Fees and timelines in 2023
Fees
Guatemala company registration costs for an LLC in Year 1 amount to US$3,500 and annual company costs in Year 2 and thereafter will amount to US$0. The average fee per engagement amounts to US$8,640 including i) company setup ii) opening an account to enable business banking in the country iii) resident director services and iv) government fees.
Refer to the sample draft invoice below.
| Different Guatemala entity types | Cost | Draft invoice |
|---|---|---|
| Tax resident LLC | US$8,640 | View invoice PDF |
| PLC | US$9,640 | View invoice PDF |
| Branch of a foreign company | US$10,640 | View invoice PDF |
Timelines
The average Guatemala company registration period is 14 weeks as outlined below:
| Service | LLC | SA | Branch | Rep. office |
|---|---|---|---|---|
| Engagement planning | 2 weeks | 3 weeks | 4 weeks | 4 weeks |
| Company incorporation period | 5 weeks | 5 weeks | 6 weeks | 6 weeks |
| Bank account approval | 3 weeks | 5 weeks | 6 weeks | 6 weeks |
| Internet banking approval | 3 weeks | 1 week | 1 week | 1 week |
| Engagement completion | 1 week | 1 week | 1 week | 1 week |
| Total engagement period | 14 weeks | 15 weeks | 18 weeks | 18 weeks |
