Guatemalan Government published Agreement No. 307-2023, in Diario de Centroamérica on December 19, 2023, making official the minimum wages by sector to take effect on January 1, 2024. 1. Department of Guatemala (Economic District 1) Employment sector Day shift Mixed shift Night shift Daily pay Monthly pay Incentive pay Monthly total Agricultural Q.13.39 Q.15.30 Q.17.85…
Category Archives: Guatemala
Analysis, Blog, Environment, Health & Safety, Environmental, Social and Governance (ESG), Guatemala
Water: The Urgency of Establishing an Effective Regulatory Framework
19
Dec
Dec
Water, essential for human existence, agriculture, and industry, has always been a natural resource of an incalculable value. In the Guatemalan context, although there are indeed legal provisions for the protection and management of water, we face significant challenges in their implementation and adaptation. First, we observe a lack of consistent and consistent application of…
Analysis, Blog, Free Trade Zones, Guatemala
Eliminate Free Trade Zones: A Legal and Economic Mistake?
11
Dec
Dec
For a long time, economic policies have had to find a balance between the immediate needs of the State and the long-term development of the nation. In that regard, free trade zones (FTZs) have emerged as a strategic solution in many countries. For decades, these zones have been the basis of multiple economic and legal…
05
Dec
Dec
The Directorate of Consumer Attention and Assistance (DIACO), a dependency of the Ministry of Economy of the Republic of Guatemala, is the authority in charge of any administrative sanctions derived from the dissatisfaction of consumers of products or services through administrative complaints. The Consumer and User Protection Law (CUPL) and its respective regulations establish a…
Analysis, Blog, Business Law, Guatemala
The reality of adjustments for wage discrepancies determined by the IGSS
04
Dec
Dec
It is well known that, as part of the exercise of its functions established in article 50 of its Organic Law, the IGSS, through employer auditors, has conducted reviews of the accounting records of the employers, under the presumption that the employer incorrectly reported the salaries earned by its employees. With these accounting reviews, even…
Analysis, Blog, Business Law, Guatemala
How to Protect Company Real Estate Ownership Rights in Guatemala
28
Nov
Nov
The business environment offers a wide range of opportunities and benefits. However, it also presents risks, especially for real estate holdings. Despite the many associated benefits of owning real estate, companies may find that their properties are targets for fraud and scams. The business environment offers a wide range of opportunities and benefits. However, it…
Analysis, Blog, Guatemala
Corporate Shield: Protect Your Share Participation and your Society in Guatemala.
20
Nov
Nov
The corporate environment is complex, and shareholdings are one of a company’s most sensitive areas. Unfortunately, many entrepreneurs are unaware of legal risks that could undermine their corporate structure. One of these dangers, unfortunately on the rise, is the theft of shareholdings through falsified documents. In many cases, this fraudulent act can have devastating consequences…
Analysis, Blog, Environment, Health & Safety, Environmental, Social and Governance (ESG), Guatemala
Regulatory harmonization: The pending solution for garbage disposal in Guatemala
25
Oct
Oct
In Guatemala, the complexity of waste management is not only restricted to logistical aspects or citizen awareness; the root of the challenge lies primarily in the country’s legal infrastructure. The absence of unified regulations for waste treatment and disposal has resulted in a mosaic of practices that, instead of solving the problem, aggravate it. This…
Analysis, Blog, Guatemala
The Challenge of Port Investment in Guatemala: The Need for Legal Certainty
12
Oct
Oct
The port infrastructure of a country is undoubtedly one of the pillars that sustains and enhances its economy. In this context, Guatemala, with its strategic geographical position, has extensive potential to consolidate itself as an important international trade center. However, in recent years, we have faced a reality that contrasts with this vision: an evident…
Analysis, Blog, Guatemala
Relocation of employees and expatriates to Guatemala: questions and answers for multinational companies
06
Oct
Oct
For multinational corporations eyeing expansion into the vibrant landscape of Central America, the transfer of employees and expatriates to Guatemala is an integral step. Yet, this process isn’t without its complexities, as it navigates through a maze of immigration regulations and requisites. In this comprehensive blog post, we aim to provide clarity and insight by…