New Duty Free Zones to Open in Guatemala

Six new free trade zones will operate in Guatemala, making the total 24 nationwide.

Friday, July 15, 2011

The new zones are located in Guatemala, Villa Nueva, Zacapa, Quetzaltenango, Puerto Quetzal and Tecun Uman, according to Economy Minister Luis Velasquez.

An article in Siglo21.com.gt, reports, "He said that in these areas commercial activities in manufacturing, industry and services will be developed.

The estimated time for the openings will depend on the Superintendency of Tax Administration (SAT) who are responsible for processing the building permits, however, the Ministry has already given its approval.”, he said. "

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