As many local companies aspire to play a role in Guyana’s emerging petroleum industry, whether as a supplier or a partner in development, it is important to adhere to tax and labour laws, statutory obligations and industry regulations. This was the point made by Chairperson of the Guyana Office for Investment (GO-Invest), Patricia Bacchus as she addressed a packed room of business representatives at the Georgetown Chamber of Commerce and Industry’s (GCCI) Business Development Forum, held recently in Georgetown.

“Your compliance status will become more and more relevant in doing business,” Bacchus, the guest speaker of the event said.

She further explained that full disclosures on compliance will be required from businesses which are seeking to obtain licences from Government agencies, secure new markets or obtain financing. She added that it will be important to show that the business has filed taxes and is operating responsibly.