Foreign Direct Investment (FDI) is drawn towards the economic opportunities Guatemala offers, particularly in the areas of utilities, manufacturing and engineering, finance and insurance services. Hydroelectric power and geothermal are other areas attracting international funding. Exports are based on the country’s agriculture sector, and they include palm oil, raw sugar, bananas, coffee and nutmeg.
International companies expanding operations in Guatemala to maximise this potential face a major commitment if they also intend running the payroll for their company. Accessing this potential nevertheless requires expert knowledge. Guatemala’s extra layers of bureaucracy jeopardise implementing your business plan swiftly and successfully… this is why you need Bradford Jacobs alongside you. We have total understanding of all the issues surrounding Guatemala’s payroll regulations, contracts, taxes, labour laws and every aspect of employment compliance.
Bradford Jacobs’ Professional Employer Organisation (PEO) and Employer of Record (EOR) platforms and networks provide complete answers to every question your company will encounter before you move into the economy, especially when it comes to operating payroll.