region’s GDP, and has viewed foreign direct financial commitment improve by 376 per cent because 2013. The principal sectors of the Guatemalan economic system are producing, companies, and retail commerce, which blended make up 45 percent of its GDP. Guatemala’s currency, the Quetzal, has been stable in opposition to the US greenback for the very last 10 years – this alone may possibly be reason enough to think about undertaking enterprise in Guatemala.

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