Guatemala vs. Southern Mexico

The Mexican government's proposal to create special economic zones in the south of the country could pose a threat to the attraction of international investment on to Guatemalan soil.

Tuesday, October 20, 2015

The proposal put forward by the Peña Nieto administration is to create areas that operate under different regimes, providing tax facilities and incentives to foreign companies that decide to settle there. The bill which will be discussed soon in the Mexican Congress and which could prove to be a disadvantage for Guatemala, proposes creating a special economic zone in the border area of ​​the port of Chiapas.

Elperiodico.com.gt reports that among the benefits included in the bill are "... direct tax benefits, both for investment and employment, a special customs regime, a regulatory framework to speed up the setting up of companies, infrastructure and employment support. "

"... Enrique Lacs, an expert on International Trade, believes that "... 'If these measure do materialise (in Chiapas and Southern Mexico) it will be very interesting for investors looking to settle in the region ... the competitive advantages that Guatemala has had up until now will start to be eroded and investors will start considering Chiapas as base in northern Mesoamerica. "

More on this topic

Guatemala Seeks More Mexican Investment

September 2019

Alejandro Giammattei, elected president of Guatemala, will propose to the authorities of the North American country that a special economic zone covering both sides of the border be developed.

Guatemala's president-elect is wasting no time, since four months after taking office, he is already making investment proposals to neighboring countries.

Special Economic Zone for El Salvador

July 2018

A proposal has been made to create a special economic zone in 26 municipalities in the southeast of the country, which would provide tax incentives for activities related to clean energy and the prospecting of natural gas and oil.

The Executive presented to the Legislative Assembly a preliminary draft of the Law on the Special Economic Zone of the Southeast Region of El Salvador, which has the objective of developing 26 municipalities of Usulután, San Miguel and La Unión.

Honduras Launches Employment Zones

October 2017

In front of national and foreign investors, President Hernández presented a program that will confer special legal status on delimited areas in coastal departments, which already has legislative approval.

From various announcements made by the Presidency of Honduras:

Panama Continues to Attract Foreign Investment

December 2014

The special tax regime for multinationals which have an established site in Panama remains the main factor, while the low supply of trained personnel has been identified as a serious problem.

In addition to tax incentives offered to companies that set up offices, there are also special areas such as Panama Pacific and the Colon Free Zone, whose special schemes offer other incentives for companies to set up there.

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