In recent years, the government of Gayana has modernized the country's financial system to attract more foreign investors. So, if you are planning to register a company in South America, this country may be a good starting point.
Standards and Requirements
Those seeking to register a Limited Liability Company (PLLC) in Guyana should keep in mind that:
- setting up a PLLC in Guyana requires having at least one director and two shareholders,
- shareholders and directors can be non-residents;
- no minimum share capital is required;
- financial statements must be submitted annually;
- having a registered agent is required;
- conducting an annual audit is required;
- having a local registered office and address are required;
- summoning a general annual meeting of shareholders is required.
Documents Required for Company Registration in Guyana
To establish a company in Guyana, one must submit the following documents:
an order form (fully completed and signed) containing the following information:
- company name;
- type of business activity;
- information about beneficiaries;
- notarized copy of a foreign passport;
- confirmation of beneficiaries’ addresses.
Confirmation can be:
- bank reference;
- translation of the local passport, certified by a notary;
- any other document certified in English and proving identity/registered address.
Company Name
Before registering a PLLC in Guyana, you need to choose a unique name for a company. The readability and memorability of your business name is also important.
Obtaining a business license in Guyana
For a business to be legal, it must obtain a license in Guyana. Please note that our company can provide you with assistance in the establishment of a company in Guyana. For more information, please contact us in any way convenient for you.
Taxation
If you are interested in opening a company in Guyana, you should keep in mind that the corporate tax rate in this jurisdiction is 40%. Please keep in mind that the income tax for non-profit companies pay is 27,5%.
YB Case services
Seeking to start a Guyanese business? Need advice on the registration of a Guyanese company and on opening an account with banks in South America? Why not contact YB Case?
