Bank of Guatemala
Grade C
Central Bank of Guatemala · Guatemala · Official register
License facts
What it takes to hold this license, from the TrustFinance regulator database.
Authorized capital
135,464+
required to operate
Time to obtain
12 Months
typical licensing process
TrustFinance grade
of A to D
Requirements to get licensed
Main requirements
- Company Documentation: Articles of incorporation and founding materials.
- Director and Shareholder Appointment: Appoint at least 1 director and 1 shareholder with no residency requirements.
- Secretary Appointment
- Business Plan: Detailed plan outlining key assets, market strategies, financial estimates, and risk management measures.
- Risk Control Plan: Detailed risk control plan.
- Personal Documentation: Photocopies of passports for new owners, directors, and key personnel.
- Residence Proof: Documents confirming the residential address of new owners, directors, and key personnel.
- Professional References: Demonstrating expertise in foreign exchange operations.
- Compliance Materials: Detailed Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) compliance materials.
- Background Checks: Criminal record-free identification for shareholders, management, and key executives
About this regulator
The Central Bank of Guatemala is the monetary authority in Guatemala, responsible for the country's monetary policy, including the issuance and regulation of the national currency, the Quetzal. It aims to maintain monetary stability, ensure the smooth operation of payment systems, and contribute to the economic development and financial stability of Guatemala. The Bank plays a critical role in formulating and implementing financial policies to foster sustainable economic growth.
Companies holding this license
Companies on record, each linking to its verification page.