Guyanese Business Directory
Whether you are a new entrepreneur, or an established business owner, it is important to promote your company on the internet. You can do this through the Guyanese business directory. You can also make links with other businesses to build stronger relationships. The business directory also has information about the local economy, private sector investment and growth.
Top 10 visits to Guyanese ‘Who’s Who’ business directory in 2018
Earlier this year, Action Invest Caribbean launched a “Who’s Who in Guyana” business directory to celebrate their five years of service. The directory features 70 of Guyana’s best and brightest businesses in categories ranging from property and real estate to retail and finance. Its latest iteration is the largest of its kind to date. The directory aims to woo foreign companies with the promise of a plethora of local expertise.
The directory is a brainchild of Action Invest’s executive chairman Vishnu Doerga. It was a smart move on his part. The ‘Who’s Who’ business directory has an impressive list of accolades, including the honor of being named the official publication of the Guyana Chamber of Commerce. This is a huge deal in a small country. The award is a testament to the organization’s dedication to the local economy.
During the launch, GoInvest Chairperson Patricia Bacchus said the aforementioned directory is the harbinger of the Guyana economy. It is an indication of the country’s growing prosperity.
Growth of Guyana’s economy
Among South American countries, Guyana’s economy is one of the fastest growing. The growth of its economy has been largely due to government policies, as well as traditional sectors like mining and agriculture. The government has also managed to diversify the economy.
The government has also made significant investments to boost the non-oil sector. It has also been adamant about encouraging Guyanese living overseas to participate in the country’s development.
Despite the booming economy, Guyana is still a developing country. This is evident from its low GDP per capita. However, its GDP is projected to grow at a rate of 4.6 per cent in 2019, and 8.1 per cent in 2021.
According to the World Economic Outlook report of the International Monetary Fund (IMF), the growth of Guyana’s economy is expected to reach 26.2% in 2020 and a projected 8.1 per cent in 2021. Its oil and gas discoveries have also brought initial recognition to the country.
Private sector investment
Despite the relative lack of exports of natural resources, Guyana has recorded a trade deficit in recent years. However, the Government of Guyana is focusing on attracting inward investment.
Guyana’s constitution protects foreign ownership rights. It is a member of the Caribbean Community and the World Trade Organization. Guyana has bilateral investment treaties with China, Indonesia, and Switzerland. These agreements allow foreign firms to own business enterprises and engage in all forms of commerce. Guyana also has a dual registry system of property rights, which operates separately in each jurisdiction. This system has distinct requirements and enforcement mechanisms.
The Government of Guyana offers a range of incentives to foreign investors. These include exemptions from certain taxes and full repatriation of profits and dividends. However, the judicial system is perceived as slow and inefficient. Guyana has also failed to pass comprehensive reforms to its intellectual property rights (IPR) legislation.
Guyana is a member of the Caribbean Community (CARICOM), which is a regional organisation for free trade, economic integration, and political cooperation. It has also been a member of the World Trade Organization since 1995.
Creating links with businesses
Creating links with businesses in the guyana business directory is a great way to improve your business growth. You can find information on companies within your industry or sector. You can also learn about the latest business opportunities available in Guyana. You can find contact information for businesses in your industry, as well as company profiles and photographs of key players. The directory will be distributed at all conferences in Guyana, and you can also find it at the Offshore Technology Conference in Houston.
Creating links with businesses in the guyana directory is a great way to improve your own business, as well as to find new business opportunities. The directory will serve as an effective corporate information tool, and you can find contact information for companies in your industry, as well as company profiles. You can also learn about the latest business trends in Guyana.
The fourth edition of the Who’s Who in Guyana Business directory will be released in January, and you can find it at every conference and exhibition in Guyana. You can also find it at the Offshore Technology conference in Houston, as well as the Business Excellence Forum in the United States. The third edition of the directory was published in 2021 and it circulated over ten thousand copies.
