How To Register A Llc In Jamaica
The llc must include the word limited at the end of its company name if it is limited by guarantee or shares.
How to register a llc in jamaica. The min share capitalization is 0 this means you don t have any minimum share capital. File a balance sheet and a profit and loss statement with the companies office. Under the companies act 2004 it became possible for a company to reserve a name for up 90 days before it is actually registered. If you want to register your business as a partnership you must submit. The registration fee is 25 000 00.
The average time to incorporate is 3 weeks to put together the paperwork and file a llc in jm. The national identification card of each partner. Once registered an overseas company must file a balance sheet. Proof of residential address and trn are required for the applicant. Registering a company in jamaica that s based overseas requires several steps.
A new limited liability company would be incorporated in jamaica pursuant to the companies act 2004 and the principal shareholder of this newly incorporated limited liability company would be the international company. The companies office of jamaica provide a name search feature that allows you to search the availability of the business name. Otherwise the abbreviation of llc can be used. Closure a business may be closed and removed from the register by a notice in writing to the companies office of jamaica. The country code jm is for jamaica and the most common legal entity type in jamaica is a llc.
Registering an overseas company overseas companies may operate in jamaica but must be registered at the companies office of jamaica. A company secretary must also be appointed to complete the incorporation process of a jamaica llc. Registration of branch or overseas company in. Optional 3 passport size photographs of each partner signed by a justice of the peace. The act she continued mandated every firm having a place of business in jamaica and carrying on business under a name other than its corporate name to register in the manner directed by the act.
The registration fee for a partnership is ja 2 000 00. Any changes in the documents at the time of registration must be filed with the companies office of jamaica. Registration of business names certificates are valid for 3 years after this period the business names registration must be renewed. A completed bn2 form. If for example you incorporated by filing with florida s secretary of state you need someone from.