In Guatemala the common corporate form is the sociedad anonima, the local equivalent of a limited company, rather than a US style LLC. A registered company with its Patente de Sociedad and NIT opens a business account at a local bank such as Banco Industrial, BAC Credomatic, or Banco Agromercantil, with quetzal and US dollar accounts available.
Suits LLC and Corporations best
A local bank with corporate banking, quetzal and US dollar accounts, and multi user access
Typical monthly fee
Corporate account handling fees vary by package and balance
Non resident position
A foreign owned company must be registered in Guatemala with a NIT and a legal representative who can complete in person onboarding. A non resident individual generally cannot open directly. Verify with the provider.
Providers that fit
Local banks for corporate accounts, plus Payoneer for international receipts
Fees and features as of 2 January 2026Last reviewed 2 January 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
In Guatemala the common corporate form is the sociedad anonima, the local equivalent of a limited company, rather than a US style LLC. A registered company with its Patente de Sociedad and NIT opens a business account at a local bank such as Banco Industrial, BAC Credomatic, or Banco Agromercantil, with quetzal and US dollar accounts available. Information as of 2 January 2026, not advice.
What LLC and Corporations in Guatemala need from a business account
Companies in Guatemala, most often a sociedad anonima, need a business account that supports multiple signatories, payroll, supplier payments, and tax settlement with SAT. The priorities are quetzal and US dollar accounts, online banking with user roles, and corporate services as the company grows. There is no US style LLC in Guatemala, so a US registered LLC operating locally would still register a branch or local entity. Large local banks provide these accounts; a platform such as Payoneer can supplement international receipts but is not a local corporate bank account.
B
Banco Industrial
The largest bank in Guatemala, with corporate banking, quetzal and US dollar accounts, and a wide branch network. Handling fees and in person onboarding apply.
Best for
Larger companies wanting full corporate banking
Monthly fee
Corporate handling fees vary by package
B
BAC Credomatic
A regional bank with strong digital banking, corporate cards, and quetzal and US dollar accounts across Central America. Fees vary by package.
Best for
Companies wanting digital corporate banking
Monthly fee
Corporate handling fees vary by package
B
Banco Agromercantil
A local bank, part of a regional group, with corporate and SME accounts in quetzales and US dollars. Onboarding is in person and fees vary by package.
Best for
SMEs and corporates wanting a local bank
Monthly fee
Corporate handling fees vary by package
Compare accounts for LLC and Corporations in Guatemala
These providers serve business customers in Guatemala. Fees and eligibility shown as of 2 January 2026. Confirm current terms with the provider before applying.
Questions about banking for LLC and Corporations in Guatemala
Is there an LLC in Guatemala?
Guatemala does not have a US style LLC. The common corporate form is the sociedad anonima, a limited company, and there are other forms such as the sociedad de responsabilidad limitada. A US LLC operating in Guatemala would normally register a local entity or branch. Confirm the right structure with a local professional, as of 2 January 2026.
How does a company open a business account in Guatemala?
A company registered with the Registro Mercantil, holding its Patente de Comercio, Patente de Sociedad, and NIT, applies at a local bank with the deed of incorporation and identification of the legal representative and beneficial owners. Onboarding is normally in person. Confirm requirements with the bank, as of 2 January 2026.
Can a foreign owned company open an account in Guatemala?
Yes, but the company must be registered in Guatemala with a NIT and a legal representative who can appear in person, because banks apply face to face onboarding. A non resident individual generally cannot open a company account directly. Verify your situation with the provider, as of 2 January 2026.
Are US dollar accounts available for companies?
Yes. US dollar accounts are widely available alongside quetzal accounts at local banks, which helps companies that trade or receive revenue in dollars. Terms and fees vary by bank and package, so confirm current terms before applying, as of 2 January 2026.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 2 January 2026. Confirm current terms with the provider before applying.