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 new companies.
After the law comes into force (September 29, 2022), foreign individuals or legal entities whose capital is of foreign origin and who make new investments in the country may benefit from the enactment. To do this, they must acquire specific authorization from the Ministry of Economy detailing data such as the origin of the capital to be invested, the profile of the investment project, project implementation time, and estimated job creation, among others detailed by the law.
