Report Topics:
1:- General Information
2:- Cooling-off Period
3:- Pyramid Schemes
4:- Multi-Level Marketing
5:- Prohibition on Products
6:- Credit Restrictions Country
7:- Money Collections
8:- Licenses
9:- Status of Direct Sellers
10:- Earnings Claims
11:- Taxes and Fees
12:- Social Security
13:- Others
eneral Information
direct selling industry In Guatemala is regulated on basis of the following:
Cooling-off Period
The Code of Consumer Protection Law ( Decreto 6-2003) defines the consumer’s rights; is a law that aims to promote, disseminate and defend the rights of consumers and users, establish the offenses, penalties and procedures in this area. The provisions of this Act are guardians of consumers and users and provide a minimum of rights and guarantees of non-derogable, social interest and public order.
This law is not specific for the market attended by direct sales companies. Some articles of this law, however, have, as target, the protection of consumer who is attended by direct sales system.
Pyramid Schemes
No legislation
Multi–Level Marketing
No legislation
Prohibition on Products
Products are regulated by health and tagged records and comply with good manufacturing practices.
Credit Restrictions Country
No legislation
Money Collections
No legislation
Licenses
Status of Direct Sellers
No legislation.
Earnings Claims
No legislation.
Taxes and Fees
Social Security
No information.
Others
No information.