Guatemala is situated in Central America, a prime location for those interested in investing overseas. With its access to both the Atlantic and Pacific Oceans, Guatemala can have trade with any Asian and European country, not to mention North America. With the recent socioeconomic developments in the country, Guatemala offers a suitable environment for foreign investments. Spanish being the official language of the country, companies considering to invest in Guatemala will need the aid of certified translators.
The economy of Guatemala has gone through some promising changes and the country offers much more to foreign investors than it has ever in the past. There have been concerned efforts on the part of the Guatemalan government to modernize its economy and take initiatives to attract more investors. Primarily an agricultural country, Guatemala has now improved its infrastructure and reduced trade barriers to modernize its economy. Guatemala has also initiated free trade agreements with the United States and its neighboring countries.
An translator from The Marketing Analysts Translation Services Company in Chicago maintained that the Houston Spanish Translation has translated a few official documents on behalf of the US and Guatemalan government. Economists are of the view that this shift in the Guatemalan economic policy and these trade agreements will play a fundamental role in the ‘promotion of direct foreign investment’. These free-trade agreements have increased the access of Guatemalan products in the international markets which is a very positive development.
On the whole, the country has become a good place to invest. There is still room for development in many sectors. A few economic policies of the country need to be revisited. But the government has realized that in order to compete with its neighboring countries, Guatemala will have to reform its economy. Food industry, call centers, energy and oil sector, tourism and textile industry, light manufacturing , forestry and the mining industry etc are some areas which have proven to be profitable investments in Guatemala. The country’s infrastructure also needs improvement. Guatemala needs to build roads, railways and new ports which will contribute towards the country’s development.
New investors planning to invest in Guatemala will face the language barrier. We advise you to hire a reputed Spanish translation company like The Marketing Analysts Translation Service Company (www.themarketinganalysts.com) We have a bunch of professional experienced Spanish translators/ interpreters who can assist you in all matters related to translation, localization and interpretation services.