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Guatemala, a country to live

With beautiful sceneries, high cultural diversity, abundant historical and cultural attractions, a highly developed capital city, Guatemala is definitely a unique country to live in. It has been ranked as one of the 10 happiest and most positive countries in the world.

Political and Financial Situation

Guatemala is an economically thriving country. Being the largest economy in Central America, it has a wide diversity of destinations and products. In addition, macroeconomic stability is widely recognized; has a low and controlled inflation, exchange rate stability and one of the lowest external debts in Latin America. Download document Guatemala in figures:

Guatemala's Climates

Guatemala, the country of the Eternal Spring, is a country with an exceptional climate. With an average temperature of 21°C (70°F) throughout the year and more than 360 microclimates along its 108,889 km² (42,042 mi²), the climate allows for a variety of activities which makes it a unique country.

Investments in Latin America

Latin America is a region of great economic importance and very attractive for foreign investment, representing 13.5% of total direct foreign investment worldwide, according to UNCTAD. To strengthen trade and foreign investment in the region, the Interamerican Development Bank created ConnectAmericas, a social network for promoting business and investment in the region. See more at:

How to open a business in Guatemala

To operate in Guatemala, every investor should register their company in the Commercial Register. The process takes from 12 to 19 days. The easiest and fastest way to do this is through a web portal designed to make all of your arrangements online and communicate directly with the institutions involved in the opening process.

Tourism in Guatemala

More than a journey, Guatemala is full of life lessons. It has 42,042 square miles of immense diversity: Colonial Cities, Mayan Ruins, Caribbean Coast, Pacific Ocean, Volcanoes, Lakes, Tropical Rainforest, spaces to practice extreme sports, and a highly developed city . However, the country offers more than this: leaving life lessons to every visitor.

“For one of our main clients, Allied Global’s operations in Guatemala represent its second major call center service provider” -Germán López, Chief Strategy Officer. Allied Global
“Guatemala represented a unique and attractive business model. A challenge was visualized in Guatemala. We ran the risk and it worked” -Lic Juan Martínes Venegas, General Manager Marhnos Guatemala
EGS
"Guatemala is our main emerging market in Latin America. All of our clients are pleased to do business in Guatemala - José J. Urizar, EGS Operations VP in Guatemala
“In Guatemala, the tax incentives to establish a new business are attractive, the business environment is positive and optimistic, and the workforce is excellent” -Federico Medinilla, CEO Xerox Guatemala
20 August, 2017 17:04:00
Guatemala,
ENERGY AND PETROLEUM
In 2013, the country generated 168.6 GWH of electricity with even more growth capacity.
#INVESTINENERGY
ENERGY AND PETROLEUM
Guatemala is the main energy exporter for Central America and has identified potential to increase energy generation and export.
#INVESTINOIL
Oil Development
Auction of oil field development rights for 4 areas in the state of Izabal in the first fiscal quarter of 2014 .
#Petroleum
Energy and Mining Ministry
Guaranteed bidding for 250 MW of power to be held in February 2014.
#Energy
Renewable Energy
The energy sector is one of the strongest and most solid. The change in the energy grid seeks to increase investment in renewable energy.
#INVESTINENERGY
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Energy and Oil

Energy and Oil

The energy and oil industry is one of the greatest potential investment attractions for large foreign corporations. Guatemala is the largest exporter of electricity in the Central American region, where exports reach up to Panama, thanks to the Central American interconnected network (SIEPAC). We have a mature market, specific and delimited legal framework, and high standards. (Source: Regional Electric Interconnection Commission- CRIE)
WHAT DOES GUATEMALA HAVE TO OFFER?
  • Guatemala is the main electricity exporter for Central America and has identified potential to increase generation and exports (Source: Ministry of Energy and Mines).
  • It is expected that oil production will exceed 50,000 barrels per day. This makes Guatemala the largest producer and exporter of oil in the Central American region (Source: Ministry of Energy and Mines).
  • About 10,125 barrels of oil are produced in Guatemala per day (Source: Ministry of Energy and Mines).
  • Over 50% of the energy generated on Guatemalan soil is green or clean (Source: Ministry of Energy and Mines).
  • In 2013, the country generated 9,168.6 GWH of electricity with even more capacity for growth (Source: Ministry of Energy and Mines).
  • Guatemala has the production potential of 750 million of oil barrels and up to 5,000 MW of electricity through hydroelectric power plants.
  • Guatemala has the storage capacity for up to 600,000 barrels.
  • There is an oil pipeline of 570 km (354.2mi) that connects the major oil wells of the Northern region of the country with the Atlantic Coast and a port with the capacity to export.
  • Up to 639.1 GWh has been exported in the period 2012-2013 through the Electric Interconnection System of the Central American Countries (SIEPAC), evidence of the infrastructure for generation, transmission and distribution.
  • 80% of the electricity generated originates from private capital (Source: Ministry of Energy and Mines)
  • Guatemala has been selected by top multinational companies, such as Actis, Empresas Publicas de Medellin (Public Companies of Medellin), Enel, AEI, Perenco, Cobra, and Pacific Rubiales.
  • Has laid out a focus towards renewable energies, which through tax incentives encourages a change in the energy grid.

There is a legal framework in Guatemala for private generation, distribution and commercialization of electricity

(Source: Ministry of Energy and Mines)

AttachmentSize
Energy and Oil863.74 KB
Around
10,125
barrels of oil are produced daily in Guatemala
Private companies generate
80%
of the country's electricity.
Capability to produce
5,000MW
through hydropower plants.
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ENERGY AND OIL NUMBERS
ENERGY AND OIL
Change of the energy generation grid

Guatemala seeks to expand electricity generation through renewable sources and reduce generation through fossil fuels, opening a high opportunity for foreign investment. It has potential to generate up to 5,000MW of hydroelectricity, 7,800MW of wind power, 1,000MW of geothermal energy, and 10,446GWh/year through solar energy.

#INVESTINENERGY
#INVESTINOIL

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