How Does One Start A Business In Jamaica?

Author

Mary-Ann Natale, Lynn University

Date of Award

1996

Document Type

Thesis

Granting Institution

Lynn University

Degree Name

Master of Professional Studies (MPS)

Department

College of Business and Management

First Advisor

Arthur E. Snyder

Abstract

Objective:

To provide a company with a comprehensive overview of the governmental as well as social process as it relates to the formulation of a business entity in Jamaica.

Methodology:

1) Literature review of magazine articles and books.

Conclusions:

The results of this project gives a company an easily understandable and executable document, with which one could form and operate a business entity within the Jamaican governmental guidelines. This document also shows that the hospitality industry (i.e. Hotels/Restaurants) is quite a predominant field to be entering in at this time in Jamaica. Throughout this exposition one could conclude that in opening a business in Jamaica, a company may incur a tremendous amount of taxes (G.C.T., P.I.T, V.A.T). A MNC, Multinational Corporation, may also be exposed to certain clauses in the trade policy. There are no laws in Jamaica which dictate contract terms for agent distributors. There are, however, laws on imports , exports and fiee trade zones. In following the steps throughout this document , a company may have a foundation in how to enter into a business in Jamaica. The succeeding information must be filed after one month of establishing a branch operation in Jamaica: 1) certified copy of the charter, 2) articles of association, 3) a list of hectors of the company, 4) name and address of the resident in Jamaica who is authorized to accept notices served on the company.

Recommended Citation

Natale, M. (1996). How does one start a business in Jamaica? [Master's thesis, Lynn University]. SPIRAL. https://spiral.lynn.edu/etds/59