If you are interested in starting a business in Jamaica, there are a number of legal requirements that must be followed. Jamaica’s Business Name Act of 1934 makes it illegal to start a business without first registering it with Companies of Jamaica, which was formerly called the Office of the Registrar of Companies.
There are several benefits associated with registering your company or business. Your business is shown on the website of the Companies of Jamaica. It will go up on the website just a week after you’ve registered it. Also, you will have access to loans and grants, be able to get government and other contracts, and inspire the confidence of your customers when they know they are dealing with a legal, registered entity.
Before registering with Companies of Jamaica, however, you must decide upon the type of legal structure your business will have. Your options include sole trader, …