General incentives include tax holidays for pioneering activities; zero-rate on custom duty and consumption tax on selected items of plant, machinery and equipment and on raw materials for registered companies; preferential access to markets through CARICOM, CARIFORUM-EU Economic Partnership Agreement, Caribbean Basin Initiative and Caribcan; government's continued expenditure on infrastructure, utility and research activities; double taxation treaties with the USA and Canada, unlimited loss carry-over from previous years; accelerated depreciation on plant equipment; and export allowance for non-traditional exports to Ex-CARICOM destinations. (see Go-Invest website)
Include duty free importation of a wide range of machinery and equipment; waiver on import duty and value added tax on packaging materials for fruits and vegetable for export; allowances for expenditure incurred development and cultivation purposes; and export allowances for non-traditional or agricultural products outside CARICOM.
Include duty and value added tax zero-rated on a wide range of machinery and equipment, and on most raw materials for registered Companies.
Agriculture and manufacturing incentives for projects in Linden and surrounding areas.
Include exemptions of duty and value added taxes on all plant, machinery and equipment, spare parts and vehicles used exclusively for business.
Consist of a package for which Companies are eligible once in a period of 5 years and comprise mainly duty-free and value added tax concessions for basic furnishing, plant equipment and building materials.
Include exemption from duty and value added tax on a wide range of equipment.
Comprise value added activities benefiting from the incentives generally granted to the manufacturing sector, and exemption from duty and consumption tax on selected items.
FOR MORE INFORMATION PLEASE VISIT THE FOLLOWING WEBSITES
(A) Ministry of Foreign Trade & International Cooperation
(B) Guyana Office for Investment (GO-INVEST)
(C ) Ministry of Tourism, Industry & Commerce
(D ) Ministry of Natural Resources and the Environment
(E) Guyana Sugar Corporation (GuySuCo)
(F) Ministry of Agriculture
(G) Guyana Rice Development Board
(H) Guyana Forestry Commission
(I) New Guyana Marketing Corporation (Non-Traditional Exports)
(J) Ministry of Finance
In light of the urgency for expanding and diversifying investment opportunities and exports, the Guyana Office for Investment (GO-INVEST) was restructured. The new agency is aggressively seeking out investors and promoting Guyana as a place with which to do business. The processing of applications for concessions and other government support is expedited.
GO-INVEST is the primary contact for investors and exporters. It liaises, on their behalf, with government ministries and other agencies.
Investors are given a comprehensive summary of the steps required to commence operations and to grow their business, including the documents that have to be completed and the estimated time for their completion by the relevant agencies.
An INVESTOR ROADMAP which is available in three forms – a Manual, Fact Sheets and on the GO-INVEST Website at www.goinvest.gov.gy – outlines in five sections the following:
· Business registration;
· The process to lease or buy government and private lands;
· Permits for construction, fire safety and environmental protection;
· Applications for water, electricity and telephones;
· Laws and regulations on accounting and reporting procedures to the Guyana Revenue Authority;
· Laws and regulations on work permits as well as the hiring and severance of employees.
The last section provides a detailed list of the incentives and concessions that are applied across-the-board and a list on incentive programmes for specific sectors.
Seafoods, shrimp/fish products
Forestry (Timber/plywood etc)
Live Animals/Birds (Macaws & Parrots
Heart of Palm
GUYANA’S MAIN EXPORT COMMODITIES
Tel: +44 207 229 7684
Fax: +44 207 727 9809
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