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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
23 May, 2017 14:39:38
Guatemala,
Guatemala
Refrigerators are produced and exported, and some are used for sporting events such as the FIFA Soccer World Cup, Soccer Eurocup, and Superbowl
Manufactures
Manufactured Products
Products from Guatemala are exported to countries throughout the world, mainly the United States, Mexico, UK, Japan, Hong Kong, France, Switzerland, Italy, Canada, Holland, Spain.
#Manufactures
In Guatemala
The manufacturing sector contributes 19% to the Gross Domestic Product of Guatemala, generating around US$10,273 million.
#Manufactures
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Light Manufacturing

Light Manufacturing

The light manufacturing industry is extremely dynamic with a strategic geographic location, competitive costs and manual labor abilities, making Guatemala an important destination and overall ideal partner for the sector. Currently, Guatemala seeks to position itself as a world-class investment destination, generating quality products and developing strategic sub sectors that require advanced technology, such as electronics, manufacturing, refrigeration equipment, auto parts, plastics, pharmaceuticals, medical devices, cosmetics, and software amongst others.
WHAT ADVANTAGES DOES GUATEMALA OFFER?
  • The manufacturing sector contributes 19% to the Gross Domestic Product of Guatemala, generating about $10,273 million (Source: Bank of Guatemala).
  • Exports over $2,458 million  (Source: Bank of Guatemala).
  • Machinery manufacturing increased by 47% between 2007 and 2013 (Source: Bank of Guatemala).  
  • Plastics and rubber manufacturing have grown 63% between 2007 and 2013 (Source: Bank of Guatemala).
  • Chemical manufacturing has grown 53% between the period of 2007 and 2013 (Source: Bank of Guatemala).  
  • Guatemala accounts for 35% of domestic consumption in Central America (Source: World Bank).
  • Guatemala processes and exports refrigerators, some are used for world-class sporting events such as World Cup Soccer FIFA Soccer Championship and Superbowl (Source: Fogel).
  • Products manufactured in Guatemala go to countries throughout the world, primarily the United States, Mexico, UK, Japan, Hong Kong, France, Switzerland, Italy, Canada, the Netherlands and Spain (Source: Bank of Guatemala). 
  • Guatemala has technical training centers INTECAP (Technical Institute for Training and Productivity) for the Guatemalan workforce. 
  • Guatemala offers skilled, quality workmanship, according to international standards at competitive costs. 
  • Legal incentives (such as the Law of Foreign Investment, Law of Free Trade Zone, and The Law of Promotion and Development of Export and Factory Activity) attract investment to this sector. These incentives apply to import tax exemptions, income tax, and other related taxes for a determined period.

Source: Guatemalan Exporters Association (AGEXPORT)

AttachmentSize
Light Manufacturing585.78 KB
The industry contributes
19%
to the National Gross Domestic Product.
Plastics and rubbers have grown
63%
since 2007.
Exports of more than
$2,458
million to around the world.
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3
Light Manufacturing Numbers
GUATEMALAN PRODUCTS
REACH THE ENTIRE WORLD

Guatemalan products are becoming ever more sophisticated and valuable, allowing the country to compete in major markets worldwide. United States, Mexico, and the rest of Central America are the destination for 88% of the manufactured products of the country. Other destinations such as South America, Canada, China, Korea, Japan, and Taiwan are becoming important destinations in this industry, opening new investment opportunities.

#INVESTINMANUFACTURING

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