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Guatemala, a country to live

With beautiful sceneries, high cultural diversity, abundant historical and cultural attractions, a highly developed capital city, Guatemala is definitely a unique country to live in. It has been ranked as one of the 10 happiest and most positive countries in the world.

Political and Financial Situation

Guatemala is an economically thriving country. Being the largest economy in Central America, it has a wide diversity of destinations and products. In addition, macroeconomic stability is widely recognized; has a low and controlled inflation, exchange rate stability and one of the lowest external debts in Latin America. Download document Guatemala in figures:

Guatemala's Climates

Guatemala, the country of the Eternal Spring, is a country with an exceptional climate. With an average temperature of 21°C (70°F) throughout the year and more than 360 microclimates along its 108,889 km² (42,042 mi²), the climate allows for a variety of activities which makes it a unique country.

Investments in Latin America

Latin America is a region of great economic importance and very attractive for foreign investment, representing 13.5% of total direct foreign investment worldwide, according to UNCTAD. To strengthen trade and foreign investment in the region, the Interamerican Development Bank created ConnectAmericas, a social network for promoting business and investment in the region. See more at:

How to open a business in Guatemala

To operate in Guatemala, every investor should register their company in the Commercial Register. The process takes from 12 to 19 days. The easiest and fastest way to do this is through a web portal designed to make all of your arrangements online and communicate directly with the institutions involved in the opening process.

Tourism in Guatemala

More than a journey, Guatemala is full of life lessons. It has 42,042 square miles of immense diversity: Colonial Cities, Mayan Ruins, Caribbean Coast, Pacific Ocean, Volcanoes, Lakes, Tropical Rainforest, spaces to practice extreme sports, and a highly developed city . However, the country offers more than this: leaving life lessons to every visitor.

“For one of our main clients, Allied Global’s operations in Guatemala represent its second major call center service provider” -Germán López, Chief Strategy Officer. Allied Global
“Guatemala represented a unique and attractive business model. A challenge was visualized in Guatemala. We ran the risk and it worked” -Lic Juan Martínes Venegas, General Manager Marhnos Guatemala
EGS
"Guatemala is our main emerging market in Latin America. All of our clients are pleased to do business in Guatemala - José J. Urizar, EGS Operations VP in Guatemala
“In Guatemala, the tax incentives to establish a new business are attractive, the business environment is positive and optimistic, and the workforce is excellent” -Federico Medinilla, CEO Xerox Guatemala
25 June, 2017 09:33:03
Guatemala,
Organization
The Commission of Costume and Textiles of Guatemala is the best organized and most united cluster in all of Central America, offering to the industry easy access to products and related services.
#Textiles
Strategic Position
The strategic geographic location of Guatemala is of great benefit for the industry given the proximity to the United States. Mexico and Central America, main markets of clothing and textile export.
#Textiles
Added Value
The success and development of the industry has led many companies to offer added value integrating the entire clothing creation process, which is known as the "complete package".
#Textiles
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Garments and Textiles

Garments and Textiles

This category includes the clothing, textiles, accessories, thread, buttons, labels and logistics services industries. Guatemala produces fabrics with synthetic filaments, special fabric, knitted fabric, yarn dyed fabric, twill, Oxford and fabric for special purposes. The country produces garments for brands such as Adidas, Nike, Polo Ralph Lauren, American Eagle, Donna Karan New York, Guess, Tommy Hilfiger, Old Navy, Gap, Abercrombie & Fitch, Hollister, among others.
WHAT DOES GUATEMALA OFFER?

The entity responsible for promoting the sector is the Industry Commission of Clothing and Textiles (VESTEX) with technical assistance, training, information, marketing, export promotion, and relationships at the international and government level.

Guatemala offers:

  • Strategic geographic position
  • Access to both oceans
  • Free Trade and Preferential Trade Agreements with the major markets of the sector
  • Skilled workforce
  • Employment opportunity for women (46% of the workforce is female) (Source: VESTEX)
  • Complete package advantage: a group of companies work the production line without putting their own brand on the product
  • High quality products with efficient delivery times
  • Flexibility in relation to production orders
  • Organization of events specific to the industry such as the "Apparel Sourcing Show" that attract clients from the CAFTA region to generate business.
  • The clothing and textile exports totaled US $ 1.512 million by 2013 (Source: Bank of Guatemala)
  • There are altogether 146 apparel companies, textile mills and spinners 41 and 260 utilities and accessories (Source : VESTEX)
  • It is the most well organized and united cluster in all of Central America with easy access to products and related services
  • Guatemala's geographic location is strategic with direct access to major export clothing and textile markets
  • Guatemala has integrated the entire clothing creation process in this area to deliver a "complete package"

(Source: International System Development, Inc. using data from the United States International Trade Commission)


 

 
AttachmentSize
Garments and Textiles912.21 KB
More than
$1,500 million
in exports.
A total of
447
companies in this industry.
More than
46%
of the workforce is female
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2
3
Clothing and Textiles Numbers
GUATEMALAN CLOTHING
IS MADE WITH HIGH ADDED VALUE

According to the International Trade Commission of the United States, the price in USD/square meter equivalent to articles of clothing entering the United States from Guatemala is highly superior to the rest of the DR-CAFTA region and even higher compared to the global average, due to the high quality standards and added value of products manufactured.

#INVESTINTEXTILES

Success Stories

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