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Ease of Doing Business in

Jamaica

Jamaica Download Profile (1769.7KB, pdf)
Region Latin America & Caribbean
Income Category Upper middle income
Population 2,725,941
GNI Per Capita (US$) 5,010
City covered Kingston

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 67 65 down
2
67.54 66.73 down
0.81
Starting a Business 12 6 down
6
95.61 97.28 down
1.67
Dealing with Construction Permits 75 71 down
4
71.15 71.10 up
0.05
Getting Electricity 101 81 down
20
68.00 71.09 down
3.09
Registering Property 123 120 down
3
53.70 53.67 up
0.03
Getting Credit 16 14 down
2
80.00 80.00
-
Protecting Minority Investors 63 62 down
1
58.33 58.33
-
Paying Taxes 116 155 up
39
65.18 53.52 up
11.66
Trading across Borders 131 133 up
2
60.70 59.61 up
1.09
Enforcing Contracts 117 114 down
3
53.60 53.60
-
Resolving Insolvency 38 36 down
2
69.15 69.08 up
0.07

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 12

DB 2016 Rank: 6

Change in Rank: down6

DB 2017 DTF (% points): 95.61

DB 2016 DTF (% points): 97.28

Change in DTF (% points): down1.67

Standardized Company
Legal form: Private Limited Liability Company
Paid-in minimum capital requirement: JMD 0
City: Kingston
Indicator Jamaica Latin America & Caribbean OECD high income
Procedure – Men (number) info_outline 2.0 8.3 4.8
Time – Men (days) info_outline 10.0 31.6 8.3
Cost – Men (% of income per capita) info_outline 4.3 31.5 3.1
Procedure – Women (number) info_outline 2.0 8.3 4.8
Time – Women (days) info_outline 10.0 31.6 8.3
Cost – Women (% of income per capita) info_outline 4.3 31.5 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 2.3 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Ascertain from the Registrar of Companies whether the desired name is available and acceptable

    Agency: Companies Office of Jamaica

    The proposed company files a Form 6 - Name Search and Name Reservation with the Companies Office of Jamaica to ascertain the availability of the name at a cost of JMD 500. It is also recommended that a name reservation be done for an additional JMD 3,000 to reserve the name for 90 days.
    1 day JMD 500
    2

    File the Article of Incorporation and Business Registration Form with the Companies Registry Office

    Agency: Companies Office of Jamaica

    Since January 1, 2014 entrepreneurs are no longer required to submit forms separately to the National Insurance Scheme (NIS), Taxpayer Registration Number (TRN) and General Consumption Tax (GCT). These registrations are now subsumed under the Business Registration Form. Thus, only two forms are required, the Article of Incorporation form and the Business Registration Form.

    Cost details:
    JMD 24,000 (registration fee) + JMD 500 for stamp duty
    On average 9 days see procedure details