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Doing Business in GUYANA

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Melinda Gittens Gordon
Melinda Gittens Gordon

Guyana is an emerging economy with opportunities for investment and profitable business. It has a strategic geographic location between the Caribbean and South America, natural resources, English-speaking population, and incentives for foreign investors including tax holidays and duty-free entry of equipment. Key sectors for investment include agriculture, agri-processing, renewable energy, mining, tourism, housing, and infrastructure development. Guyana also has access to important markets in the Americas and Caribbean through various trade agreements. Recent transformational developments making Guyana more attractive include a new bridge to Brazil, planned highway connecting to Brazil, expansion of the sugar and rum industries, university excellence, and major oil discoveries.

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PRESENTATION BY WESLEY KIRTON, PRESIDENT
GUYANA WHERE THE CARIBBEAN MEETS SOUTH AMERICA
Guyana is an emerging economy with enormous untapped potential. The countrys geographic position at the gateway to the Caribbean and South America, combined with its natural resources, access to key export markets, English-speaking population and affordable, hard working and where required trainable labor present investors with profitable opportunities to do business in Guyana. Supported by stable macroeconomic policies, attractive investment incentives, and a regulatory environment and corporate tax regime that do not discriminate against foreign investors, Guyana provides investors favorable conditions to do business. OVERVIEW
INVESTMENT OPPORTUNITIES Agriculture-food crop cultivation including fruits and vegetables; livestock production Agri-processing-condiments, coconut water; pork and fish products Renewable Energy : solar, wind, hydro Mining-gold; manganese Creative Industries-fashion design; film video production; cultural entertainment Tourism-hotel and resort development Housing-low income and upscale housing Infrastructure: roads, bridges, dredging
INVESTMENT INCENTIVES TAX HOLIDAYS DUTY FREE ENTRY OF MACHINERY/EQUIPMENT REPATRIATION OF PROFITS WORK PERMITS FOR SPECIALIZED SKILLS
TRADE/MARKET ACCESS Guyana has duty free access to several markets for its exports: USA under the Caribbean Basin Initiative (CBI) Canada under CARIBCAN European Union Caribbean Community ( CARICOM) Partial scope agreements with several countries including Brazil Guyana is a major trading partner of the USA from which most of its imports are sourced.
TRANSFORMATIONAL DEVELOPMENTS Bridge linking Guyana and Brazil completed. Construction of Major Highway linking Georgetown, Guyanas capital with Brazil to begin next year. Privatization, diversification of the sugar industry . Expansion of the distillery industry which produces the internationally acclaimed award winning Demerara rums. Privatization/diversification of the sugar industry. A recalibrated national university-The University of Guyana-that has excelled at providing world class education in several fields including environmental science, biodiversity and climate change, agriculture, forestry and more The discovery of billions of barrels of oil by Exxon Mobil- I invite you to look at this television news report, which I can assure you is not fake news.

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Doing Business in GUYANA

  • 2. GUYANA WHERE THE CARIBBEAN MEETS SOUTH AMERICA
  • 3. Guyana is an emerging economy with enormous untapped potential. The countrys geographic position at the gateway to the Caribbean and South America, combined with its natural resources, access to key export markets, English-speaking population and affordable, hard working and where required trainable labor present investors with profitable opportunities to do business in Guyana. Supported by stable macroeconomic policies, attractive investment incentives, and a regulatory environment and corporate tax regime that do not discriminate against foreign investors, Guyana provides investors favorable conditions to do business. OVERVIEW
  • 4. INVESTMENT OPPORTUNITIES Agriculture-food crop cultivation including fruits and vegetables; livestock production Agri-processing-condiments, coconut water; pork and fish products Renewable Energy : solar, wind, hydro Mining-gold; manganese Creative Industries-fashion design; film video production; cultural entertainment Tourism-hotel and resort development Housing-low income and upscale housing Infrastructure: roads, bridges, dredging
  • 5. INVESTMENT INCENTIVES TAX HOLIDAYS DUTY FREE ENTRY OF MACHINERY/EQUIPMENT REPATRIATION OF PROFITS WORK PERMITS FOR SPECIALIZED SKILLS
  • 6. TRADE/MARKET ACCESS Guyana has duty free access to several markets for its exports: USA under the Caribbean Basin Initiative (CBI) Canada under CARIBCAN European Union Caribbean Community ( CARICOM) Partial scope agreements with several countries including Brazil Guyana is a major trading partner of the USA from which most of its imports are sourced.
  • 7. TRANSFORMATIONAL DEVELOPMENTS Bridge linking Guyana and Brazil completed. Construction of Major Highway linking Georgetown, Guyanas capital with Brazil to begin next year. Privatization, diversification of the sugar industry . Expansion of the distillery industry which produces the internationally acclaimed award winning Demerara rums. Privatization/diversification of the sugar industry. A recalibrated national university-The University of Guyana-that has excelled at providing world class education in several fields including environmental science, biodiversity and climate change, agriculture, forestry and more The discovery of billions of barrels of oil by Exxon Mobil- I invite you to look at this television news report, which I can assure you is not fake news.