Investment Act 2004
In forceInvestment Act 2004 (Act No. 1 of 2004)
Applies to both
The Investment Act 2004, assented to by President Bharrat Jagdeo on 31 March 2004, sets Guyana's general framework for encouraging and protecting national, foreign, and joint-venture investment across all fields of lawful economic activity, without naming information technology or data infrastructure as a distinct priority sector.
Section 5 lets investors invest in and operate enterprises in any lawful field, subject to sectors the Minister may close by affirmative resolution of the National Assembly, and section 6 bars investment that is prejudicial to national security, detrimental to the environment or public health, or contrary to Guyana's laws.
Section 36 channels the Act's fiscal-incentive machinery through the Income Tax (In Aid of Industry) Act, providing that investment priority categories are detailed in Priority Lists set out in section 2 of that Act, and section 37 requires the Government to publish in the Gazette information on all fiscal incentives granted under it.
Section 29 binds an investor to protect the natural environment as mandated by the Environmental Protection Act and to protect worker and public health and safety, and section 30 binds an investor to comply with the standards of the Guyana National Bureau of Standards on imported products and equipment.
Section 39 assigns the Guyana Office for Investment (Go-Invest), established under the Public Corporations Act 1988, the role of facilitating and promoting investment and assisting investors with incentive applications. The sources located for this Act state its assent date but do not carry a separate commencement or Gazette-publication date.
Source: Full text of law