Company Formation in Guatemala
Americas
Overview
Guatemala, a Central American nation, is recognized for its stable and growing economy, making it an increasingly attractive destination for international investors. With a currency consistently stable against the US Dollar and ongoing efforts by the government to simplify business processes, company formation in Guatemala is becoming more streamlined and accessible.
Our Process
Choose Legal Entity Type
Select the optimal legal structure for your business, such as a Limited Liability Company (SRL) or a Corporation (SA), considering the number of partners and capital contribution.
Appoint Legal Representative
If shareholders are non-resident, appoint a legal representative via a power of attorney (POA) to conduct local operations and handle documentation.
Select Company Name
Choose at least three potential company names that reflect your business and commercial purpose, ensuring they are not already in use.
Prepare and Notarize Articles of Incorporation
Draft the company’s Articles of Incorporation containing all essential business, capital, and management details, then have them notarized by a local attorney.
Pay Registration Fees
Pay the required registration fees at Banrural (Banco de Desarrollo Rural de Guatemala) before submitting documents to the Commercial Registry.
Submit to Commercial Registry
Submit the application and all necessary documents, including the notarized Articles of Incorporation, to the Guatemalan Commercial Registry for official incorporation.
Obtain Tax Identification Number (RTU)
After official company registration, apply to the Superintendence of Tax Administration (SAT) for your company’s unique Tax Identification Number (RTU), crucial for commencing operations.
Key Requirements
- Minimum 2 shareholders/partners
- Legal representative (if non-resident shareholders)
- Notarized Articles of Incorporation
- Company name approval
- Registered legal address
- Tax Identification Number (RTU)