Franchise Opportunities in Guyana
Popular franchise directions in Guyana
Attractiveness of Guyana for the development of franchise business
Guyana is situated in Northern South America and borders Suriname and Venezuela. The population of the country is not numerous; 782,225 people, who mostly live in rural areas ( only 28.8% of citizens are urban). The largest city, Georgetown (235,017) is the capital as well as the commercial and manufacturing hub of the country.
The economy of the country is based around sugar and rice industries of agriculture and mining. The main export destination for products made in Guyana are Canada, the United States, the United Kingdom, the Netherlands and Portugal.
President David Granger once noted that Guyana is welcoming for businesses in all sectors including agriculture, mining, and eco-tourism. According to Guyanese law, foreign companies are generally treated the same as domestic companies. Specific requirements to register a business doesn`t depend on either a company is foreign or not.
Franchise businesses are not very popular in the country so far, however, some franchise participants have already entered the market and are successfully operating their businesses. The majority of them deal with the petroleum retail and distribution sector. Quite a lot of franchise fast food outlets such as KFC, Pizza Hut, and Popeye’s Chicken have already gained the loyalty of Guyanese.
The most promising franchise opportunities in Guyana are in Hospitality, F&B, Banks and Financial Services, Pharmaceutical, Real estate, Medical, and Retail businesses.
There are high investment business opportunities, as well as cheap franchises in Guyana presented for review, the choice is yours.
Indicators of Business Market in Guyana
Currency: Guyanese dollar (GYD, G$)
Education Index (2015): 0,943
Official languages: English
Per capita GDP (PPP): $8,525
Population: 0,77 mln
Total GDP (PPP): $7 billion
Ease of Doing Business Ranking, Rank: 134
Human Development Index (HDI): 0,654