Guatemala: Parque Nacional Sierra del Lacandón 91°26’22,2″ y 90°32’11,7″ de longitud (Decreto , ) (1). Excepto en algunas Ley de Áreas Protegidas, reformas a la ley Decretos , y , y. Guatemala is one of the countries most benefited by its geographical position . of Exemptions, Exemptions and Deductions, Decree The Impact of Tropical Storm Stan in Guatemala. on Matters Related to. Taxation and Public Finance, Decreto Número , Ley de Supresión de.
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Guatemala is one of the countries most benefited by its geographical position and cultural diversity, which allows it to have an attractive climate for foreign investment. Due to that reason, a series of legal reforms were enacted in recent months, in order to achieve the development of different sectors, which included changes in the processes of opening businesses, through the Amendments to the Commercial Code, in accordance to Decree  ; as well as the search for legal mechanisms to make easier obtaining credits, through the creation of the Factoring Law, which was approved in January  and became effective on August 21, There are other initiatives pending for approval in the Congress, which seek the economic growth of a range of sectors, including tourism, trade, energy, construction, agriculture and cattle raising, manufacturing and services, in order to achieve an increase in productivity.
FOREIGN INVESTMENT IN GUATEMALA – LatinAlliance
The applicable Legislation for foreign investment and fiscal incentives in Guatemala includes a variety of regulations that allow the investors to enjoy security and legal certainty about their capital. Among the main provisions that apply in the country it is important to mention the following:. These are the main legal instruments that regulate foreign investment, decret foreigners the right to participate in any type of economic guatema,a in Guatemala without any limitation regarding the percentage of acquisition and control of the investment; only establishing limitations for the following activities:.
It mainly includes the regulations applicable to companies that produce goods for export or re-export without transforming or modifying the original product, as well as companies related to international trade services, with the following incentives:. It establishes incentives for the importation of primary goods to be processed for export in Guatemala; especially for the production, transformation, assembly, and processing of industrial goods related to the garment and textile industry, as well as the provision of services linked to technologies, including call centers.
Some of the benefits are:. Regarding the same, it is important to highlight the elimination of a series of activities that could not be produced or commercialized from Free Trade Zones, including:. Sincethere is an Initiative of Law tending to modify the Reforms arisen with the Emerging Law for the Conservation of the Employment, taking into consideration that such regulation puts in risk the current operation of several companies in the Regime of Free Zone and closes opportunities to the country for foreign investment, placing Guatemala at a competitive disadvantage compared to other countries.
It is our understanding that, currently, the Congress is still discussing the same, and it will probably be submitted for approval in the coming weeks. These grant tax benefits to companies that develop energy projects with renewable sources, including:. For more information, please contact LatinAlliance Guatemala, Attorneys at Lawto the following e-mail address: Your email address will not be published.
Among the main provisions that apply in the country it is important to mention the following: These are the main legal instruments that regulate foreign investment, guaranteeing foreigners the right to participate in any type of economic activity in Guatemala without any limitation regarding the percentage of acquisition and control of the investment; only establishing limitations for the following activities: Its exploitation is destined to Guatemalan companies or national citizens; Insurance: It is prohibited for foreign companies to have national branch offices for this purpose; Professional Services: It is not allowed for foreign companies to provide services for which a University Degree is required.
It mainly includes the regulations applicable to companies that produce goods for export or re-export without transforming or modifying the original product, as well as companies related to international trade services, with the following incentives: Some of the benefits are: Suspension of customs duties and taxes on imports, including Value Added Tax VATon raw materials, semi-finished products, materials, packaging, packaging and labels, for up to one 1 year.
Suspension of payment of customs duties and taxes, including Value Added Tax VATon samples, instructions, patterns, and others, for up to one 1 year.
FOREIGN INVESTMENT IN GUATEMALA
Exemption from Income Tax that is obtained from the export of goods manufactured or assembled in the country, for a period of ten 10 years.
Exoneration of customs duties and taxes on imports, on machinery, equipment, parts, components and accessories, necessary for the production process.
Regarding the same, it is important to highlight the elimination of a series of activities that could not be produced or commercialized from Free Trade Zones, including: Exploitation, commercialization, or storage of crude oil, decreo, as well as natural gas or its derivatives; Fishing and raising marine species or fresh water; Recreation centers and hotels; Forestry, wood exploitation; Sugar cane, refined and molasses; Coffee, parchment and gold, among others.
These grant tax benefits 1179-7 companies that develop energy projects with renewable deceto, including: Tax Exemption, as well as the Value Added Tax, VAT, and import duties on machinery, equipment, parts and accessories, for a period of ten 10 years; Extension of Income Tax for a period of ten 10 years.
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