Starting a business in Guatemala

Legal Forms of Companies

Sociedad de Responsabilidad Limitada is a Private Limited Company.

Number of partners: Minimum 2 partners, maximum 20.
Capital (max/min): GTQ 200
Shareholders and liability: Liability is limited to the investment capital.

Sociedad Anonima is a Public Limited Company

Number of partners: Minimum 2 partners.
Capital (max/min): GTQ 200
Shareholders and liability: Liability is limited to the amount of shares held.

Sociedad Collectiva is a general partnership

Number of partners: Minimum 2 partners.
Capital (max/min): GTQ 200
Shareholders and liability: Partners' liability is unlimited and joint.

Sociedad en Comandita Simple is a limited partnership

Number of partners: Two types of partners: active partners and sleeping partners.
Capital (max/min): GTQ 200
Shareholders and liability: Liability of active partners is unlimited. Liability of sleeping partners is limited to the amount contributed as long as they do not take part in the company management.

Sociedad en Comandita por Acciones is a partnership limited by shares

Number of partners: Two types of partners: active partners and sleeping partners.
Capital (max/min): GTQ 200
Shareholders and liability: Liability of active partners is unlimited. Liability of sleeping partners is limited to the amount of shares held as long as they do not take part in the company management.

Business Setup Procedures

Source: Doing Business - Latest available data.