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    Open local bank accounts, follow the law – Embassy urges Chinese-owned firms in Guyana 

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    By INEWS

    Copyright inewsguyana

    Open local bank accounts, follow the law – Embassy urges Chinese-owned firms in Guyana 

    With regard to the meeting held by the Guyanese government recently on lawful business operations in Chinese-owned and Chinese-operated shops, the Chinese Embassy in Guyana issues the following reminders to the Chinese business community:

    1. Apply for business licenses, residence permits, and ID in accordance with the relevant law of Guyana; open bank accounts; and conduct business activities within the scope permitted by the relevant law of Guyana.

    2. Standardize daily business practices. Strictly control product quality, do not sell expired, unidentified-origin or counterfeit goods. Strictly adhere to relevant laws, do not engage in money laundering, smuggling, commercial fraud, or similar activities. Strictly comply with tax regulations; invoice customers accurately and pay taxes regularly; contribute social insurance for employees legally.

    3. Shoulder social responsibilities actively. Hire Guyanese employees legally, making positive contributions to local economic development.

    4. Cooperate fully with law enforcement inspections. Should you encounter unfair treatment, handle the situation calmly and rationally while gathering evidence to protect your legitimate rights afterward.

    5. Enhance safety awareness and strengthen risk prevention. Equip your premises with necessary security devices, minimize on-site cash reserves, and hire security guards if necessary. In emergencies, call the police immediately and seek assistance from the Chinese Embassy.