As of February 9, 2023, citizens of the Dominican Republic must obtain a Visa from the Guatemalan Consulate to enter Guatemala. Exempt from this provision are citizens of the Dominican Republic who have a valid Visa granted by the United States of America, the United Mexican States, Canada or the European Union (Schengen Visa). This…
Category Archives: Guatemala
Abogados, Blog, Costa Rica, El Salvador, Guatemala, Honduras, Labor & Employment, News
Regional Holidays Calendar 2023
17
Jan
Jan
Our Labor & Employment team gathers the list of mandatory and non-mandatory paid holidays applicable to all Central American countries, ideal for Human Resources teams with operations in the region. Download
Banking & Finance, Blog, Costa Rica, Guatemala, News
BLP has advised EVERTEC, Inc. and its subsidiaries on refinancing credit facilities
12
Dec
Dec
BLP has advised EVERTEC, Inc. (EVERTEC, or the Company) in Costa Rica and Guatemala on the refinancing of its existing credit facilities; the new credit lines consist of $200 million of extended revolving credit and a $415 million term loan A, both maturing on December 1, 2027. The new term loan and a $50 million…
Blog, Business Law, Guatemala, News
BLP advises Grupo Tecún on selling its automotive division to Grupo Q in Guatemala.
07
Dec
Dec
As of December 1, the Hyundai, Mazda, and Peugeot brands formerly controlled by different companies belonging to Grupo Tecún became part of the automotive portfolio of Grupo Q in Guatemala. BLP’s advice to Grupo Tecún on selling its automotive division to Grupo Q consisted of due diligence for the seller, participation in the auction process,…
21
Oct
Oct
Ruben Fuentes Senior Associate Guatemala [email protected] On August 31, 2022, Decree No. 40-2022, which contains the Law on Incentives for Electric Mobility, entered into force. Under this regulation, the aim is to promote the use of vehicles powered by electricity or hydrogen. Part of the objectives of the law above includes the mitigation of greenhouse…
Blog, Guatemala, Labor & Employment, News
El Salvador publishes a new orientation guide with preferential tax regimes
03
Oct
Oct
The Ministry of Finance has issued the new “general guide to facilitate the recognition of countries, states or territories with preferential tax regimes and tax treatment,” which will be in effect for the 2023 fiscal year. Under the provisions of article 62-A of the Tax Code, the guide facilitates the recognition of countries, states, or…
Blog, Guatemala, Labor & Employment, News
Modification of contributions to the IGSS for part-time work in Guatemala
29
Sep
Sep
The Board of Directors of the Guatemalan Institute of Social Security issued Agreement 1520 on August 4, in which it modifies the Regulation on the Collection of Contributions to the Social Security Regime, including the regulation of contributions in part-time work. Within the Agreement, the bases on which the quotas applicable to part-time work must…
Analysis, Blog, Free Trade Zones, Guatemala
How does the foreign capital investment promotion law in Guatemala work?
22
Sep
Sep
Ruben Fuentes Senior Associate Guatemala [email protected] In the next few days, Decree 46-2022 of the Congress of the Republic containing the Law for the Promotion of Foreign Capital Investment will come into force. With the new legislation, the Government of Guatemala seeks foreign investors to enjoy incentives, making the country attractive to the arrival of…
Blog, Energy & Infrastructure, Environment, Health & Safety, Guatemala, News
Law on Electric Mobility Incentives in Guatemala
11
Aug
Aug
On August 9, 2022, the Congress of the Republic of Guatemala approved Decree 40-2022, which contains the Law on Incentives for Electric Mobility offering tax inducements on the importation, sale, and use of electric vehicles or those that run on hydrogen, as well as hybrid cars. Tax benefits include exemption from the Value Added Tax…
Blog, Cybersecurity & Data Protection, Guatemala, News
Law on Prevention and Protection against Cybercrime in Guatemala
09
Aug
Aug
On August 4, 2022, the Congress of the Republic of Guatemala approved Decree 39-2022, which contains the Law on Prevention and Protection against Cybercrime. The law includes criminal sanctions for cyber activities that violate personal data, sensitive computer data, confidentiality, integrity, and availability of information and data stored in computer systems or systems that use…