Starting A Business In Jamaica As A Foreigner

Starting a business in jamaica as a foreigner. The doing business in jamaica guide is a good starting place when deciding to do business in jamaica. The registration of business names act rbna every trader having a place of business in jamaica is required to be registered under rbna. The shipping activities that take place in jamaica are enormous as it serves as a stop for shipping heading through the panama. There are two ways to effect registration of a business name.

It offers information on opportunities challenges and practical advice to help you make the. Jamaicaâ s business name act of 1934 makes it illegal to start a business without first registering it with companies of jamaica which was formerly called the office of the registrar of companies. Late renewal carries a late charge of 1 000. Before starting a business in jamaica you or your company s representative must apply to the jamaican ministry of labor for a permit allowing you to work there.

The establishment of new businesses means job creation which then leads to more people having disposable income and buying power. The third way to migrate to jamaica is to open your own business or purchase an existing one. Starting a new business in negril as a foreigner do s dont s and general advise hiya i was in ja last in march going back again in september needless to say i loved it. What are the procedures for starting a business in jamaica.

Alternatively foreign companies can also incorporate a plc or alternatively register a branch office or a representative office. Healy consultants will assist our clients with jamaica business setup. Business name certificates are valid for 3 years. If you have been thinking about starting your own business and didn t know where to start this tip thursday blog is for you as we focus on the steps needed to properly establish a business in jamaica.

Business entities in jamaica. 1 as a sole trader or 2 as a partnership. This is known in jamaica as the one man shop. There are several ways of doing business in jamaica the most common being the setting up of an jamaican llc.

If you are interested in starting a business in jamaica there are a number of legal requirements that must be followed. Next apply to the companies office of jamaica to register your business whether as a sole proprietorship a partnership or a company as corporations are called in jamaica. And then on a recent trip to malta i got an idea for a business that i d like to set up in negril. Jamaica no doubt is known as a logistical hub this is because of the role it plays in servicing the rest of the caribbean.

One other business you want to consider starting is the logistics business. Business names must be renewed every three years.