Guatemala’s location provides excellent access to the Central American region, and its access to both Pacific and Caribbean coasts is a boon for exporters – making Guatemala a regional hub. Its healthy economy represents a full 35% of the Central American GDP and its rate of foreign direct investment has grown by 376% since 2013. The Guatemalan currency, the Quetzal, has been stable against the US dollar for the last decade.
The principal sectors of the economy are manufacturing, services, and retail; which combined, represent 45% of Guatemala’s GDP. And Guatemala is a major energy exporter – sending 12–15% of its total energy production to El Salvador, Honduras, and Nicaragua.
Ranking 96/190 on the World Bank’s Ease of Doing Business, Guatemala places no restrictions on remittances and repatriated capital beyond applicable taxes. However, Guatemala has no dual-taxation agreements, and businesses spend c.250 hours per year on administrative bureaucracy.
AUXADI can become your ideal investment partner in Guatemala. From our office, located in Guatemala City, we offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.