Once a central part of the Mayan civilization, modern Guatemala got its independence from Spain in 1821. It is a Central American country bordered by Mexico to its north and El Salvador to its south. Guatemala is the most populated nation in Central America with agriculture accounting for 13.5% of the GDP. The country primarily exports products like sugar, vegetables, coffee, and bananas. Unfortunately, over half their national population lives below the poverty line and about 23% live in extreme poverty.

With a population of 15.4 million, Guatemala has several ethnic groups including Mestizo and European (60%), Maya (39.3%), and non-Mestizo and Non-Maya. Spanish is the main language followed by Mayan languages. Religion in Guatemala includes Roman Catholic, Indigenous Mayan beliefs and Protestant Christianity. Guatemala is also known for its rich biodiversity and ecosystems, including several species that are endemic to the region. Resulting from political instability, lack of economic opportunities, and natural disasters, Guatemalans have a history of both legal and illegal immigration to neighboring countries.

2021
April 1Maundy Thursday
April 2Good Friday
April 3Easter Saturday
May 1Labor Day
June 28Army Day Holiday
September 15Independence Day
October 12Dia de la raza
October 20Revolution of 1944
November 1All Saints’ Day
December 24Christmas Eve
December 25Christmas Day
December 26Boxing Day
December 31New Year’s Eve
  • y Cía. S. C. (Sociedad Colectiva)
  • y Cía. S. en C. (Sociedad en Comandita Simple)
  • Cía. Ltda. (Sociedad de Responsabilidad Limitada)
  • S. A. (Sociedad Anónima)
  • Cía. S. C. A (Sociedad en Comandita por Acciones)
  • Corporate Tax: 25%
  • Income Tax (Lowest Marginal Rate): 5%
  • Income Tax (Highest Marginal Rate): 7%
  • VAT/GST/Sales Tax: 12%
  • Agromercantil
  • Azteca Bank
  • Bank of Antigua
  • BAC Bank
  • Citi Bank
  • Credito Hipotecario Bank
  • De Credito Bank
  • Bantrab Bank
  • G&T Continental Bank
  • Industrial bank
  • Inmobiliario Bank
  • Internacional Bank
  • Ficohsa Bank
  • Reformador Bank
  • Vivibanco Bank

Aadmi can support you with your expansion to Guatemala. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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