Why Choose a Guatemala Bank Account?

Guatemala is currently one of the most secure jurisdictions in the world in which to hold a bank account or form a corporation, and it is quickly becoming a keystone to any secure financial management plan, whether the goal is asset protection, estate planning, tax optimization or simply good business principles.

Most jurisdictions today have treaties with other nations that can potentially compromise the confidentiality of account holders, such as Tax Information Exchange Agreements (TIEAs) or Double Taxation Agreements; even former offshore powerhouses such as Switzerland or Lichtenstein, once renowned for their protection of client identities and information, can no longer be counted as truly secure offshore banking options. Guatemala has no tax agreements with any nation, and therefore is not answerable to any potential fishing expeditions disguised by the terms of such agreements.

This lack of obligation to other nations with respect to disclosure is reinforced by strict banking secrecy laws that also protect account holders against frivolous litigation from foreign entities.

Finally, Guatemala's banking system is and has long been highly stable. Inflation is low, and has been for the past forty years. There are no foreign currency controls or restrictions on the movement of foreign currency. At least 21 banks currently operate in Guatemala, with multi-billion dollar assets that have continued to grow significantly in the past five years, and good liquidity. Many of the major banks offer online banking and international wire transfer capabilities. The banking system is supported by a strong legal framework that supports foreign investment and offers the same protections for foreign corporations and capital as is given to nationals.

Opening a Guatemala bank account is very fast and straightforward. You do not have to be present, nor are you asked to present "letters of introduction" as can often be the case in Central American countries. If you wish to open a personal bank account then all we need from you is a copy of your passport; the account can then be opened in as little as a week. For bank accounts related to new corporations, you will need the services of our notary to deposit the minimum paid-in capital of 5000 GTQ (Guatemalan Quetzales) and begin the process of incorporation. The corporate bank account can be opened within just a couple of days.

You can choose to have your account in US dollars, Euros or Guatemalan Quetzales. Credit cards are also available.