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HOW TO REGISTER A COMPANY IN JAMAICA 

In this article, we will talk about “HOW TO REGISTER A COMPANY IN JAMAICA”. Previously, we discussed “How to register a company in USA as a foreigner”

How to register a company in Jamaica

The government of Jamaica has recognized that entrepreneurship is a great way to boost the country’s economy and company registration process has become an easy task. The procedure for how to register a company or business in Jamaica is straightforward including registering a company, and it is reflected in the nation’s positioning for beginning a business compared with the procedures of different nations on the world.

Types of Companies in Jamaica

There are of course different types of companies and business involved in the registration process, we have outlined them with details.

To register as a Sole Proprietorship

A sole proprietorship is the easiest and speediest of the various choices of company registrations. Since it comprises one proprietor it will be anything but easy to round out the vital steps and submit them for final approval.

Steps

Contact Companies Office of Jamaica to see whether your proposed business name can be utilized. It is very essential to save lots of stress later.

Fill in The Business Registration Form (BRF 1) “Super Form”

You will require a record confirming your present place of address. It can be your international passport, utility bill or driver’s license.

Your Taxpayer registration number (TRN) will be required for all exchanges and transactions.

A one-time registration fee of $2500 is charged.

To register as a Partnership

Steps

Registration as a partnership is a little complex in contrast with a sole proprietor and relying upon the measure of partners in the business. The cost is still generally little, and the procedure can be finished in a few days.

Contact Companies Office of Jamaica to see whether your proposed business name can be utilized.

Ensure to fill the Business Registration Form (BRF 1) “Super Form.”

A record is confirming the present address of the considered number of partners in the business. It can typically be your utility bill, international passport, or driver’s license.

The TRN of all considered partners will be required for all the transactions.

Another requirement that might be needed is professional Certification.

A registration fee of $2,500 is charged for some 2 to 5 partners, while $5,000 goes for 6 to 20 partners.

To register as a Company

Steps

It is also a little complex compared to the other two mentioned above.

Fill out and submit your company name search and the name reservation form, which is the (form 6) to reserve your company desired name.

Ensure to fill the Business Registration Form (BRF 1) “Super Form.”

This “Super Form” needs to be signed by every one of the Directors and the individual with a declaration of the exactness of the data submitted on the form.

Articles of Incorporation (Form 1A for Companies that will be making a profit and Form 1B for Non-Profit Companies) must be submitted for the organizations that are limited by shares

An officially issued recognizable proof of the principal director and the individual who will be declaring the accuracy of the form needs to be present at the Companies Office.

The fee charged to register a company is $24,000 with an extra charge of $500 when the final documents are stamped at the Companies Office

In the process of filling out your company registration and you find out you have made some mistakes don’t hesitate to contact the Company Office and of course they will be very willing to help and get you back on track. Regardless of which you are going for, the steps involved are quite easy to comprehend.

you can also check about “How to register a business in Kenya online”

 

Summary
HOW TO REGISTER A COMPANY IN JAMAICA 
Article Name
HOW TO REGISTER A COMPANY IN JAMAICA 
Description
The government of Jamaica has recognized that entrepreneurship is a great way to boost the country’s economy and company registration process has become an easy task. The procedure for how to register a company or business in Jamaica is straightforward including registering a company.
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Publisher Name
howtoregisteracompany.com

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