Guyana
How Guyana performs
Tax
Average taxes. Guyana sits mid-table on tax, 71st of 123. Expect a typical tax bill: neither a reason to move here nor a reason to stay away. Personal income tax 25-35%, corporate tax 25-45%, VAT 14%.
Source: Heritage Foundation, Index of Economic Freedom (Tax Burden sub-score)
Safety
Some concerns. Guyana is less peaceful than most countries in the index (83rd of 117). Look closely at the area you would live in.
Source: Institute for Economics and Peace, Global Peace Index
Cost of Living
Fairly expensive. Everyday life costs more here than in most countries we cover (88th of 118). Budget for it.
Source: Numbeo Cost of Living Index
Education
Weak education. Guyana has one of the weakest education systems in the index, 102nd of 120. Families will likely need international or private schooling.
Source: UNDP & MBRF, Global Knowledge Index
Every figure is published by the institution named against it. We do not adjust, model or estimate the underlying values. See the formulas.
The detail behind the scores
Taxation
| Corporate income tax | 25-45% Applicable tax rate varies based on the nature of the business |
|---|---|
| Personal income tax | 25-35% Applicable tax rate varies based on the amount of income earned |
| Standard VAT | 14% |
Rates change without notice. Confirm with the relevant tax authority before acting.
Naturalization Requirements and Immigration Pathway
- Residence for naturalization
- 5 years
- Language requirement
- No
- Investment Immigration Pathway
- Guyana Business Visa
- Official language
- English
- Dual citizenship
- Allows dual citizenship
Peru
Canada
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Guatemala