CURRENCY
BUSINESS OPPORTUNITIES IN GUYANA
GUYANA




FLAG

GUYANA
CAPITAL CITY

GEORGETOWN

GUYANESE DOLLAR
Language

Population

1.90 LAKHS
Country
Calling Code

+592
LOCATION:

SOUTH AMERICA
BORDER COUNTRIES:
SURINAME
THE ATLANTIC OCEAN
BRAZIL
VENEZUELA
ABOUT GUYANA
Amongst all the countries in South America, Guyana is a unique nation located on the continent’s North Atlantic coast, characterized by its dense rainforest, savannas, and mountains, and forming part of the Caribbean cultural sphere. The capital of Guyana is Georgetown, which is also its largest city and primary port. According to the World Bank, Guyana has recently been classified as a High-Income Country, a significant elevation driven by its burgeoning oil discoveries. The currency of Guyana is the Guyanese Dollar (GYD). At the time of writing this article (June 11, 2025), the value of 1 Indian Rupee is approximately 2.45 Guyanese Dollars (1 GYD = 0.41 INR), meaning the Guyanese Dollar is significantly lower in value than the Indian Rupee. The population of Guyana is estimated at approximately 8.36 lakhs (0.836 crores) as of 2025, making it one of the least densely populated countries in South America. The neighboring countries of Guyana are Suriname to the east, Brazil to the south and southwest, and Venezuela to the west. The official and most commonly spoken language in the country is English, a unique feature among South American nations. The majority of the Guyanese population practices Christianity, with significant minorities of Hindus and Muslims also present. Guyana has two main international airports: Cheddi Jagan International Airport (Georgetown) and Eugene F. Correia International Airport (Georgetown), offering air connectivity to regional and international destinations. With its Atlantic coastline, Guyana has several commercial seaports, primarily Georgetown, Essequibo River, and New Amsterdam, which are crucial for its expanding international trade, particularly related to oil and gas exports.
The corporate income tax rate in Guyana is 25% for non-commercial companies and 40% for commercial companies. Where companies are engaged in both commercial and non-commercial activities, the commercial activity is taxed at 40% and the non-commercial activity is taxed at 25%. Opesh Group of companies will be helping you in completing the Due Diligence process which includes financial planning, registration process, business options, and if required, even helping you find a Rental property for your office.
Establishing a business in Guyana has to be done with utmost care, keeping in mind the laws of the country. The Companies Act of 1991 (amended in 1995) and other relevant legislation provide clear guidelines for foreign investors to register a company in Guyana. Guyanese law does not discriminate against foreign investors. Foreign investors can form various types of business ownership, including sole proprietorships, partnerships, and incorporated companies (both domestic and foreign). The incorporation process is relatively straightforward. There are no restrictions on the nationality of shareholders for a private incorporated company.
In case an investor is planning to establish an incorporated company or a branch office in Guyana, Opesh Group will be helping you in taking the right decision for setting up your business in Guyana and we will also guide you about how to follow the procedure while formulating your company in Guyana.
Types of Business which can be started in Guyana-
Oil & Gas – Guyana has experienced an unprecedented economic boom due to massive offshore oil discoveries, making it one of the world’s fastest-growing economies. Opportunities are immense in exploration, extraction, refining, and especially in support services for the burgeoning oil and gas industry (e.g., logistics, engineering, offshore services). Agriculture and Agro-processing – With vast fertile lands, Guyana has significant agricultural potential, particularly in rice, sugar, fruits, and vegetables. Opportunities exist in modernizing farming practices, large-scale production, food processing, and exporting agricultural products. Mining – Guyana is rich in mineral resources, including gold, diamonds, bauxite, and rare earth minerals. Opportunities exist in exploration, extraction, and processing, particularly with a focus on responsible and sustainable mining. Infrastructure and Construction – The rapid economic growth and development necessitates significant investment in infrastructure, including roads, bridges, ports, housing, and energy infrastructure (e.g., gas-to-energy projects). Opportunities are substantial in large-scale construction, public works, and real estate development. Renewable Energy – Despite its oil wealth, Guyana is committed to a Low Carbon Development Strategy (LCDS) and has significant potential for hydropower, solar, and wind energy. Opportunities exist in renewable energy project development, energy efficiency solutions, and green technology. Tourism and Hospitality – Guyana offers unique eco-tourism and adventure tourism experiences, with its pristine rainforests, waterfalls (Kaieteur Falls), and diverse wildlife. Opportunities exist in developing eco-lodges, resorts, tour operations, and related hospitality services. Information and Communications Technology (ICT) – As the economy diversifies, there’s growing demand for improved internet connectivity and digital services. Opportunities can be found in IT infrastructure development, software services, e-commerce platforms, and digital transformation. Services and Logistics Support – The oil and gas boom has created immense demand for support services, including transportation, warehousing, maintenance, engineering, financial services, and specialized professional services.
Advantages of Starting Business in Guyana-
Guyana is experiencing unprecedented economic growth, offering exceptional opportunities for high returns on investment, particularly in sectors related to its vast natural resources. The country has significant proven oil and gas reserves, making it a major player in the global energy market. Guyana boasts abundant natural resources beyond oil, including fertile agricultural lands, minerals, and vast forest resources. The government is actively implementing policies and incentives to attract foreign direct investment and improve the ease of doing business. Its strategic location on the North Atlantic coast provides direct maritime access to North America, Europe, and the Caribbean. English is the official language, which simplifies communication and legal processes for many international investors. Guyana has a young and growing workforce, providing a potential labor pool. The country offers unique potential for sustainable development, balancing resource exploitation with environmental protection, particularly through its LCDS.
Business Opportunities for Indians in Guyana-
There are excellent and rapidly expanding business opportunities in Guyana for Indian investors looking to participate in one of the world’s fastest-growing economies. Guyana actively seeks foreign investment and offers a dynamic and resource-rich market. Indian investors can explore vast business opportunities in sectors such as oil and gas exploration and support services, mining (especially gold, bauxite, and potential critical minerals), agriculture and agro-processing, pharmaceuticals, IT services, and infrastructure development. The historical and cultural ties between India and Guyana also foster a conducive environment for bilateral cooperation and investment.
Imports & Exports-
Trade is a crucial component of Guyana’s economy, with significant volumes of goods being imported and exported, largely driven by the oil and gas sector. Proper research and development are crucial to identify suitable products for import or export and to assess market revenue potential.
Major items which are exported from Guyana to India-
Crude Petroleum Oil Wood and Articles of Wood Ores, Slag & Ash (e.g., Bauxite, Gold, other minerals) Electrical Machinery & Equipment and parts thereof Sound Recorders & Reproducers, Television Image and Sound Recorders & Reproducers and parts Iron & Steel Lead & Articles thereof Aluminum and articles
Major items which are imported in Guyana from India-
Pharmaceutical products Boilers, Machinery & Mechanical Appliances parts thereof Electrical Machinery & Equipment and parts thereof Sound Recorders & Reproducers, Television Image and Sound Recorders & Reproducers and parts Apparel and Clothing Iron & Steel Food preparations (e.g., non-alcoholic beverages, wheat, bread, maize, milk powder, cheese) Vehicles (especially two-wheelers and parts) Organic Chemicals
Manufacturing-
Indian companies can look into establishing manufacturing units in Guyana, particularly for agro-processing (e.g., rice, sugar, processed foods), light manufacturing for local consumption, and for supplying the oil and gas sector with necessary equipment and components.
Mining-
The mining sector offers substantial opportunities for Indian companies, particularly in gold and bauxite extraction, as well as in exploring for new mineral deposits. Investment in modern mining technologies and sustainable practices is highly sought after.
Major Indian companies which are currently working in Guyana-
ONGC Videsh Limited (OVL) (Oil & Gas exploration) RITES Ltd (Infrastructure consultancy, recently secured a contract for road project supervision) Tata Motors (vehicle sales through dealerships) Bajaj Auto, TVS Motor Company, Hero MotoCorp (significant presence in the two-wheeler market through assembly/sales partnerships) UPL Limited (agrochemicals) Various Indian pharmaceutical companies (through distribution and sales channels).
GDP = $97 billion (PPP; 2024 est.), projected to be $111 billion (PPP) for 2025. Current GDP is estimated at $25 billion (nominal, 2024 est.). GDP Growth = 43.8% (2024 est.), projected to be approximately 10-19% for 2025 (IMF projects ~10.25% overall, 13% for non-oil sector; Wikipedia lists 19%). This makes it one of the world’s fastest-growing economies. Ease of doing business rank = 134 out of 190 (World Bank 2020 report, latest available before discontinuation; President Ali has committed to improving this ranking). GDP per Capita = $64,025 (PPP; 2024 est.), projected to be $91,380 (PPP; 2025 est.). Nominal GDP per Capita is $21,284 (2024 est.), projected to be $30,652 (2025 est.).
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