Can I freely repatriate profits and capital from Guatemala?

According to the State Department's 2024 Investment Climate Statement, the Foreign Investment Law and CAFTA-DR commitments protect the right to remit profits and repatriate capital,… and there are no restrictions on converting or transferring funds associated with an investment into a freely usable currency at a market-clearing rate. The Foreign Investment Law itself (Decree 9-98), in its article 8, gives foreign investors free access to buying and selling foreign currency and free convertibility on equal terms with national investors, and lets them freely transfer abroad their invested capital or the proceeds of liquidation or sale, remit profits, pay dividends, debts, interest, royalties, rents and technical assistance, and make expropriation compensation payments. The practical friction is Monetary Board Resolution JM-108-2010 (in force since 1 January 2011): when banks, finance companies, offshore entities, financial-group service companies and exchange houses receive foreign-currency cash from one person exceeding US$3,000 in a calendar month, they must build a file with the client's sworn statement on the legitimacy and origin of the cash, a documented risk analysis and the written authorization of a designated officer.