Guyana’s rapidly expanding telecommunications sector has seen a wide range of incentives being made available to investors in Information and Communications Technology (ICT).
Vital equipment necessary for business ventures in the ICT sector are zero-rated under the country’s Value-Added Tax (VAT) regime. This serves to ensure that the start-up costs and maintenance of equipment are kept at a minimum, allowing investors to divert resources to other areas of interest.
In this regard, the Guyana Revenue Authority indicates that computers, monitors, printers, keyboards and mouse as well as all internal components of the central processing unit are zero-rated.
A source at the Guyana Office for Investment (Go-Invest) said that considerable interest has been shown in the operation of call centers, with several such establishments already operating in the country. Guyana’s geographic location and primary language make it ideal for such operations.
This interest has been heightened recently with the arrival of high-speed internet access.
Investors are also showing interest in other areas of ICT which is expected to further propel the growth and development of this sector over the next five years.