Guyana is the only English-speaking nation in South America. Investors contemplating the installation and operation of service enterprises will find this a distinct advantage. This is especially true for those involved in the growing IT and business process outsourcing (BPO) markets in North America, as well as businesses conducting operations to support the activities of large corporations worldwide, and those serving English-speaking tourism markets.
Guyana has one of the most competitive wage rates when compared to Latin America and the Caribbean. The labour force is well educated, with literacy estimated at close to 99 percent, and is regarded as trainable and hard working.
Openness to Investment
Both public and private sector leaders have declared Guyana ‘open for business’. Foreign investors receive the same treatment as domestic investors. Guyana provides an array of across-the-board investment incentives, including a flat business tax rate, tax holidays, waivers of customs duties, export tax allowances, and unrestricted repatriation of profits, as well as additional incentives in priority export sectors. Furthermore, Guyana’s investment promotion agency, GO-Invest, provides effective support to investors before, during and after an investment has been realized.