Gy Company Formation

---
name: gy-company-formation
description: "Source-cited draft: company formation & entity choice for Guyana (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review."
license: "AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content)"
metadata:
  source: openaccountants
  openaccountants_url: "https://www.openaccountants.com/skills/gy-company-formation"
  jurisdiction: "GY"
  tax_year: "2025"
  last_updated: "2026-07-13"
---

# Guyana Company Formation & Entity Choice

## Entity types and incorporation

- **Private limited company** — Most common entity; limits members' liability; restricts share transfers and member numbers  _(Companies Act 1991 (Cap 89:01) — https://mola.gov.gy/laws/Volume%2016%20Cap.%2083.01%20-%2089.011695667005.pdf)_
- **Public limited company** — May offer shares to the public; subject to additional disclosure and reporting  _(Companies Act 1991 (Cap 89:01) — https://mola.gov.gy/laws/Volume%2016%20Cap.%2083.01%20-%2089.011695667005.pdf)_
- **External (foreign branch) company** — A foreign company carrying on business in Guyana registers as an external company ((approx — confirm))  _(Companies Act 1991 (Cap 89:01) — https://www.expanship.com/gy/blog/types-of-companies-in-guyana.html)_
- **Sole trader / partnership** — Business names registered under the Business Names (Registration) Act; partnerships under partnership law ((approx — confirm))  _(Business Names (Registration) Act)_
- **Minimum share capital** — No statutory minimum share capital for a private company at incorporation  _(Companies Act 1991 (Cap 89:01) — https://www.expanship.com/gy/blog/incorporation-requirements-in-guyana)_
- **Minimum directors** — At least one director required ((approx — confirm))  _(Companies Act 1991 (Cap 89:01) — https://www.expanship.com/gy/blog/incorporation-requirements-in-guyana)_
- **Company secretary** — Every incorporated company must appoint a company secretary  _(Companies Act 1991 (Cap 89:01) — https://www.expanship.com/gy/blog/incorporation-requirements-in-guyana)_
- **Step 1 — Name reservation** — Select and reserve a unique company name with the Deeds and Commercial Registries Authority  _(Companies Act 1991 (Cap 89:01) — http://lawyerguyana.com/company.html)_
- **Step 2 — Declaration of Compliance** — A Guyanese attorney issues a Declaration of Compliance confirming the formation meets legal requirements  _(Companies Act 1991 (Cap 89:01) — http://lawyerguyana.com/company.html)_
- **Step 3 — File incorporation documents** — File Articles of Incorporation, Notice/Consent of Directors, Notice/Consent of Secretary, Notice of Registered Office, Declaration of Compliance and by-laws with the Registrar  _(Companies Act 1991 (Cap 89:01) — http://lawyerguyana.com/company.html)_
- **Step 4 — Tax registration** — Apply for a Taxpayer Identification Number (TIN) with the GRA (and VAT registration if over threshold)  _(Income Tax Act (Cap 81:01) / Value-Added Tax Act 2005 — https://www.expanship.com/gy/blog/incorporation-requirements-in-guyana)_
- **Beneficial ownership disclosure** — Companies must disclose ultimate beneficial owners under the anti-money-laundering framework ((approx — confirm))  _(Anti-Money Laundering and Countering the Financing of Terrorism Act — https://www.expanship.com/gy/blog/incorporation-requirements-in-guyana)_
- **Core annual compliance** — File annual return with the Registrar, hold AGM, maintain statutory records, and file the corporation tax return by 30 April ((approx — confirm))  _(Companies Act 1991 (Cap 89:01) / Corporation Tax Act (Cap 81:03) — https://taxsummaries.pwc.com/guyana/corporate/tax-administration)_
- **Typical timeline and cost** — Incorporation commonly completed within roughly 2-4 weeks; official registry fees plus attorney fees apply ((approx — confirm))  _(Companies Act 1991 (Cap 89:01) — https://prifinance.com/en/south-american-companies/guyana/)_

## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-07-13. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `gy-company-formation` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/gy-company-formation. If neither is available, confirm every figure against the official source pages cited above before relying on it.