Guatemala is a popular tax haven
Capital city: Guatemala City
Currency: Quetzal (GTQ)
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.
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2