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Over 36,000 new businesses registered, 1,500 companies incorporated in 2025 – AG
…says Companies Act under review
(Kaieteur News) – The Deeds and Commercial Registry recorded 36,251 new business registrations and 1,516 company incorporations in 2025, according to Attorney General and Minister of Legal Affairs, Anil Nandlall, SC.
The Attorney General disclosed the figures during his weekly programme, ‘Issues in the News’, noting that the data reflects rapid growth in the country’s commercial sector. He added that several improvements, including legislative reforms, are being pursued to modernise Guyana’s corporate environment.
Attorney General and Minister of Legal Affairs, Anil Nandlall, SC.
Nandlall explained that the surge in business activity is tied to the broader expansion of the national economy. Addressing business registrations, he highlighted the fast pace at which new enterprises were established throughout the year.
“When broken down, that amounts to an average of more than 3,021 new businesses registered per month, an average 755 businesses per week, a five-day week, 151 businesses per day being registered,” he said.
Turning to limited liability companies, Nandlall noted that a similarly rapid pace is being recorded. “In 2025, 1516 new companies were incorporated. That is 126 companies incorporated per month, 31 companies incorporated per week, a five-day working week, six companies incorporated per day,” Nandlall added.
While describing the statistics as favourable, the Attorney General stressed that changes must be made in the corporate environment of the country. “These statistics demonstrate the confidence that people have in the economy of our country…[that] Guyanese have, and local and foreign investors have in the economy of this country, and it is against that backdrop that we have to bring changes to the corporate environment of our country, and the President and the Vice President and the Minister of Finance have been speaking on these matters,” he said.
Nandlall further revealed that the Companies Act, which was enacted in 1991, is currently under review. He noted that the legislation is outdated given the expansion of Guyana’s corporate sector over the past three decades.
“Thirty- five years ago, the Guyana corporate sector was radically different than it is now. The regulatory framework that governed a 1991 commercial economy in Guyana can’t be the same framework to govern corporate Guyana in 2025,” Nandlall explained.
He also announced plans for new legislative reforms, including stronger protections for minority shareholders, provisions to pierce the corporate veil in cases of fraudulent conduct, and more robust beneficial ownership requirements. Additionally, the legal framework governing the stock exchange will be reviewed this year.
“We have to make the commercial environment more sophisticated, because it already is,” Nandlall said.
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