How To Register Small Business In Jamaica

Once steps 1 4 are complete it s time to register your business with the companies office of jamaica and the tax administration jamaica.

How to register small business in jamaica. Registering a company in jamaica the registration of business names act in jamaica requires your new business file paperwork with the government s companies office of jamaica. There are several advantages to registering your business. Once registered your business is uploaded to the coj s website. Optional 3 passport size photographs of each partner signed by a justice of the peace. To register you must provide.

The registration fee for a partnership is ja 2 000 00. A completed bn2 form. Proof of residential address and trn are required for the applicant. Depending on the nature of the business you may need to protect your intellectual property by registering trademarks patents or copyrights. Here are the steps to register your business legally in jamaica.

Step 5 business registration. The national identification card of each partner. The two basic options to choose from are. You can register your new venture as either a business or a company. A letter that requests registration to form a co operative business statement of the nature of the business.

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. If you want to register your business as a partnership you must submit. If you want to form a co operative you must register with the department of co operatives and friendly societies. Firstly for both legal structures you have to complete and submit a companies name search and name reservation form. The establishment of new businesses means job creation which then leads to more people having disposable income and buying power.

Your options include sole trader partnership company or co operative. Before registering with the companies of jamaica however you must decide the type of legal structure your business will take. Before going into business in jamaica it is important to determine the type of legal structure best suited to your needs. How to register your business in jamaica here s what you ll need. A co operative must have a minimum of 10 persons.