Guyana - Due DiligenceGUY - Due Diligence
U.S. investors planning to open a business, sell or buy property, or invest in a business operating in Guyana should seek the services of a reputable lawyer with knowledge of the Guyanese market and government to assist with filings, registrations, licenses, and legal paperwork. Before entering into any agreement with a local business partner, U.S. investors should conduct thorough background checks and research the financial, legal, and physical condition of assets or properties under consideration.
The Guyana Private Sector Commission (PSC) can provide general information, such as the names of registered company owners and business resources.
The Embassy has received complaints in the past from U.S. investors and businesses, who have expressed difficulties with collecting payments from local customers. Prospective investors should thoroughly investigate all local partners. While the U.S. Embassy cannot conduct background checks on local firms, the Embassy’s Economic and Commercial Section can seek access to information for and provide guidance to potential investors.
The Embassy’s Economic and Commercial Section can assist in providing (if available) an International Company Profile (ICP) on the prospective local agent or importer. The ICP is a commercial and financial report on a local company’s background.