Guyana’s Programmes for the Removal of Restrictions Inconsistent with Protocol II
UNCPC
Code
Services
Affected
Summary Description of Measure
Mode
Legal
Type
Time
Frame
3
L
Long Term
L
Long Term
512
Intangible assets
53251
Water
Distribution Work Permit
Services
The Authority has the exclusive right to
provide sewerage services and water
services in certain areas.
18(i) A licence is required for carrying on the
business of boring or drilling wells. 19(1)
Licence (licensed plumbers) needed to
construct, execute and repair, or perform
work in connection with the provision of
water and sewerage services to any
premises from water works and sewerage
works as the authority thinks fit.
3, 4
63300
Member’s Club
Work Permit.
3, 4
L
Long Term
64221
Taxi Services
Work Permit.
4
L
Long Term
64222
Car Rental
Work Permit
3, 4
L
Long Term
651
Shipping Services
Work Permit
3, 4
L
Long Term
66110
Air
Transport/Pilot Work Permit
Services
Nationals and non-nationals need special
permission to fly over interior areas.
3, 4
L
Short Term
(work permit)
N/A
Comments
Monopoly
6629
Postal and Telegraph
Work Permit
4
L
Long Term
67590
Driving Instruction
Work Permit
3, 4
L
Long Term
681
Postal Services
Work Permit
4
L
Long Term
Regulatory
69110
Electricity Generation
Work Permit.
Exclusive rights ( licences) can be granted
not exceeding 25 years; and the
headquarters must be in Guyana.
1, 2, 3, 4
Long Term
This sector is currently
a monopoly. Since all
countries will be treated
equally, it was agreed
that the restrictions
could be removed after
the 25 years period
stipulated.
71100
Banking and Other No financial Institution which is not
Financial Business
incorporated in Guyana, shall be granted or
shall hold a licence under this Act, unless its
capital is an amount equivalent to two and
one half billion dollars. (The amount
required for a company which is
incorporated in Guyana is $250 million.)
1, 3, 4
L
N/A
Regulatory
71200
Banking and Other No financial Institution which is not
Financial Business
incorporated in Guyana, shall be granted or
shall hold a licence under this Act, unless its
capital is an amount equivalent to two and
one half billion dollars. (The amount
required for a company which is
incorporated in Guyana is $250 million.)
A licence is required under the Financial
Institution Act and Commercial presence
needs to be established.
1, 3. 4
L
N/A
Regulatory
71200
Investment Banking
1, 4
L
Long Term
713
Pension
and Work Permit.
Insurance Services
1, 3, 4
L
Long Term
71332
Marine
Services
1, 2, 4
L
Long Term
Work Permit
A licence is required under the Financial
Institution Act and Commercial presence
needs to be established.
Insurance Work Permit.
71521
Securities Services
Work Permit.
(Part IV) A broker, a dealer, a trader, an
underwriter, and investment adviser, a
securities intermediary or a securities
company must register with the Guyana
Securities Council. The applicant must be a
resident of Guyana. A company must be
registered in Guyana. (Part V) Issuers and
securities must be registered except
government entities.
1, 3, 4
L
Medium
Term
821
Legal Services
Work Permit, except for CARICOM
nationals who are graduates of universities.
4
L
Long Term
82211
Auditing
An auditor appointed under sub-section (1)
or (2) shall be a member in good standing,
of the ICA of Guyana.
Work Permit is required.
10(i)(a)(1) requires citizenship or (b)(i)
residence in Guyana.
1, 2, 3, 4
L
Long Term
823
Tax Advisory
Work permit is needed.
Guyana citizenship or residency is needed.
1, 2, 3, 4
L
Medium
Term
831
Management
Consulting
Work Permit
1, 2, 3, 4
L
Medium
Term
83530
Land
Services
4
L
Long Term
85990
Auctioneer Services
Work Permit
3, 4
L
Long Term
85990
Franchising
Work Permit
3, 4
L
Long Term
86210
Mining
Work Permit.
Only Guyanese nationals are allowed in the
exploration phase of small and medium
3, 4
L
Long Term
Surveying Work Permit
scale mining.
Anyone can apply for a permit for mining on
a large scale for a fixed period.
The administrative practice is that foreigners
should bring their own capital so that they
do not have to borrow from the local market.
86419
Other
manufacturing
services
basic Work Permit.
4
L
Long Term
L
N/A
Long Term
for licence
restriction.
911
Customs Brokerage
To practise in Guyana a customs broker
must be certified and licensed by the
Guyana customs authority.
Only a Guyanese can be given a customs
licence.
3, 4
Education Services
Work Permit
3, 4
Private Schools
Work Permit
4
L
Medical Services
Work Permit.
Applicant must be registered to practice
1, 3, 4
L
Certification: regulatory.
92
Long Term
92900
Long Term
93121
93122
Medical Services
Work Permit.
Applicant must be a citizen or spouse of a
citizen of Guyana, or be a resident in
Guyana.
Applicants must be able to communicate
satisfactorily in English.
93123
Dentistry
Work permit.
Applicant must be a citizen or spouse of a
citizen of Guyana, or be a resident in
Guyana.
Applicants must be able to communicate
satisfactorily in English.
93191
Nursing
Work permit.
Long Term
Short Term
for work
permit
Medium term
N/A
4
3, 4
L
Short Term
for work
permit
Medium term
N/A
4
L
Medium
Regulatory.
Term
93193
Old Age Homes
Work Permit
4
L
Medium
Term
93199
Pharmaceutical
Services
Work permit
4
L
Medium
Term
941
Water
Distribution Work Permit
Services (Sewerage The Authority has the exclusive right to
Services)
provide sewerage services and water
services in certain areas.
18(i) A licence is required for carrying on the
business of boring or drilling wells. 19(1)
Licence (licensed plumbers) needed to
construct, execute and repair, or perform
work in connection with the provision of
water and sewerage services to any
premises from water works and sewerage
works as the authority thinks fit.
3, 4
L
Long Term
N/A
9612
Film Making
Work Permit
96310
Music, Singing and Work Permit
Entertaining
96990
Night
Work permit.
Club/Discotheque
Exception is made for first class licensed
Operators
hotels.
UNCPC Code: United Nations Central Product Classification
Mode 1:
Cross Border Trade Legal Type:
Mode 2:
Consumption Abroad
Mode 3:
Commercial Presence
Mode 4:
Movement of Natural Persons
Ministry of Foreign Trade & International Cooperation
4
L
Short Term
3, 4
L
Long Term
4
L
Long Term
L: Legislative
SL: Subsidiary
A: Administrative
C: Constitutional
Time Frame
Monopoly.
Long Term: 2005-12-31
Medium Term: 2004-12-31
Short Term: 2003-12-31
The attached is Guyana’s Programme for the Removal of Restrictions Inconsistent with the Provisions of the Revised Treaty establishing the Caribbean
Community including the Single Market & Economy.
This is the shortcut link for the Regional Programmes for the Removal of Restrictions:
http://www.caricom.org/archives/Programmes%20for%20Removal%20of%20Restrictions-Protocol%20II.pdf