Guatemala company legislation allows for the incorporation of various types of business companies. Business companies which can be incorporated in the jurisdiction of Guatemala are Limited liability partnership companies, Guatemala Corporation, General Partnerships and limited partnerships. The incorporation of Guatemala companies is being governed by the Commercial Code of Guatemala. Foreign companies are also allowed to be registered in Guatemala.

One of the positive features of this country is its robust statutory framework for registering business entities and investment tools. This sets the foundation for certain financial decisions to be taken using the help of licensed financial service representatives who cater to nationals of foreign countries. There are many low tax benefits to gain, and one of the things you can do is apply for a second citizenship via one of the citizenship by investment programmes established in certain countries for husbands and wives with children private individuals. Wisely using your account or company in Guatemala to create an integrated approach to wealth preservation serves to produce tremendous long term financial gains. Click here to get more information.

The Guatemala Company legislation places no restrictions on the nationality of those persons who are deemed eligible to incorporate Guatemala companies. Both residents of the jurisdiction of Guatemala and foreigners are permitted to incorporate Guatemala companies according to Guatemala company legislation. The Guatemala company legislation has placed a few limits as to how far foreign investments are permitted in the jurisdiction. Foreign investments in Guatemala’s military and transportation is constrained by the law.

Guatemala company legislation permits all types of Guatemala companies to do business in the territory and outside of the country as well. Guatemala company legislation states that companies which carry out business operations in the jurisdiction are obligated to pay local taxes such as income tax and corporate taxes. The Guatemala companies which do no business in the jurisdiction are exempted from all forms of local taxes. It is for this reason that the Guatemala Company is often referred to as an offshore company because the Guatemala company legislation provides Guatemala companies with advantages which only offshore companies are known to receive. Guatemala companies which have no local business operations are also exempted from Stamp duty.

When incorporating a Guatemala company, the Company legislation of Guatemala states that articles of incorporation must be prepared and submitted for registering local Guatemala companies. The use of registered agent is authorized for registering Guatemala companies. All information for registering Guatemala companies must be submitted to the Registrar of Companies. The registration process for Guatemala companies can take up to two (2) weeks to conclude. The Articles of Incorporation for a Guatemala Company must have the following information:

  • The name of the Guatemala company
  • The registered address of the company
  • The type of business to be carried out
  • The purpose for forming the Guatemala company
  • The name and address of the company shareholder
  • The names and addresses of company directors
  • The authorized share capital of the Guatemala company
  • The number and types of shares to be issued
  • The rights and limitations placed on each type of share issued
  • The by-laws of the company

In the case of Guatemala Limited partnership Companies

  • the names and address of the general partners
  • The names and addresses of limited partners
  • The type of business to be carried out
  • The contribution of each partner
  • The extent of the liability of each partner
  • A statement signed by the partners declaring that the company to be incorporated is a partnership company

Guatemala company legislation allows for the formation of a Guatemala corporation with just two individuals or corporations, one shareholder and one director. Partnership can be incorporated with anywhere between two (2) and twenty (20) individuals. Guatemala company legislation is made up of very modern laws which ensure that the Guatemala companies are the best trading companies available.