Financial Crime World

Here is the rewritten article in markdown format:

Financial Regulatory Bodies in Guatemala: What You Need to Know

For businesses looking to register a company in Guatemala, it’s essential to understand local regulations and comply with financial regulatory requirements. Failure to do so can result in legal issues or financial penalties that could negatively impact your business.

Why Invest in Guatemala?

Guatemala has a strategic location as the gateway between North and Central America, making it an attractive destination for investors. With a growing economy and significant export products, including bananas, coffee, and garments, Guatemala is an excellent place to set up operations.

Financial Regulatory Compliance Requirements

However, navigating financial regulatory compliance in Guatemala can be complex, especially for foreign companies. It’s crucial to understand the responsibilities of businesses in Guatemala, which include:

  • Holding an annual general meeting (AGM) of shareholders
  • Filing and payment of value-added tax (VAT)
  • Withholding tax
  • Additional salary bonuses
  • Statutory contributions
  • Transfer Pricing Studies (TPS)

Key Dates for Financial Regulatory Compliance in Guatemala

In addition to these requirements, companies must also comply with key dates for financial regulatory compliance in Guatemala. These dates include:

  • Annual general meeting (AGM) deadline: April 31st
  • Filing and payment of VAT: monthly basis
  • Withholding tax: monthly basis
  • Additional salary bonuses: July and December
  • Statutory contributions: within 20 days of the salary payment

How Biz Latin Hub Can Help

Biz Latin Hub can help with financial regulatory compliance in Guatemala, offering a range of services including:

  • Company formation
  • Accounting and taxation
  • Legal services
  • Hiring and PEO
  • Visa processing

Our local team of experts is experienced in navigating the complexities of financial regulatory compliance in Guatemala and can provide tailored solutions to suit your business needs.

Get in Touch

Contact us today to learn more about financial regulatory compliance in Guatemala and how we can support your business.