Registering a company in Guyana is a manageable process that can be completed by following the outlined steps in this guide. By selecting the appropriate company structure, choosing a unique name, preparing the necessary documents, and completing the required registration steps, you can establish your business in this beautiful country located on the northern coast of South America. Keep in mind that it is essential to consult with a local attorney or the Deeds and Commercial Registry Authority to ensure compliance with all local regulations and requirements. With proper planning and guidance, you can successfully launch your business venture in Guyana. As you navigate the registration process, it is crucial to stay up to date with any changes to local laws and regulations that may impact your business. By adhering to these guidelines and maintaining ongoing compliance with Guyanese laws, you can position your company for success in this dynamic and growing market.
Step 1: Choose a Company Structure
The first step in registering a company in Guyana is to decide on the company structure that best suits your business needs. The main types of companies in Guyana are:
- Sole Proprietorship
- Private Limited Liability Company
- Public Limited Liability Company
- For detailed information on each company structure, visit the Guyana Office for Investment website: https://go-invest.gov.gy/
Step 2: Select a Company Name
Choose a unique company name that is not already in use by another business in Guyana. To check the availability of your desired company name, you can use the online search tool provided by the Deeds and Commercial Registry Authority: https://www.registry.gy/
Step 3: Prepare the Incorporation Documents
Once you have chosen a company structure and name, you will need to prepare the incorporation documents for your company. These documents should include information about the company's purpose, management structure, and share capital (if applicable).
Step 4: Register with the Deeds and Commercial Registry Authority
Submit the incorporation documents and other required documents to the Deeds and Commercial Registry Authority for approval. The Authority will review your application and, if approved, issue a Certificate of Incorporation.
Step 5: Obtain a Tax Identification Number (TIN)
After registering with the Deeds and Commercial Registry Authority, you will need to obtain a Tax Identification Number (TIN) for your company from the Guyana Revenue Authority. This number is required for tax purposes and should be used on all official documents related to your company. You can apply for a TIN online through the Guyana Revenue Authority website: https://www.gra.gov.gy/
Step 6: Register for Social Security and Taxes
Register your company with the Guyana National Insurance Scheme (NIS) and the Guyana Revenue Authority to ensure compliance with local regulations.
Step 7: Obtain Necessary Licenses and Permits
Depending on your business activities, you may need to obtain additional licenses and permits to operate in Guyana. Consult with a local attorney or the Guyana Office for Investment for guidance on any additional requirements for your business.
Costs and Time-frame for Registration:
The costs for registering a company in Guyana vary depending on the chosen company structure and other factors. Generally, the costs can range from GYD 50,000 to GYD 100,000 (approximately USD 240 to USD 480). The time-frame for registering a company in Guyana can take between 2 to 4 weeks, depending on the complexity of the application and the chosen company structure.
Additional Support and Resources:
The Guyana Office for Investment offers support and assistance to entrepreneurs through its various programs and initiatives, such as the Small Business Bureau and the Investment Portfolio. These programs provide resources, guidance, and training to help you navigate the various steps involved in establishing your business. Visit the Guyana Office for Investment website for more information: https://go-invest.gov.gy/