Guide to Operate Business in Jamaica
Each person who intends to go into business in Jamaica must
decide on the legal structure best suited to his or her needs. The legal
structure of a commercial enterprise defines the legal relationships within the
enterprise as well as its relationship to its environment. In choosing the best
structure, you should consider your personality, the purpose of the enterprise,
its size and tax, management and statutory requirements for the several types
of commercial enterprises there are.
There are two basic structures to choose between:
• A
Company - a commercial enterprise registered or
incorporated under the Companies Act.
• A
Business - a sole trader or partnership registered under the
Business Names Act.
The following documents must be submitted:
1. The Articles of Incorporation (Form 1A or 1B)
which will contains the following information:
(a) The Name of the Company, which must include “Limited” as
the last word of the name in the case of a Company limited by shares or by
guarantee.
(b) The registered address of the company which must be
situated in Jamaica;
(c) In the case of a Company having a share capital, the
classes of shares, and the maximum number of shares the Company is authorized
to issue;
(d) Restrictions, if any, on share transfers;
(e) Minimum and/or maximum number of Directors;
(f) Any restrictions on the business that the Company may
carry on.
The Articles must be stamped at the Stamp Duty and Transfer
Tax Department (111 Harbour Street, Kingston)
2. A Declaration of Compliance (Form 2)
This is a Declaration by an Attorney-at- law or Chartered
Secretary engaged in the formation of the company or a Director or Secretary
named in the Articles of Incorporation, stating that all the requirements of
the Companies Act 2004 were adhered to when the Articles of Incorporation were
being prepared.
It may be signed by
(a) A Director or Secretary of the Company
(b) An Attorney-at-Law or Chartered Secretary engaged in the
formation of the Company.
and must be witnessed by a Justice of the Peace
3. A Registered Office Notice (Form 17)
This document records the Registered or Legal Address of the
Company.
These documents are then examined to ensure that they are
fully and accurately completed. If the documents are in order, then a
Certificate of Incorporation is issued within five working days.
Contact us for assistance in Incorporating your Business in Jamaica
UHY Dawgen:TEL:18769084007Email:info@uhy-ja.com Website:uhy-ja.com
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