H&CO
Guatemala

Your strategic partner for Growth and Innovation in the American market.  

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Local Expertise in a Global World

Our network of contact offices spans continents, bringing the expertise of H&CO professionals closer to you. Whether you're seeking financial advice, strategic consulting, or tailored solutions, our dedicated teams in various locations are here to serve you with a personalized touch.

Guatemala

5 avenida 5-55 Zona 14 Edificio Europlaza Torre I Nivel 2 Oficina 203 CP 01014

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Doing Business

As Central America’s largest economy, Guatemala offers a strategic nearshore hub with competitive operational costs and direct US market access via CAFTA-DR. Investors benefit from a young, scalable workforce, stable macroeconomic indicators, and friendly laws permitting 100% foreign ownership across diverse industries.  

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How to
open a Business

Launching a business is highly accessible, taking 4-6 weeks with a minimum capital of just $25. Registration is streamlined via a digitalized Mercantile Registry. Key benefits include flexible tax regimes, such as a 5-7% flat rate on gross revenue, and generous fiscal incentives inside designated Free Trade Zones.  

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Tax
Treaties

Guatemala lacks a double tax treaty with the US. While they signed a Reciprocal Trade Agreement in January 2026, it is strictly commercial. Therefore, standard local withholding taxes still apply to all cross-border corporate transactions.   

Main industries for Business in Guatemala

 

Agriculture and Agribusiness  

The nation's core economic backbone, this vital sector leads global cardamom supply and ranks among the top exporters of high-quality coffee, sugar, and fresh bananas.  

 

Textiles and Apparel Manufacturing  

Driven by CAFTA-DR and strategic nearshoring advantages, this dynamic sector excels in light assembly and high-volume garment exports directly to the North American market.  

 

Tourism and Hospitality  

A vital foreign exchange generator, this vibrant sector is fueled by rich Mayan archaeological heritage, stunning colonial architecture, and diverse volcanic landscapes.  

 

Business Process Outsourcing (BPO)  

Backed by a young, tech-savvy, and bilingual workforce, this rapidly expanding sector thrives in providing competitive call center, back-office, and software solutions.  

 

FAQs about Guatemala 
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Interested in doing business in Guatemala ?

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Key Contact

Key Contacts

Meet Our Commercial Experts

Gustavo Ovalle

Gustavo Ovalle

Account Manager | Technology Division

Gina Rosado

Gina Rosado

Account Manager | Technology Division

Annelice Morales-1

Annelice Morales

Marketing & Sales Specialist | Technology Division

 

Why H&CO?

We specialize in guiding global investors, families, and multinational businesses through the complexities of cross-border investments and business expansion. With offices in over 30 countries, we are a trusted partner for those seeking to relocate, invest, or expand their business abroad providing tax, advisory, and integrated global solutions.

  • 1,000+ multilingual professionals, providing local expertise with a global perspective.
  • Client-focused leadership with deep industry experience in global markets.
  • Forbes America’s Top 200 CPAs, 2025
  • Forbes Best in State Top CPAs, 2025
  • USA Today America’s Most Recommended Tax and Accounting Firms, 2025
  • IPA Top 100 Accounting Firms, 2025 – Ranked #66
  • IPA Fastest Growing Firms, 2025
  • SFBJ Largest Accounting Firms by Billings, 2025
  • SFBJ Largest Accounting Firms by CPAs, 2025

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