Business Reforms in Guatemala

Positive= Doing Business reform making it easier to do business. Negative= Doing Business reform making it more difficult to do business.

DB2013:

Positive Dealing with Construction Permits:

Guatemala made dealing with construction permits easier by introducing a risk-based approval system


DB2010:

Positive Dealing with Construction Permits:

Guatemala eased the process of dealing with construction permits with a new land management plan that simplified the process of approval based on a risk assessment scheme, and mixed zoning regimes made the process of approval much faster.


Positive Registering Property:

Guatemala has eased the process of registering property by centralizing more procedures at the cadastral, reorganizing operations, and making greater use of electronic services.


Positive Getting Credit:

Guatemala strengthened access to credit and the regime for secured transactions with a new movable asset registry that applied to all movable assets and all types of creditors and debtors, and is also searchable by debtor name. Guatemala also strengthened its credit information system with a new decree on Access to Public Information which guarantees the rights of borrowers to inspect their own data in any public institution.


Positive Paying Taxes:

Guatemala has eased payment of and filing for VAT and corporate income tax by increasing electronic compliance thresholds and extending the electronic system to most banks.


DB2009:

Positive Getting Credit:

Guatemala enacted a new secured transactions law, creating a new form of pledge over movable assets and a registry for these pledges. Under the new law, accounts receivable and inventory can be described in general terms when they are used as collateral and parties may agree to out-of court-enforcement of the security right when the security agreement is signed.


DB2008:

Positive Starting a Business:

With the full implementation of the one stop shop, procedures and time for new company registration were reduced.


Positive Dealing with Construction Permits:

Guatemala made obtaining construction permits less time consuming by accelerating the issuance of the favorable decision.


Positive Registering Property:

Guatemala reduced the time to register property by allowing registrars to submit electronic signatures.


Positive Trading Across Borders:

Guatemala eased trading across borders by implementing a new EDI system, training of customs staff, and improvements to the risk-based system for inspections.


Positive Enforcing Contracts:

Guatemala updated its claim thresholds.


Reform Summaries


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