Beneficios de la expansión de negocios a Guatemala

1. Ubicación estratégica: Ubicada entre América del Norte y del Sur, Guatemala es una puerta de entrada a ambos continentes, lo que la convierte en un centro ideal para las empresas que buscan acceder a diversos mercados.
2. Economía en auge: Guatemala cuenta con una economía resiliente y en crecimiento con varios sectores como la agricultura, la manufactura y los servicios que ofrecen perspectivas lucrativas para los inversionistas.
3. Entorno favorable a los negocios: El gobierno guatemalteco ha implementado numerosos incentivos e iniciativas para atraer inversión extranjera, incluidas exenciones fiscales y procesos comerciales simplificados.

El Proceso de Apertura de Cuentas Bancarias Corporativas

Abrir una cuenta bancaria corporativa en Guatemala es sencillo y eficiente, diseñado para respaldar el flujo continuo de las operaciones comerciales internacionales.

1. Reúna los documentos requeridos: Prepare documentos esenciales como copias de pasaportes, comprobantes de domicilio, licencias comerciales y documentos de entidades legales. Tenerlos listos agilizará el proceso.
2. Seleccione su banco: Elija entre la variedad de bancos de renombre en Guatemala conocidos por su confiabilidad y servicios excepcionales. Las opciones más populares incluyen el Banco Industrial, el Banco G&T Continental y el Banco de Desarrollo Rural.
3. Visite el banco: programe una reunión con el banco elegido. Durante esta cita, un gestor de cuentas dedicado le guiará a través de los trámites necesarios y le proporcionará información sobre las ofertas del banco.
4. Enviar solicitud: Complete los formularios de solicitud de cuenta bancaria y envíe los documentos requeridos. El banco llevará a cabo sus procedimientos de debida diligencia, apegándose a los estándares internacionales.
5. Aprobación y activación de la cuenta: Una vez aprobada, se activará su cuenta bancaria corporativa y recibirá los detalles de la cuenta, lo que le permitirá iniciar transacciones de inmediato.

Tipos de cuentas bancarias más populares

1. Cuenta de ahorros para empresas: Ideal para pequeñas y medianas empresas (PYMES) que buscan almacenar fondos mientras ganan intereses modestos de forma segura.
2. Cuenta corriente comercial: Ofrece flexibilidad con transacciones ilimitadas, lo que la hace adecuada para empresas con altos volúmenes de transacciones.
3. Cuenta en moneda extranjera: Facilita las transacciones en varias monedas, reduciendo los riesgos de tipo de cambio para las empresas dedicadas al comercio internacional.
4. Cuenta de servicios comerciales: Diseñada para empresas del sector minorista o de comercio electrónico, esta cuenta admite el procesamiento de pagos con tarjeta y transacciones digitales.

El acogedor panorama empresarial de Guatemala y sus ventajas estratégicas lo posicionan como una opción atractiva para las empresas que se aventuran en nuevos territorios. Abrir una cuenta bancaria corporativa en esta próspera nación es un paso fundamental hacia una expansión exitosa, y el proceso simplificado, junto con una variedad de opciones de cuentas bancarias, garantiza un viaje sin problemas. A medida que pone su mirada en nuevos horizontes, deje que Guatemala sea su socio en el crecimiento, ofreciendo tanto un mercado prometedor como un ecosistema financiero confiable.

¿Cómo registrar una empresa en Guatemala?

• En primer lugar, decide cuál es el mejor tipo de empresa para tu negocio
• Designar un representante legal
• Elige el nombre de la empresa
• Luego es necesario preparar y notarizar los Artículos de Incorporación
• Pagar las tasas de constitución en Banrural
• El siguiente paso es presentar todos los documentos de inscripción en el Registro Mercantil
• A continuación, puedes obtener el NIF o RUT
• Finalmente, una vez que la empresa esté registrada y asignada un RUT, puede abrir la cuenta bancaria corporativa en el banco de su elección

¡Obtenga asistencia de los expertos de Easyco!

Guatemala está en constante crecimiento y siempre buscando simplificar sus procesos. Para asegurarte de que registras tu empresa de la manera correcta, puedes ponerte en contacto con nosotros. Nuestro equipo de expertos se asegurará de que el registro de su empresa en Guatemala sea exitoso en el menor tiempo posible.

Además, en Easyco, facilitamos la formación de empresas en Guatemala. Nuestro equipo de expertos corporativos tiene una vasta experiencia ayudando a empresas e individuos a registrar sus negocios en Guatemala. Tenemos un historial comprobado de éxito en todos nuestros servicios. Easyco tiene como objetivo abordar los complejos procesos de formación de empresas en LATAM. Facilitamos el registro de empresas al proporcionar una experiencia de registro de empresas en línea sin complicaciones. ¡Inicie su empresa en Guatemala hoy!

Además, Easyco también brinda servicios para garantizar el cumplimiento de su empresa, que incluyen:

• Nombramiento de representación legal,

• Proporcionar una dirección de domicilio social

• Manejo de impuestos y contabilidad

• Servicios de nómina sin complicaciones

• Reclutamiento y contratación de talento

• Gestiona la apertura de la cuenta bancaria de tu empresa

• Gestione el registro de su marca

• Servicios Legales Corporativos

The post ¿Cómo abrir una cuenta bancaria corporativa en Guatemala? appeared first on EasyCo.

¿Por qué es importante el registro de marcas?

El registro de marca es un proceso legal que otorga derechos exclusivos y protección al nombre, logotipo o cualquier otro símbolo distintivo de su marca utilizado para identificar sus productos o servicios. Al registrar una marca, obtiene las siguientes ventajas:

1. Protección de la marca: El registro de la marca le otorga la propiedad exclusiva, evitando que otros utilicen una marca similar que pueda confundir a los consumidores.
2. Recurso legal: Si alguien infringe su marca, el registro le da los fundamentos legales para emprender acciones en su contra en los tribunales guatemaltecos.
3. Reconocimiento en el mercado: Una marca registrada distingue sus productos/servicios de los de la competencia, generando confianza y credibilidad con los clientes.
4. Valor del activo: Una marca registrada puede ser un activo valioso para su negocio, ya que puede aumentar su valor de mercado.
5. Expansión internacional: El registro de marcas en Guatemala puede servir como base para una futura expansión a otros mercados.

¿Qué protege el registro de marcas?

En Guatemala, el registro de una marca protege su marca contra el uso no autorizado o la imitación. Cubre:

1. Marcas denominativas: Protección de nombres, eslóganes o frases asociadas a su marca.
2. Marcas de diseño: Escudo de logotipos, símbolos o representaciones visuales únicas de su marca.
3. Marcas de servicio: Las marcas de protección se utilizan en las empresas basadas en servicios para distinguir sus ofertas.
4. Marcas colectivas: Son utilizadas por organizaciones o asociaciones para identificar a los miembros o productos que cumplen con estándares específicos.

Requisitos para el Registro de Marcas en Guatemala

Para registrar una marca en Guatemala, debe cumplir con los siguientes requisitos previos:

1. Distintividad: La marca debe ser distintiva, no genérica o meramente descriptiva del producto/servicio.
2. Disponibilidad: Asegúrese de que la marca propuesta no esté ya registrada o pendiente de registro por otra entidad.
3. Uso lícito: La marca no debe violar las leyes guatemaltecas, ofender la moral pública o infringir los derechos de terceros.

¿Cómo hacerlo?

1. Búsqueda de marcas: El primer paso es realizar una búsqueda exhaustiva para asegurarse de que la marca deseada esté disponible para su registro.
2. Presentación de la solicitud: Luego, presente una solicitud de marca ante el Instituto Guatemalteco de Propiedad Intelectual (IGPI) junto con la documentación requerida y el pago.
3. Proceso de examen: Una vez presentada, la IGPI revisará su solicitud para verificar el cumplimiento de los requisitos legales y evaluar los posibles conflictos con las marcas existentes.
4. Publicación: Finalmente, si la solicitud es aceptada, su marca será publicada en el Diario Oficial para efectos de oposición. Otras partes tienen 30 días para impugnar su registro.
5. Registro y Renovación: Una vez transcurrido el plazo de oposición y no se presenten objeciones, su marca quedará registrada, y estará protegida por diez años, renovables indefinidamente.

Beneficios de registrar una marca en Guatemala

1. Fuerte protección legal: El registro de marcas proporciona una base legal sólida para tomar medidas contra los infractores, lo que garantiza que se mantenga la integridad de su marca.
2. Exclusividad de mercado: Usted obtiene el derecho exclusivo de usar la marca en relación con sus productos/servicios, lo que reduce el riesgo de confusión de marca.
3. Expansión comercial: Una marca registrada también facilita la expansión comercial y las oportunidades de concesión de licencias dentro y fuera de Guatemala.
4. Confianza del consumidor: Una marca registrada infunde confianza en los consumidores, lo que lleva a una mayor lealtad y un crecimiento potencial del negocio.
5. Ventaja competitiva: Una marca comercial única distingue a su marca de la competencia, lo que mejora su comerciabilidad y visibilidad.
6. Observancia de los derechos de propiedad intelectual: Guatemala ofrece un entorno favorable para la observancia de los derechos de propiedad intelectual, salvaguardando sus intereses comerciales.

En conclusión, registrar una marca en Guatemala es un paso crucial para proteger la identidad de su marca y garantizar su éxito a largo plazo. Al obtener exclusividad legal, establecer la confianza del consumidor y aprovechar las ventajas que ofrece el sistema legal guatemalteco, posiciona su negocio para el crecimiento y la prosperidad. No se demore en asegurar el futuro de su marca: ¡comience el proceso de registro de marca hoy mismo!

¡Obtenga asistencia de los expertos de Easyco!

Guatemala está en constante crecimiento y siempre buscando simplificar sus procesos. Para asegurarte de que registras tu empresa de la manera correcta, puedes ponerte en contacto con nosotros. Nuestro equipo de expertos se asegurará de que el registro de su empresa en Guatemala sea exitoso en el menor tiempo posible.

Además, en Easyco, facilitamos la formación de empresas en Guatemala; nuestro equipo de expertos corporativos tiene una vasta experiencia ayudando a empresas e individuos a registrar su negocio en Guatemala, con un historial comprobado de éxito en todos nuestros servicios. Easyco tiene como objetivo abordar los complejos procesos de formación de empresas en LATAM. Facilitamos el registro de empresas al proporcionar una experiencia de registro de empresas en línea sin complicaciones. ¡Inicie su empresa en Guatemala hoy!

Además, Easyco también brinda servicios para garantizar el cumplimiento de su empresa, que incluyen:

• Nombramiento de representación legal,

• Proporcionar una dirección de domicilio social

• Manejo de impuestos y contabilidad

• Servicios de nómina sin complicaciones

• Reclutamiento y contratación de talento

• Gestiona la apertura de la cuenta bancaria de tu empresa

• Gestione el registro de su marca

• Servicios Legales Corporativos

The post Registro de Marca en Guatemala: Salvaguardando el Éxito de su Marca appeared first on EasyCo.

What is a Tax Identification Number (NIT)?

A Tax Identification Number (NIT) is a unique identifier assigned to individuals and legal entities in Guatemala for tax purposes. The NIT is issued by the Superintendencia de Administración Tributaria (SAT), the country’s tax authority responsible for tax administration and collection. The NIT allows the SAT to track and monitor taxpayers’ financial activities accurately.

Importance of Having a Tax Identification Number (NIT)

1. Compliance with Tax Obligations: Having an NIT is a legal requirement for individuals and businesses operating in Guatemala. It ensures compliance with tax obligations, including filing tax returns, paying taxes, and maintaining accurate financial records.
2. Identification in Financial Transactions: The NIT serves as a unique identifier when conducting financial transactions, such as opening a bank account, purchasing or selling real estate, or engaging in commercial activities. It helps establish a transparent and traceable financial system.
3. Access to Government Services: Individuals and businesses with an NIT can access various government services, such as applying for permits, and licenses, or participating in public tenders. It is often a prerequisite for participating in official transactions and dealings with government agencies.

How to Apply for a Tax Identification Number (NIT) in Guatemala?

Obtaining an NIT in Guatemala involves a straightforward application process. Here are the general steps to follow:

1. Gather Required Documents: Prepare the necessary documents, including valid identification (such as a passport or national identification card) and proof of address (utility bills, rental agreements, etc.). Legal entities must also provide additional documents, such as the company’s legal registration and articles of incorporation.
2. Visit the SAT Office: Visit the nearest SAT office or access their online portal to initiate the application process. The SAT website provides guidance and downloadable forms to assist applicants.
3. Complete the Application: Fill out the NIT application form accurately, providing all requested information. Ensure that the information matches the supporting documents.
4. Submit the Application: Submit the completed application form, along with the required documents, to the SAT office. If applying online, follow the instructions on the SAT website to submit the application electronically.
5. Verification and Issuance: Finally, the SAT will review the application and conduct any necessary verifications. Once approved, the SAT will issue the NIT, usually within a reasonable timeframe.

The Tax Identification Number (NIT) is a vital identification document for individuals and businesses in Guatemala. Obtaining an NIT ensures compliance with tax obligations, facilitates financial transactions, and provides access to various government services. By understanding the significance of the NIT and following the straightforward application process, taxpayers in Guatemala can navigate their tax-related responsibilities efficiently and participate actively in the country’s financial landscape.

How to Register a Company in Guatemala?

• First, choose the best type of legal entity that fits your business needs
• Then, appoint a Legal Representative
• Choose the name of the company
• The next step is to prepare and notarize the Articles of Incorporation
• Pay the incorporation fees at the Banrural
• Submit the registration documents to the Mercantile Registry
• Once the company is registered you can obtain a Tax ID
• Finally, open a corporate bank account in the bank of your choice

Get Assistance from Easyco Experts!

Guatemala is in constant growth and always looking to simplify its processes. To make sure you register your company in the right way, you can get in touch with us, and our team of experts is going to make sure the registration of your company in Guatemala is done successfully and in the least amount of time possible.

At Easyco, we make company formation in Guatemala easy; our team of corporate experts has vast experience helping companies and individuals register their business in Guatemala, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Guatemala today!

Additionally, Easyco also provides services to guarantee your company’s compliance, which include:

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Recruiting and Hiring Talent

• Manage your Company bank account opening

• Manage your Trademark Registration

• Corporate Legal Services

The post What is the Tax ID in Guatemala? appeared first on EasyCo.

Guatemala is also one of the most successful economies in Central America. It has a GDP of $319 billion, which represents the 35% of the GDP (Gross Domestic Product) of the region. Furthermore, its currency, the Quetzal Guatemalteco (Q), has been stable against the American dollar for over 15 years. This makes it a very attractive country for investors and entrepreneurs from around the world.

Are you interested in starting a business in Guatemala? Do you want to know how to successfully register your company? How to register a company in Guatemala? At Easyco we teach you how with a step-by-step guide on the company registration process in Guatemala!

1. Decide which is the right type of company for your business in Guatemala

   The first step in the incorporation process of a company in Guatemala is to decide on which type of company best suits your needs. It is important to have into consideration what the business activity is going to be, the size of the company, the number of partners, and the initial capital contribution each of them are going to make to start operations.

   These are the 2 most common types of companies in Guatemala:

   • Limited Liability Company or Sociedad de Responsabilidad Limitada (SRL): An SRL in Guatemala needs a minimum of 2 partners and a maximum of 20 at the moment of incorporation. This type of company can either have a board of directors or be managed by a single director, who has to be chosen by all the members.

   • A Corporation or Sociedad Anónima (SA): An SA needs a minimum of 2 shareholders at the moment of incorporation. There is no limit on the number of partners a Corporation can have in Guatemala, and the capital contribution of each partner is divided into shares.

2. Appoint a legal representative

   If your shareholders are not present in Guatemala, a Power of Attorney will be required that allows your legal representative to carry out the process locally. This Power of Attorney has to be signed by the corresponding party.
   Also, consider that for foreign shareholders additional documentation will be required.
   All documentation that comes from abroad must be duly legalized and apostilled (if applicable), and these hard-copy documents must be sent to Guatemala. Finally, consider that documentation that is not in Spanish, will require translations to be accepted by the local agencies.
   Although this step might sound cumbersome and time-consuming, it is a standard process to register your company in Guatemala. Nevertheless, there is another way in which you can incorporate Guatemala without completing this step first. Send us a message to learn more.

3. Choose the name of the company

   In Guatemala, it is important to consider that the name of the company has to reflect the nature of the business and the commercial objective. It is also necessary to have at least 3 possible names chosen in case one of them is unavailable or similar to other companies names.

4. Prepare and notarize the Articles of Incorporation of your company

   Once you’ve chosen the name of your company, it is time to prepare the Articles of Incorporation of your company in Guatemala. This document must include all the information about the business, legal representative, capital, etc.

   The Articles of Incorporation must include the following information:

   • Name of the company

   • Legal representative information

   • Share capital information

   • Registered office address

   • Management structure

   • Extinction and liquidation detail plan

   It is recommended that the Articles of Incorporation are reviewed by a local lawyer to make sure the information is complete and ready to be submitted to a Public Notary.

5. Pay the incorporation fees at the Banrural

   Once the Articles of Incorporation are notarized, they must be submitted to the Mercantile Registry for the incorporation of the company. Before submitting them, the incorporation fees must be paid at the Banrural (Banco de Desarrollo Rural de Guatemala).

6. Submit the registration form and documents to the Mercantile Registry

   The Mercantile Registry of Guatemala is the government’s office in charge of regulating all commercial activities in the country. They are responsible for the creation of new companies. At their offices, you will need to submit a file with the documentation required to register the company.

   This is the list of documents required by the Mercantile Registry to begin the incorporation process of your company in Guatemala:

   • Application Form

   • Receipt of payment of the incorporation fees

   • Articles of Incoporation

   • Power of Attorney and legal representative information

   • Registered Office Address

   • Copy of the identification of the members, partners, or shareholders

   If all the documentation is correct and the company is registered, the Mercantile Registry will assign the company an identification number, known as Commercial Patent or ‘Patente de Comercio’. This is the document that allows the company to pursue commercial activities in Guatemala.

7. Obtain a tax identification number or RTU

   Once the company is officially registered at the Mercantile Registry, you can submit an application to the Superintendencia de Administración Tributaria (SAT), to obtain a tax identification number, called Registro Tributario Único (RTU), in Spanish. This is the final step of the company registration process and will finally allow the company to operate in Guatemala.

8. Open a Corporate Bank Account in Guatemala

   To start operations in Guatemala, companies need to open a corporate bank account. Each bank offers different types of accounts with many benefits depending on the agreement and goals of the company. The bank should offer good pricing structures for international transactions.

   These are some of the documents banks in Guatemala need to open a corporate bank account. Keep in consideration that this may differ depending on the type of bank account you choose and also the bank.

   • Articles of Incoporation

   • Power of Attorney of the Legal Representative

   • Commercial Patent

   • Utility bill

   Also, it is important to consider that some banks may have foreign transaction restrictions for companies that have foreign shareholders. It is crucial to take this into account as part of your company establishment strategy, as identifying a bank that has flexible policies will determine when your new company can start its operations.

Get Assistance from Easyco Experts!

Guatemala is in constant growth and always looking to simplify its processes. To make sure you register your company in the right way, you can get in touch with us, and our team of experts is going to make sure the registration of your company in Guatemala is done successfully and in the least amount of time possible.

At Easyco, we make company formation in Guatemala easy; our team of corporate experts has vast experience helping companies and individuals register their business in Guatemala, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Guatemala today!

Additionally, Easyco also provides services to guarantee your company’s compliance, which includes:

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Recruiting and Hiring Talent

• Manage your Company bank account opening

• Manage your Trademark Registration

• Corporate Legal Services

The post How to Register a Company in Guatemala appeared first on EasyCo.

Guatemala is a country in Central America known as a very popular travel destination for tourists that love extreme sports, trekking, and being in touch with nature. The country has many beaches, waterfalls, and volcanoes, as well as many animals and species that can only be found in that unique region.

Payroll in Guatemala

These are some of the general information to keep in mind about payroll and general employee benefits in Panama. These can vary depending on the industry, type of work done, and other criteria.

• Working Hours

  For daytime workers, it can be from 6 to 8 hours a day, from Monday to Friday or Saturday, depending on the agreement with the employee. The total accumulated number of hours a week worked can not be more than 48.

  From 8 pm to 6 am it is considered nighttime, and employees can’t work more than 6 hours or an accumulated 36 hours a week.

• Overtime

  For overtime work, that exceeds the maximum 48 hours allowed, the employee is paid at 150% of the normal pay.

• Paid Leave

  • Paid Time Off (PTO): Employees have 15 days of paid vacation per year working in a company

  • Public Holidays: There are a total of 12 National Public Holidays in Guatemala

  • Maternity Leave: Mothers have a total of 84 days of maternity leave, starting from a month before the expected due date.

• Minimum Wage

  In Guatemala, the minimum wage depends on the industry you’re working in. In the agricultural industry it is at 2,742.37 GTQ, followed by exporting or maquila at 2,581.76 GTQ, and nonagricultural activities at 2,825.10 GTQ.

  Remember that employees working at a minimum wage also are entitled to additional monthly compensation of 250 GTQ.

Contributions

The employer and the employer make the contributions both:

These are the contributions paid by the employer:

• Social Security: 10.67%

• Workers Recreatonial Institute – IRTRA (for private companies only): 1%

• Professional Training Institute – INTECAP: 1%

And these are the contributions paid by the employee:

• Social Security: 4.83%

Why outsource the payroll of your company?

Outsourcing the payroll tasks of your company in Guatemala can give you and your team the freedom to focus on other areas of the business. Payroll can seem like a daunting task, especially in a new country with contact changes in regulations and laws.

Outsourcing can be the best option for companies that are first starting operations, as well as companies that are already established and are looking to optimize their processes, relieve their team of the payroll workload, and reduce costs.

It is important to have in mind the advantages and disadvantages of both, doing the payroll in-house or outsourcing it, and if necessary discussing it with other areas of the company, such as accounting, legal, etc.

Benefits of outsourcing payroll tasks

• Local expertise, experience, and continuous support

  Outsourcing companies work with the best-trained skilled professionals with years of experience in their field. They’re also in constant training and always aware of all law and regulations updates and changes. This is especially helpful if your company is based in another country and just starting operations in Guatemala.

  Furthermore, as a company that offers outsourcing services, our priority is always to support the development and growth of your business. That’s why we give you constant and continuous support, which allows us to solve any last-minute problems or requirements.

• Low risk of errors

  Outsourcing the payroll decreases the possibility of mistakes and errors that can lead to sanctions and fines from the authorities. Outsourcing companies make sure all their actions comply with local regulations and are in constant training to stay up to date with changes and new laws.

• Cost-efficient

  Outsourcing is also a common alternative for businesses that want to reduce some costs. In general, companies that choose to outsource their payroll save up to 18% in comparison to the companies that do it in-house.

What tasks can be outsourced?

At Easyco, our goal is to make your company in Guatemala run as smoothly as possible. That’s why we’ve compiled a list of payroll services designed to cater to all your business needs. Keep in mind that if you need any additional service we can also help you, just send us a message with your requirements and we’ll get back to you as soon as possible!

• Calculation of paycheck

• Direct deposit to multiple accounts

• Payroll tax comprehensive service

• Locality processing

• Reporting of employee benefits

• Usage tracking and accrual – Vacation, Holiday, Sick, Personal Time, PTO

• Digital checks in PDF format

• Garnishment disbursements

• Reports in a standard format and client-developed reports

• Guidance for employee insurance

• Customer support via e-mail or Whatsapp

Get Assistance from Easyco Experts!

Guatemala is in constant growth and always looking to simplify its processes. To make sure you register your company in the right way, you can get in touch with us, and our team of experts is going to make sure the registration of your company in Guatemala is done successfully and in the least amount of time possible.

At Easyco, we make company formation in Guatemala easy; our team of corporate experts has vast experience helping companies and individuals register their business in Guatemala, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM and makes business registration easy by providing a hassle-free online company registration experience. Start your company in Guatemala today!

Easyco also provides additional services to guarantee your company’s compliance, which include:

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Recruiting and Hiring Talent

• Manage your Company bank account opening

• Manage your Trademark Registration

• Corporate Legal Services

The post Payroll Outsourcing Services in Guatemala appeared first on EasyCo.

For new investors and business owners looking to expand their companies or start a new one in Guatemala, it is necessary to know and understand the different types of legal forms and structures there are. This will allow them to choose the right one according to their needs, type of business, and objectives.

What are the most common types of legal structures in Guatemala? Which one is the best for my business? How to set up a company in Guatemala?

Limited Liability Company or ‘Sociedad de Responsabilidad Limitada’ (S.R.L. or LLC)

A Limited Liability Company in Guatemala is similar to in other parts of the world since the liability of the partners is limited to their contributions.

• The participation of each partner is divided into ‘Contributions’

• It needs a minimum of 2 partners at the moment of incorporation and it can have a maximum of 20

• All of the partners in this type of legal entity have to be natural

• The name of the company must reflect the nature of the business or it can also be the full name or last names of one or two of the partners

‘Sociedad Colectiva’ (Ltda. or Cía Ltda.)

In a ‘Sociedad Colectiva’, the partners have unlimited liability, which means they are responsible for ll the company’s obligations and responsibilities with tax and other governmental authorities.

• All the partners have unlimited liability for the obligations and responsibilities of the company

• The company’s name must have the full name of one of the partners or the last names of two of them, followed by the abbreviation ‘Ltda.’ or ‘Cía Ltda.’

• This type of company is used often in small businesses where there’s trust between the partners

• It requires a minimum of two partners and can have a maximum of 20

Corporation or Sociedad Anónima (S.A.)

The ‘Sociedad Anónima’ or Corporation is Guatemala’s most common type of company. It is the favorite of business owners and entrepreneurs, but also for big companies because the information about the shareholders and their contributions can stay anonymous.

• In Corporations, the capital is divided into ‘Shares’ or ‘Acciones’ in Spanish

• The minimum initial capital has to be Q5,000.00 or around USD 640

• The Shares can be transferred freely, but following the rules written in the Articles of Incorporation

• It requires a minimum of 2 shareholders for the incorporation and there is no maximum

Foreign Branch Company

If you wish to open a Branch in Guatemala, you can also do it! All you need to do is prove the existence of the main company, and have a legal representative and registered office address in the country.

• Foreign corporations must issue a bond of at least USD$ 50,000 as a guarantee

• The Branch must have a registered office address in Guatemala

• There must be a permanent Legal Representative that acts on behalf of the main company

How to register a company in Guatemala?

These are some of the steps you need to follow to register a company in Guatemala. Remember that these steps may be different depending on the type of legal structure you choose, the number of partners or shareholders, and more:

1. Decide which type of company that best suits your business needs

2. Appoint a Legal Representative

3. Choose the name of the company depending on the type

4. Prepare and notarize the Articles of Incorporation

5. Pay the incorporation fees at the Banrural

6. Register the company at the Mercantile Registry

7. Obtain a Tax Identification Number or RTU

8. Open a corporate bank account

Get Assistance from Easyco Experts!

Guatemala is a good location to start your business! At Easyco, we make company formation in Guatemala easy; our team of corporate experts has vast experience helping companies and individuals register their business in Guatemala, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM and makes business registration easy by providing a hassle-free online company registration experience. Start your company in Guatemala today!

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Company bank account opening

• Manage your Trademark Registration

• Recruiting and Hiring Talent

• Corporate Legal Services.

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