GO-INVEST sensitises potential investors on its usefulness

Financial MarketGeorgetown: The Guyana Office for Investment (GO-INVEST) has been in existence for almost twenty years, but the knowledge of its capabilities is still unknown to the populace.

A recent awareness programme was held in New Amsterdam to provide intended investors with the necessary steps needed to start business operations in Guyana.

Facilitator and Investment Officer Mr. Sean Doris was quick to add that GO-INVEST was not a financial institution, but instead provides investors with a comprehensive summary of steps necessary to commence business operations, even as it assists stakeholders through the process.

Doris noted that another signal benefit is that the organisation would assist investors who have made honest declarations to obtain exemptions from paying customs, duties and taxes on machinery, equipment and vehicles.

At this recent outreach, held at the Berbice Chamber Boardroom at Chapel Street in New Amsterdam, some participants opined that Go-Invest needed to broaden its horizon to assist businesses which are at the brink of foreclosure. They said that commercial banks are just ready to grab the businesses at the earliest opportunity’.

Doris, however, noted that the investors should use both their influence and affluence to determine how banking institutions operate, even as he noted that they must be organized and must practice good business ethics if they want to access the larger Caribbean and World markets.