Guatemala is a popular tax haven
Capital city: Guatemala City
Currency: Quetzal (GTQ)
Population 16,582,469
Language: Spanish
GDP: USD$139 billion
GDP per capita: USD$8,382
Guatemala is a Central American country bordered by Mexico, Belize, Honduras and El Salvador. The territory of modern Guatemala once formed the core of the Maya civilisation, which extended across Mesoamerica.
Guatemala’s popularity as a tax haven is due to its business companies. These companies can operate in both Guatemala and foreign jurisdictions, and only pay tax on Guatemala sourced income. Guatemala companies provide confidentiality and privacy for their beneficial owners. The identity of Guatemala company shareholders and directors is not in any public records.
The Guatemala citizenship programme offers a second passport for only $US65,000. This passport grants its holder access to 113 countries visa-free worldwide, including UK, Schengen Region, Hong Kong and Singapore. The passport application can be done completely online and fast-tracked with passports issued within 45 days.
Similar posts you may like
- Luxembourg
Capital city: Luxembourg City Currency: Euro (€) Read more
- Estonia
Capital city: Tallinn Currency: Euro (€) Read more
- Legal Reasons to Use a Tax Haven
Without doubt, the dominant legal reason to use tax havens is to save tax. Many taxpayers, especially multi-national corporations, can legally save tax by Read more
- Double Tax Treaty Manipulation
Double taxation is the levying of tax by two or more jurisdictions on the same declared income, asset or financial transaction. It may occur Read more
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2