Registration of a company in Guyana

Service	Bronze	Silver	Gold
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Legal address for 1 year We provide a legal address for your company in this jurisdiction, eliminating the need to purchase or rent real estate
Support in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Services of local director for 1 year Providing a resident director of a given jurisdiction or the EU, which is necessary for registering a company and opening an account at a local bank
Total cost	Оn request	Оn request	Оn request
Accounting services	Оn request	Оn request	Оn request
Annual renewal (paid from the second year)	Оn request	Оn request	Оn request

6 easy steps to get started

1

Select your preferred jurisdiction
2

Choose a bank that meets your company's needs
3

Pay for our services using a convenient payment method
4

Receive all necessary corporate documents
5

Receive details for your newly opened bank account
6

We'll deliver the original documents directly to you

The Cooperative Republic of Guyana is located on the northeastern Atlantic coast of South America and borders Venezuela, Suriname, and Brazil. It is the only English-speaking country on the continent. The country’s leading trading partner is the U.S., so setting up a business in Georgetown or any other city in Guyana can help your company enter the American market. In addition, the state is a member of the Caribbean Community CARICOM.

Advantages of registering a company

state support for foreign entrepreneurs;
the abundance of natural resources;
easy access to Latin America and the Caribbean;
low cost of doing business.

Main forms of legal presence and doing business

individual entrepreneurship (SP);
partnership;
private limited liability company (PLLC);
public limited company (PLC).

A PLLC is the most popular legal entity for foreigners who open a business in Guyana. Non-residents can wholly own such companies. There is no minimum amount of share capital required by law. However, a PLLC involves a minimum of 2 shareholders and one director.

Registration procedure

reserve a unique company name;
obtain a Declaration of Compliance from a local lawyer;
register the company in Guyana with the Registrar of Companies;
apply for a Taxpayer Identification Number from the Internal Revenue Service;
register with the appropriate division of the Guyana Revenue Authority for the payment of VAT;
obtain an Employer Identification Number (NIS) from the National Insurance Scheme;
make a seal;
open a bank account;
obtain licenses and permits.

Legislation and regulatory environment

The Companies Act of 1991 governs the creation, eligibility, and dissolution of all companies in Guyana. The Tax Act requires the proper maintenance of accounting records. In addition, companies must keep registers of directors and officers, all minutes of meetings, and resolutions passed by management.

Tax system

corporate tax – 25%;
PIT – 40%;
VAT -14%;
dividend tax – 0% (for residents), 20% (for non-residents);
tax on capital gains – 20%.

Resident companies pay taxes on worldwide income. Non-resident companies doing business in Guyana are taxed on locally sourced income.

Open a business in Guyana: how the lawyers of Prifinance can assist

The high rate of economic growth and the encouragement of foreign investment by the state attracts entrepreneurs. Prifinance lawyers will support you to open a company in Guyana and start your business quickly. Our specialists will take care of bureaucratic and administrative issues. Prifinance can also be trusted with bookkeeping and annual maintenance of the company.

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