Flag of Guyana

"One People, One Nation, One Destiny"

ERP software built for the Americas.
Crafted with pride for Guyana.

Native GRA compliance · VAT 14% · NIS · GYD/USD payroll · IFRS · Made in Panama

Endorsed by: GRA (Guyana Revenue Authority) VAT 14% NIS Guyana Income Tax IFRS GYD / USD Withholding Tax Corporation Tax 25%

The Land of Many Waters

Guyana: the world's fastest-growing economy, powered by oil

Guyana has emerged as the most surprising economic phenomenon in the Western Hemisphere. With the discovery of the Stabroek block in 2015, this nation of 800,000 people on the northern coast of South America became the world's largest oil producer per capita -- its GDP growing over 60% in a single year. Today, Guyana attracts investment from ExxonMobil, Hess, Shell, and dozens of global oil services firms.

Beyond oil, Guyana is the only English-speaking nation in South America, a founding member of CARICOM, and home to the Guiana Shield rainforest -- one of the most biodiverse on the planet. Georgetown, the capital, is rapidly expanding as a financial and logistics hub, with hotels, airport, and port infrastructure under accelerated construction.

cifraHQ accompanies Guyana in this historic moment: from financial management for oil companies and contractors to retail, construction, and agribusiness -- all with native Guyana Revenue Authority compliance and the dual GYD/USD accounting this transforming economy demands.

$26B+
Projected GDP 2025 (USD)
800K
Population
60%+
Record annual GDP growth
#1
Oil GDP per capita, hemisphere
10
Administrative regions
CARICOM
Founding member
GYD/USD
Dual currency economy
IFRS
Mandatory accounting framework

National Transformation

The megaprojects reshaping Guyana

A nation under rapid construction -- cifraHQ supports the contractors and companies making it happen.

Stabroek Block (ExxonMobil/Hess/CNOOC)

Over 11 billion barrels of reserves; 650,000 b/d production in continuous ramp-up.

Refinery & Gas-to-Shore Plant

National energy infrastructure to convert associated gas into electricity and fertilizers.

Ogle International Airport (expansion)

Modernization for regional flights and cargo, complementing Georgetown's CJIA.

East Bank Highway

Logistics corridor from Georgetown to the east coast, key for petroleum supply transport.

Berbice Deep-Water Port

Deep-water port for crude exports and offshore logistics support.

50/50 Renewable Energy Plan

Target: 50% of electricity from renewables (hydro, solar) by 2030.

New Georgetown (planned city)

New city south of Georgetown with residential, commercial, and government zones.

Rice & Sugar Sector Modernization

Investment in agricultural technology for Guyana's historic economic pillars.

New Demerara Bridge

New bridge over the Demerara River to ease traffic and connect productive regions.

Tax & Labor Compliance

All of Guyana's compliance, built in

GRA (Guyana Revenue Authority) VAT 14% Income Tax (33.33% individual) Corporation Tax 25% Withholding Tax NIS (National Insurance Scheme) Employer NIS 8.4% Employee NIS 5.6% Personal Allowance $780,000 GYD/yr Petroleum Taxes Act Annual Vacation 14 days Maternity Leave 13 weeks

Our Philosophy

Made in Panama.
For Guyana and the Americas.

cifraHQ was born in Panama -- the crossroads of the Americas -- with the conviction that every nation in the hemisphere deserves an ERP that understands its language, its laws, and its scale. Guyana, the only English-speaking nation in South America, is experiencing the hemisphere's greatest economic boom: oil investments, accelerating infrastructure, and unprecedented demand for robust financial systems.

We built cifraHQ so that a Stabroek contractor, a Demerara agricultural company, or a Georgetown distributor can manage their finances with the precision the GRA demands -- in GYD, in USD, or both simultaneously.

"A nation that extracts millions of barrels a day also deserves software that understands its complexity. -- The cifraHQ philosophy"
Made in Panama

Designed at the hub of the Americas, with regional DNA and local compliance for every country where we operate.

Ready for the oil boom

Financial management for contractors, suppliers, and service companies in Guyana's Oil & Gas sector.

Native GYD/USD dual currency

Accounting and payroll in GYD and USD simultaneously, with automatic conversion and reports in both currencies.

GRA Compliance

cifraHQ's tax pillars for Guyana

VAT 14% -- Invoicing & Returns

Automatic invoice generation with 14% VAT, periodic VAT Return reports, and GRA reconciliation.

Corporation Tax 25% + Withholding

Corporate tax calculation, source withholdings (interest, dividends, services), and GRA settlements.

IFRS -- International Accounting

Full IFRS financial statements: Balance Sheet, P&L, Cash Flow -- ready for auditors and international banks.

Guyana Payroll

Complete payroll for Guyana

From NIS to personal income tax, cifraHQ calculates, withholds, and reports every component of Guyanese payroll -- in GYD or USD depending on the employee's contract.

Employee NIS 5.6% -- national social insurance contribution
Employer NIS 8.4% -- employer NIS contribution
Income Tax 33.33% (on income exceeding personal allowance $780,000 GYD/yr)
Annual Leave -- 14 days minimum by law
Maternity Leave -- 13 weeks with NIS support
Severance Pay -- calculation by years of service
GYD/USD payroll -- dual currency support for international contracts
Bank disbursement -- ACH/transfer files for Demerara Bank, Republic Bank
NIS
National Insurance Scheme -- employee 5.6% + employer 8.4%
33.33%
Personal Income Tax (on income exceeding allowance)
$780K GYD
Annual personal income tax allowance
GYD/USD
Native dual currency for payroll and accounting

Sectors

Industries cifraHQ serves in Guyana

Oil & Gas / Contractors

EPC, offshore services, Stabroek supplies

Construction & Infrastructure

Road, port, and housing projects

Agribusiness (Rice/Sugar)

Rice and sugar exporters from the Demerara

Retail & Distribution

Stores and distributors in Georgetown and regions

Hospitality & Tourism

Hotels, ecolodges, and interior operators

Logistics & Transport

Fleet, routes, and supply transport costs

Mining (Gold/Diamonds)

Artisanal and industrial mining companies

Professional Services

Legal, accounting firms, and consulting

Why cifraHQ?

The ERP platform built for Guyana

Native GYD/USD multi-currency

Simultaneous accounting and payroll in Guyanese dollars and US dollars -- essential for the oil economy.

Full GRA compliance

VAT 14%, Corporation Tax, Withholding Tax, NIS -- all calculated and reported per Guyana Revenue Authority standards.

Multi-company & multi-project

Perfect for conglomerates and contractors with multiple contracts and legal entities operating simultaneously.

IFRS & international reporting

Financial statements ready for international investors, banks, and auditors required by oil majors.

Local banking integrations

Republic Bank, Demerara Bank, Citizens Bank -- bank disbursement files for payroll and supplier payments.

Bilingual support (English/Spanish)

Bilingual support team from Panama -- Guyana is the only English-speaking nation in South America, and we know it.

Frequently Asked Questions

cifraHQ ERP in Guyana

Yes. cifraHQ supports Guyana VAT 14%, filings to the Guyana Revenue Authority (GRA), National Insurance Scheme (NIS), and full payroll in Guyanese dollars (GYD).

cifraHQ supports Corporate Tax 25%/40% (oil under PSA), royalties, upstream project management, multi-currency GYD/USD -- essential for ExxonMobil, Hess, and SLB suppliers active in the Stabroek block.

With multi-entity consolidation, multi-warehouse inventory, procurement management, and full IFRS compliance, cifraHQ scales with fast-growing Guyanese companies serving the energy sector and the rapid expansion of Georgetown's business community.

"Built for the Americas. Made for Guyana."

Made in Panama · GRA Compliance · GYD/USD Dual Currency · IFRS

Get Started Today

Ready to take your Guyanese business to the next level?

Request a personalized demo and discover how cifraHQ can transform your company's financial management in Guyana.

More countries

Neighboring countries

cifraHQ is available across the Americas. Explore the local-compliance pages for nearby markets.