Guyana - Well Positioned for Future Growth and Success - 8

The country has
had continuous

growth

The Qualfon example

Assistance for foreign companies looking to locate to or invest
in Guyana is provided by GO-Invest, which acts as primary
contact and can liaise with government departments, while
also advising on incentives and regulations.
"In terms of the ICT sector, Guyana offers a ten-year tax
holiday, says Uchenna Gibson, Export Promotion Officer
"
at GO-Invest. "There is a review after five years to assess
performance, and then there is a renewal for another five
years. Running a BPO operation in Guyana is made easier,
"
too, because the Guyanese dollar is tied directly to the US
dollar, which has resulted in no currency fluctuation in 12
years. As well, the country has had continuous growth of
4% for eight years, with private sector credit increasing and
inflation very much under control.
"We have adequate external reserves and our debt is within
sustainable norms, says Dr. Ashni Kumar Singh, Guyana's
"
Minister of Finance. "Our exchange rate is steady and our
interest rates are low and competitive.
"
Added to this solid backdrop is fiber connectivity with VPN
redundancy that provides high uptime.
There is also the fact that Guyana's time zone is Greenwich Mean
Time (GMT) -4. This aligns well with the eastern United States,
which at standard time is one hour earlier, at GMT -5.

"The wage scale in Guyana is more competitive than in
India or the Philippines right now"
Guyana: Well Positioned for Future Growth and Success

Qualfon
It is the largest private employer
Guyana enables us to draw from a larger labor pool

Watch:
Walking the floor - Qualfon in Guyana

8

Guyana - Well Positioned for Future Growth and Success

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