In Guatemala, a new entity was created called Sociedad de Emprendimiento, whose registration cost will range between $128 and $192 and will be available as of the first quarter of 2019.
The Ministry of Economy is working to make the procedure, which will be established within the Regulation of the Law for Strengthening Entrepreneurship, available to interested parties for the first quarter of next year.
Two years after having been presented at the Guatemalan Congress, the initiative to reform the Free Zones Law is still awaiting approval.
In 2016, initiative 5174 was presented to the Congress of the Republic, and has been debated in speeches made by deputies and in meetings of the Economic Cabinet of the Executive Power, none of which have resulted in its approval.
In Guatemala, the builders' union and the government signed an agreement to work on simplifying and reducing procedures required to obtain a construction license.
The Guatemalan Chamber of Construction (CGC) and the Ministry of Economy (Mineco), have signed an agreement for institutions working in the process of issuing licenses, to work together in order to reduce the existing bureaucracy.