Two investment projects totaling $200 million are mired in the bureaucratic processes required to start up this type of business model for the first time in Guatemala.
S21.com reports that "The National Agency for Partnerships for Economic Infrastructure Development (ANADIE) plans to put out to tender the construction of Puerto Seco Intermodal Tecum Uman, located in San Marcos, and the Administrative Center of the State, in the capital , before the end of the year, but due to bureaucratic processes it is still not known on what date these contests will be started.
Greater integration between the State and the business sector is essential to exploit the opportunities offered by the region's investment projects.
During the World Business Forum Latin America 2014, held in Guatemala, entrepreneurs from different sectors pointed to the need for increased connectivity and commercial traffic between South America and Central America, in order to take better advantage of investment opportunities in each of the countries, through the use of public-private partnerships.
While in Guatemala each person consumes 40 kilos of bread per year, in Costa Rica only 22 kilos are consumed.
An article on Elfinancierocr.com reports that Gisela Sánchez, Director of Corporate Relations at Florida Ice and Farm, said that "... there is always room to expand the market and especially because the consumption of bread in Costa Rica compared to other countries in Latin America is low. "
Companies with under $38 billion in capital will be able to register without paying duty to the Register of Commerce.
The Register of Commerce has also reduced the number of steps needed to open a new business, reducing the time from 17 to 13 days.
"The head of the Register, Rodrigo Valladares, said that the constant changes aim to streamline the business registration processes, providing legal certainty to new entrepreneurs, and for this reason they have extended the options so that people can be made aware of the processes."
The Government aims to create Proguate, an entity that will focus on attracting foreign investment and implementing a competitiveness strategy.
The Guatemalan government aims to create an agency to promote investment in the country. Proguate will focus on designing a brand for the country in order to attract foreign investment and implement a competitiveness strategy.
The new site, Asisehace.gt, provides information on starting a business, paying taxes, licenses, staffing and social security matters, among other things.
In Guatemala an internet site has been launched where you can do all the paperwork necessary in order to formalize a business.
From a press release published in the Diario de Centro América of Guatemala:
In order to minimize the time it takes to register a company in the country, the Ministry of Economy (Mineco) has launched the new website "MiNegocio.gt", in order to make the process transparent .
Businesses who provide agricultural materials in Guatemala are complaining about delays and additional costs related to the review of containers with chemical precursors.
After the detection in Guatemala of the manufacture of synthetic drugs, mandatory controls have been introduced on containers loaded with chemical precursors, led by the Attorney General, the Division of Narcotics Analysis and Information (Daia) and the Superintendency of Tax Administration (SAT), in the ports of Quetzal and Santo Tomas.
The National Competitiveness Program of Guatemala has announced that the Executive will introduce a draft bill to Congress to replace existing customs regulations.
Under pressure from the Guatemalan business sector, the executive has presented a new initiative to Congress, which has already been agreed with various chambers of commerce, said Juan Carlos Pais, Presidential Commissioner for Competitiveness.
Investors from Brazil, South Korea and Taiwan have expressed interest in a project to rebuild the country's rail system.
"We've had people interested in restoring the railroad, although we have not defined what the appropriate channel would be, whether it would be a tender or a public-private partnership", said Juan Carlos Paiz, presidential commissioner for competitiveness.
The financial potential of cooperatives in Guatemala will revolve around the development of renewable energy projects.
The groups belonging to the Guatemalan Confederation of Cooperative Associations, RL (Confecoop), have projects, funding and implementation programs for the construction of small hydroelectric plants, whose owners are cooperatives.
Streamlining business registration and reducing costs are the main goals of the next Guatemalan Minister of Economy and his team.
Sergio de la Torre, a Guatemalan businessman and the new finance minister, introduced his team, made up of people associated with the private sector in that nation.
Juan Carlos Piaz, Guatemala coordinator of investment and Competitiveness, estimated there are $2 billion in energy investment for the next three years.
He added that $2.5 billon could be in the project pipeline, such as Jaguar Energy’s $700 million plant, and three hydro power plants for over $500 million.
Paiz remarked that the energy sector will be one of the most dynamic for attracting investment in Guatemala in the next years.
The company will invest $2 million to double its hamburger bun production capacity.
Juan Carlos Paiz, founder and CEO of Panifresh, remarked the company will continue with its expansion plans in South America, especially in Colombia and Peru.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand. The OHNE brand has 8 product lines: square bread, sweet...
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