LATAM: Foreign Investors Survey 2017 ttitude Consulting
GUATEMALA
Greater Attractions
Favorable political environment: strengthening institutions and regulatory frameworks deter and prosecute corruption with the support of UN. Favorable tax system for investment, open-ended investment legislation.
Political Risks?
Big change in their political institutions but it will strengthen the institutions and thus discourage corruption, impunity and lack of transparency.
Adequate Labor Laws?
Attractive. Constitutional and legal worker protection tolerable to the investor.
Adequate Transparency and Corruption Framework?
Reinforced frame. New state contract laws; of Probity; of Pretrials, etc.
Suitable Fiscal Framework for Foreign Investment?
Relatively simple and predictable but there are important difficulties in accumulating tax credit for exporters. The tax impact on the income tax can be limited by the arrangements provided by the law. Creation of new taxes on a temporary basis, to strengthen the justice sector. Next reform of the regulatory framework of the collecting agency.
Proper Framework for Promotion and Mutual Investment Protection?
Different opinions among respondents. Some think yes and others not. There are still few treaties of Reciprocal Protection of Investments signed by Guatemala.
Advantages of Your country over Others in the Zone
Less restriction on investment, relatively complex tax system, reasonable tax impact.
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Positive Medium Risk Negative