Guatemala: Complaints From Free Zones ContinueFree zone companies denounce lack of legal certainty in the implementation of a new law (Ley Emergente de Empleo), which established a list of activities and goods that they can no longer make or sell.Friday, April 29, 2016
The Association of Free Zones of Guatemala expects jobs and foreign investment to be lost if there are no modifications to the Agreement 65-89 "Ley Emergente de Conservación de Empleo", a law which came into effect in March. Source: elperiodico.com.gt ¿Busca soluciones de inteligencia comercial para su empresa?Do you need more information about your business sector?Request more information: Need assistance? Contact us
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Dwindling Investment in Free ZonesNovember 2017 In Guatemala, only 141 of the 205 free zone companies that had to report their 2016 activities presented their reports, and half of them declared not having made any investment during the year. Guatemala: Exports from Processing Zones Down 4%February 2017 In 2016 exports from the free zone regime fell by 4% compared to 2015, and those from companies covered under the maquila incentive law, fell by 6%. Guatemala: Free Zones Situation Gets More ComplicatedMay 2016 It has been reported that one of the 17 free zones operating in the country has started the process of closing its operations entirely due to the legal uncertainty generated by the emergent employment law. Guatemala: Appeal Against Employment ActMay 2016 By filing of a lawsuit arguing unconstitutionality the union of free zones aims to once again include the 25 sectors which were excluded from receiving tax benefits under the new law.
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