As of February 11, 2024, the Ministry of Foreign Affairs will charge a fee for the issuance of apostille or legalization certificates of documents. On January 13, 2024, Government Agreement No. 250-2023 was published in Diario de Centroamérica, authorizing the Ministry of Foreign Affairs to charge Q. 150.00 for each Apostille document or certificate of…
Category Archives: Blog
24
Jan
Jan
On January 24, 2024, MH-DGH-RES 0002-2024 was published, updating the requirements for exemption from the real estate tax, as follows: The property must be unique, i.e., that only a natural person has registered such property in the Real Estate Registry. That the value of the property registered with the Municipality does not exceed ¢20,799,000 (the…
19
Jan
Jan
On December 13, 2023, the Official Gazette published Decree No. 905, which reforms the Commercial Code to encourage legalizing the economy’s informal sector and reinvigorate micro and small businesses. Such reforms will become effective on February 11, 2024. Among its principal reforms is the Simplified Share Companies (SAS) provision intended to facilitate the incorporation of…
Analysis, Blog, Environment, Health & Safety, Environmental, Social and Governance (ESG), Guatemala
ILO Convention 169: Barrier to Infrastructure in Guatemala?
17
Jan
Jan
Convention 169 on indigenous and tribal peoples, promulgated by the International Labor Organization (ILO), stands as one of the most emblematic instruments in the protection and recognition of human rights at the international level. Adopted in 1989, this treaty seeks to change the historical narrative of marginalization and exclusion that indigenous peoples have faced, giving…
Analysis, Blog, Environment, Health & Safety, Environmental, Social and Governance (ESG), Guatemala
Corporate Balance: Legal Protection of Minority Shareholders
16
Jan
Jan
Corporations, as essential economic engines, are not only structures for investment and capital growth, but are also scenarios for human relations and rights. Within them, we find a diversity of shareholders, from those who own large portions of the shares to those who have a more limited participation. The latter, known as minority shareholders, are…
Analysis, Blog, Environment, Health & Safety, Environmental, Social and Governance (ESG), Guatemala
Sowing Opportunities: The Potential of Agriculture in Guatemala
11
Jan
Jan
Agriculture, in the heart of Guatemala, is intertwined with the country’s history, traditions and economic aspirations. Over the centuries, from ancient Mayan civilizations to modern farmers, Guatemalan lands have witnessed crops that have fed and clothed generations. This sector has not only sustained the national economy by being a primary source of exports, but has…
Analysis, Blog, Costa Rica, El Salvador, Guatemala, Honduras, Labor & Employment, Nicaragua
Central American Holidays 2024 guide is now available
10
Jan
Jan
At BLP, we understand the importance of efficient planning for Human Resources managers. That is why we present to you our valuable guide to work holidays designed specifically for each country in Central America. With our guide, you will gain access to detailed information on holidays in the region, giving you a clear view of…
22
Dec
Dec
On December 8, 2023, Executive Decree No. 44276-H was published, whereby the income tax brackets that will apply during the 2024 tax period were updated, as detailed below: Salary tax Gross Salary From To Rate $ 0.00 ₡929.000,00 ($ 1,764.00 Aprox.) 0% ₡929.000,00 ($ 1,764.00 Approx.) ₡1.363.000,00 ($ 2,588.00 Aprox.) 10% ₡1.363.000,00 ($ 2,588.00 Approx.)…
20
Dec
Dec
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Dec
Dec
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…