Registry of new companies increases in Guatemala

Between January and July, 43,000 new companies were registered, 19% more than in the same period in 2016, when 36,000 companies were registered.

Monday, August 28, 2017

Figures from the General Mercantile Registry of Guatemala (RMG) show that "from January to July, 43,130 individual traders, mercantile companies, national and foreign companies were registered, while in 2016 36,133 were registered, that is to say 6,997 less."

Abelardo Medina, from the Central American Institute of Fiscal Studies (ICFI), told Agn.com.gt that "... companies that register have a higher level of formality and are willing to comply with all the requirements established by law in terms of tax and labor, among other things. 'The fact that there are more people willing to start a business implies, in some way, that there is a commitment to improving formality, which does not mean that the country's economic situation has been totally fixed'."

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More on this topic

Guatemala: Company Registration Up 15%

June 2019

From January to April of this year, the number of mercantile companies registered totaled 13,975, 15% more than the number reported in the same period in 2018.

Data from the Mercantile Registry (RM) specify that between the first four months of 2018 and the same period of 2019, 1,783 more companies were registered in the country, going from 12,192 to 13,975.

Digital Registration of Companies in Guatemala

February 2018

With the amendments to the Commercial Code, it is now possible to register a limited company on the Mercantile Registry site and registration of individual merchants will soon be available.

The changes to the regulations became effective at the end of January, and among the most important modifications were the reduction of initial capital for the creation of a company, going down from Q5 thousand ($681) to Q200 ($28).

Honduras: Business Register Grows

August 2017

Between January and July 5,032 new companies were registered in the Mercantile Register, 7% more than in the same period in 2016.

The figures reported by the Commercial Registry of the Chamber of Commerce and Industry of Tegucigalpa indicate that of the 5,032 new companies, 3,475 correspond to individual traders, while the remaining 1,557 are mercantile companies. 

Registration Procedures Digitialized in Panama

October 2014

An announcement has been made that as of October 24th all registration formalities in the registry may be made electronically through a new platform.

From a statement issued by the Public Registry of Panama:

In order to optimize the services offered to users and the general public, the Public Registry of Panama, within the framework of modernization, will run the Registry Electronic Registration System (CRS), a new technology platform that will provide greater legal certainty over private property and other rights on goods which are registered with the entity.

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