Assistance to Investors
in Tourism and Manufacturing activities

 

Preparation of Investment Development Agreements

 

Requirements

Prospective Investors requiring tariff/duty concessions for imports of materials, machinery and equipment for use in their business operations are asked to submit the following information to Commerce Department of the Ministry of Tourism, Industry and Commerce:

1. Covering letter requesting the concession.
2. National Insurance Scheme Compliance(N.I.S.)
3. Internal Revenue / Tax Compliance
4. Business Plan
5. Certificate of Business Registration
6. A list of items that will be imported within the year, valuation for these items should also be submitted.

Process

Once the above mentioned has been supplied, the Ministry will draft the Investment Development Agreement on behalf of the government to be signed by the Investor and the Minister of Finance. After the Investor signs the Agreement, it is then forwarded to the Guyana Revenue Authority for review of the application, once GRA approves the agreement is sent to the Minister of Finance who signs it on behalf of the Government of Guyana.

A signed copy is then returned to the investor who will then submit the invoices of the requested items to GRA for the processing of concessions and clearing of items imported.

Investing in Guyana The Government of Guyana encourages investment in Guyana through a generous package of incentices including Customs Duty and Tax concessions. More information is provided on the Guyana Office for Investment (GO-Invest) website.

Note

• The Ministry of Tourism, Industry and Commerce facilitates only Investment Development Agreements for companies involved in Tourism and Manufacturing Activities.
• Investors are advised to submit their requests at least one month before their shipments are due to arrive in Guyana.