President highlights promotion of laws and digitalization of services for the generation of investments

guatemalalacapital_iqw7v5 September 29, 2022

0 0 1 minute read

Guatemala City, Sep 22 (AGN).- During the Investors Summit, held in New York, United States, the president Alexander Giammattei He spoke about the competitiveness and business climate agenda promoted by the Government of Guatemala, whose purpose is the generation of investments that allow employment opportunities for Guatemalans.

The official placed special emphasis on the package of laws promoted by the Executive Branch to give legal certainty to investors, as well as the plan for the transformation and digitization of services to streamline any procedure.

Guatemala is a country of opportunities, amazing and unstoppable, indicated the Guatemalan dignitary to those present, emphasizing that the country is an ideal, attractive and safe destination for generating business.

#Live | Leader @DrGiammattei in the #InvestorsSummit: “#GuatemalaDoesNotStop It is a milestone in the region for its multisectoral alliances. In 2022 the agreement was signed, of which I feel honored by the trust placed by the private sector in the @GuatemalaGovernment“. pic.twitter.com/nBEVL4nq70

— AGN (@AGN_news) September 22, 2022

regulations

Between 2020 and 2022, a series of regulations have been approved that make Guatemala an investment-facilitating nation.

Among the laws passed are:

Preferential Interest on Social Housing
Simplification of Procedures
Insolvency Law
Regulation of the Free Zone Law
Leasing Law
Promotion of Foreign Capital Investment

This latest regulation, recently approved by the Legislature and published in the Diario de Centro América, allows the investor, according to the government official, arrive, invest in Guatemala and, for 10 years, the tax numbers cannot change the investor.

Digitization

To improve, simplify and streamline various procedures, the Government of Guatemala maintains the process of transformation and digitization in public entities.

This has led to strengthening services and reducing the time to solve any diligence.

This includes the following:

Single Window for Construction
the Single Window for Foreign Trade
Single Window for Investments
100% digitized Mercantile Registry
online tax payment

They are going to find a country that opens the door to the investor, they are going to find a government that is a facilitator, not a government that hinders. We are the facilitator with laws, framed the president.