10 steps to incorporating in Guatemala in 2024

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By using our Guatemala company formation services, our Clients will not have to travel neither to complete incorporation of their local subsidiary nor to open its corporate bank account. Our Firm will indeed draft a Power of Attorney to be signed and returned by our Client to our Guatemala company setup agent, who will them complete all procedures on his behalf. The typical procedures are as follow:

  1. Before Healy Consultants starts to incorporate the company in Guatemala, our Firm requests that our Client i) settles Healy Consultants’ outstanding fees for the engagement ii) signs and returns our engagement letter and iii) provides us all the documents required for our due diligence checks;
  2. Healy Consultants i) assists our Client to choose the optimum corporate structure for his company and then ii) drafts a detailed project plan: this document maps out, week by week, each step to completion of the engagement optimizing transparency and settling Client expectations regarding incorporation timelines in Guatemala;
  3. Healy Consultants assists our Client to decide on i) proposed company’s name and ii) the optimum corporate structure including directors and shareholders;
  4. Healy Consultants will then check and reserve the proposed company name with the Guatemala Registrar of Commercial Entities;
  5. Healy Consultants will open a capital account in Guatemala with the bank chosen by our Client. Our Client then transfer the initial capital of the company into this capital account and courier or email us the deposit slip we will use to show evidence of the same to the local authorities;
  6. Next Healy Consultants will courier all registration documents to our Client to sign and send back and then we will have them notarized by a notary public who will then draw the deed of constitution, fill the forms required by the Commercial Registry and the tax authority and pay the registration fees;
  7. After this is done, Healy Consultants will obtain i) the provisional registration of the new company from the Mercantil Register ii) the Tax Identification Number iii) the Edicit iv) the registration of the legal representative appointment and v) the authorization to print invoices;
  8. Healy Consultants will then publish the notice of incorporation in Diario de Centro America;
  9. After that, Healy Consultants will secure i) the final registration certificate of the company and its commercial license ii) the Social Security Number issued by the Social Security Authority and iii) the authorization for the use of social and accounting books from the tax authority;
  10. Following engagement completion, Healy Consultants will courier a full company kit to our Client, including original documents, unopened bank correspondence and a Client feedback survey to assess the quality of our Guatemala company setup services.

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For additional information on our company incorporation services in Guatemala, please contact our in-house country expert, Mr. Seth Ochieng, directly:
Director of Client Engagements - Seth
  • Mr. Seth Ochieng
  • Senior Manager, Client Relations
  • Get in touch
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