Guatemala City, Oct 18 (AGN).- To continue on the path of growth of Guatemala as an investment destination and nearshoringthe ruler Alexander Giammattei presented at the Forbes in Spanish Economics and Business Forum the efforts made by the central government in promoting laws to provide legal certainty for investments.
Dignitary Giammattei explained that the Executive Branch has promoted a package of pro-investment laws since 2020.
These actions are part of the Guatemala does not stop plan, which aims to continue on the path of economic growth and development opportunities for Guatemalans.
regulations
The Guatemalan President explained to those present the approved regulations, which are:
- Preferential Interest for Social Housing
- Simplification of Procedures
- Insolvency Law
- Regulation of Free Zones and Special Regimes
- Leasing Law
- Public-Private Partnership (PPP) for the Escuintla-Puerto Quetzal Highway
To this is added, highlighted the Guatemalan dignitary, the recent and one of the most important: Law for the Promotion and Investment of Foreign Capital.
The law is the only one of its kind in the entire region, which will allow maintaining fiscal conditions and legal certainty for up to 10 years for investors who come to invest for the first time in Guatemala, he added.
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Services and digitization
Guatemala continues to make progress in strengthening and improving its services. From this account, the ruler emphasized that an electronic government has been promoted in his management. Part of these actions is the Mercantile Registry with 100% digitization.
This has made it possible to advance with the creation of single windows for investors, for construction and for foreign trade.
This is for the purpose create a single point where investors can find all the necessary information, know the competitive advantages of the country and the necessary procedures to file their investment, as well as have contact with specialized advisors who will accompany them in the process to invest in Guatemala, the official said.
Risk rating agencies
The actions that Guatemala has taken to promote the development and growth of the country allowed the most important risk rating agencies in the world: Fitch Ratings, Moody’s Investors Service and Standard & Poor’s to improve the country’s position to positive and stable.
With this, explained the head of the Executive Branch, the what we have called a three out of three, being the only country in the region and in Latin America that managed to exceed the rating they previously had. While others decreased, we grew.
Stability
President Giammattei also emphasized that the country is going through a great moment for investments due to its stability.
Regarding this, he told those present at the beginning of this forum what was published by Bloomberg, where it was highlighted that the Guatemalan currency is the most stable in Latin America in the last 20 years.
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“Guatemala is the ideal destination for investments,” remarks President Giammattei
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