JAMAICA...A BUSINESS DESTINATION
With its
mix of paradise and enterprise, Jamaica, is the pearl of the Caribbean. Jamaica
has long been recognised worldwide as a country of breathtaking natural beauty
with a vibrant, creative and hospitable people.
The
island is increasingly becoming a lucrative business destination. A literal
goldmine of investment opportunities, Jamaica is fast becoming the Caribbean’s
investment headquarters because business people are realizing that Jamaica is
indeed a great place to do business!
TOURISM INCENTIVES
Hotels
(Incentives) Act
The
Hotels (Incentives) Act provides income tax relief and import duty concessions
for up to ten years for approved hotel enterprises, and 15 years for
convention-type hotels having an aggregate number of not less than 350 bedrooms
and facilities for the holding of conferences. Approved hotel enterprises must
have ten or more bedrooms with facilities for meals and accommodation for
transient guests, including tourists.
Resort
Cottages (Incentives) Act
The
Resort Cottages (Incentives) Act provides recognized resort cottages with
income tax relief for up to seven years and import duty concessions on imported
building materials and furnishings. A recognized resort cottage must have at
least two furnished bedrooms, a furnished living room, bathroom facilities and
facilities for the preparation and consumption of meals, and must be used or be
intended to be used for the accommodation of transient guests, including
tourists for reward. Income tax relief and the import duty concessions apply
only to resort cottages having an aggregate number of not less than ten
bedrooms, situated in the same area and owned by the same person. The Act
offers income tax relief and duty concessions for up to 15 years for convention-type
hotels, that is, hotels with at least 350 bedrooms, and ten years for regular
hotels. For a hotel to benefit under this Act, it must contain not less than
ten bedrooms and facilities for meals and the accommodation of transient
guests, including tourists.
Attractions
Incentive Regulation
The
Government of Jamaica has instituted an attractions incentive to stimulate
growth in the attractions industry. Benefits under the regulation include the
importation of specific items free of general consumption tax and customs duty
for five years and a five-year exemption from corporate taxes for investors.
For information on how UHY Dawgen can assist you
in setting up your operation in Jamaica contact us. UHY Dawgen operates from 4
strategic locations in Jamaica.There are five easy ways to contact us. Simply
call, email, fax, write or just stop by.
Unit
34, Winchester Business Centre, 15 Hope Road,
Kingston
10, Jamaica, West Indies
Telephone:876-9084007/7542074/
9064827
(International No.USA)
937-7-DAWGEN(937-7329436)
Fax:7540380
Email:info@dawgen.com
BRANCHES
§ Montego Bay,St. James
Shop
EU6, Whitter Village, Ironshore, St. James
Telephone:
876-876-9533793/953-8486 Fax: 953-3058/7540380
Email:infobranch@dawgen.com
§
Ocho Rios, St.Ann
Shop
C1, 101Main Street, Ocho Rios, St.Ann
Telephone:
974-5373/9748772 Fax: 754-0380
Email:infobranch@dawgen.com
§ Mandeville, Manchester
Shop L1 & K1,Grove Court Plaza, 16 Park
Crescent, Mandeville, Manchester
Telephone:
962-6369 Fax: 754-0380 Email:infobranch@dawgen.com
UHY
Dawgen is a member of UHY, an international association of independent
accounting and consulting firms, whose organising body is Urbach Hacker Young
International Limited, a UK company. Each member of UHY is a separate and
independent firm. The services described herein are provided by UHY Dawgen and
not by Urbach Hacker Young International Limited or any other member of UHY. Neither Urbach Hacker Young International
Limited nor any member of UHY has any liability for services provided by other
members
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