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. Here are some cases in which the companies office of jamaica may refuse your proposed business name. You can register your new venture as either a business or a company. Depending on the nature of the business you may need to protect your intellectual property by registering trademarks patents or copyrights. A business in jamaica is a sole proprietorship a sole trader in jamaican terms or a partnership. Your options include sole trader partnership company or co operative.

These are statutory obligations. If you want to form a co operative you must register with the department of co operatives and friendly societies. Before going into business in jamaica it is important to determine the type of legal structure best suited to your needs. A completed bn2 form. This allows for example individuals and firms to check your company documents or business name online and make sure you are a legal business in order to offer you credit or do business with you.

Here are the steps to register your business legally in jamaica. Once registered your business is uploaded to the coj s website. How to register your business in jamaica here s what you ll need. There are several advantages to registering your business. The registration fee for a partnership is ja 2 000 00.

The establishment of new businesses means job creation which then leads to more people having disposable income and buying power. Before registering with the companies of jamaica however you must decide the type of legal structure your business will take. Proof of residential address and trn are required for the applicant. Optional 3 passport size photographs of each partner signed by a justice of the peace. A letter that requests registration to form a co operative business statement of the nature of the business.

A co operative must have a minimum of 10 persons. The national identification card of each partner. 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. Firstly for both legal structures you have to complete and submit a companies name search and name reservation form. If you want to register your business as a partnership you must submit.