LOCAL LAW
Laws on Formalities and Free Trade Zones Approved
Jun-2-21 | In Guatemala were published in the Diario de Centroamerica the sanctions of the laws for the Simplification of Administrative Requirements and Procedures and Free Zones, regulatory frameworks that aim to encourage investments and job creation.
State Contracting Law is Vetoed
Jun-1-21 | In Guatemala, President Alejandro Giammattei decided to veto the reforms to the Contracting Law and announced that the bill will be returned to Congress with the respective observations.
Commission Created to Revive the Construction Industry
May-24-21 | In Guatemala, the Ministry of Economy temporarily created the Interinstitutional Commission to Contribute to the Economic Reactivation of the Construction Sector, which will be integrated by representatives of nine entities.
Growing Rejection of the New Contracting Law
May-20-21 | In Guatemala, the Chambers of Industry, Construction, Commerce and Agriculture agree that the reforms to the State Contracting Law constitute a step backwards in terms of transparency and open the door to greater opacity in public spending.
Request to Veto the State Contracting Law
May-12-21 | Arguing that the reforms to the Contracting Law constitute a step backwards in terms of transparency, the Guatemalan business sector is asking President Alejandro Giammattei to veto what was approved by the Congress of the Republic.
Restrictions on the Importation of Used Vehicles
Apr-30-21 | The authorities in Guatemala informed that the importation and registration of used vehicles that are seven years old or older, and whose engine does not start, will not be allowed.
Amendments to the State Procurement Law
Apr-29-21 | In Guatemala, the Congress of the Republic approved the amendments to Decree 57-92, which allow for an increase in the amounts of direct and low value purchases.
Guatemala: Pharmaceutical Company Intercepted
Apr-27-21 | For the possible commission of the crime of Tax Fraud, the Superintendence of Tax Administration intervened the commercial company J.I. Cohen.
Action Against Commercial Restrictions
Apr-21-21 | Arguing that the measures applied by the government directly harm employees and owners of restaurants and bars, a group of businessmen in Guatemala filed a legal action in the Constitutional Court.
Investments: Hard Blow to Legal Security
Apr-19-21 | Empresa Tomza Guatemala S.A. reported that in Nicaragua the government of President Daniel Ortega illegally expropriated and confiscated the company's assets, which together amount to $4 million in investments.
Tax Fraud: New Cases in Guatemala
Mar-24-21 | Chang y Compania and Mag Alcoholes, are two companies that during March were audited by local authorities, after the detection of the possible crime of tax and customs fraud.
Legal Certainty: What are Investors asking for?
Mar-3-21 | A few weeks before the new magistrates of the Constitutional Court take office in Guatemala, the business sector is asking that the new members of the highest court advocate for a real rule of law and provide legal certainty to investments.
Guatemala: Ratification of Mine Suspension
Feb-24-21 | Following the ruling of the Constitutional Court, the Ministry of Energy and Mines decided to temporarily suspend the rights of the Fenix mining company, located in El Estor, department of Izabal.
Cryptocurrencies are Illegal in Guatemala
Feb-22-21 | After multiple consultations, the Superintendency of Banks announced that virtual currencies or assets such as Bitcoin, Ethereum, Ripple and other similar ones, are not legal tender in the country.
Guatemala: Endorsement of Financial Leasing Regulation
Feb-12-21 | The Congress approved by articles and final wording the Leasing Law, a legal framework that establishes mechanisms for people to lease with option to purchase.
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