How To Register Small Business In Jamaica

The national identification card of each partner.

How to register small business in jamaica. To register you must provide. Firstly for both legal structures you have to complete and submit a companies name search and name reservation form. These are statutory obligations. The two basic options to choose from are. Proof of residential address and trn are required for the applicant.

Once steps 1 4 are complete it s time to register your business with the companies office of jamaica and the tax administration 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. 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. The establishment of new businesses means job creation which then leads to more people having disposable income and buying power. If you want to form a co operative you must register with the department of co operatives and friendly societies.

A letter that requests registration to form a co operative business statement of the nature of the business. Your options include sole trader partnership company or co operative. A co operative must have a minimum of 10 persons. A company a commercial enterprise registered or incorporated under the companies act a business a sole trader or partnership registered under the business names act. Before registering with the companies of jamaica however you must decide the type of legal structure your business will take.

A business in jamaica is a sole proprietorship a sole trader in jamaican terms or a partnership. 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. Depending on the nature of the business you may need to protect your intellectual property by registering trademarks patents or copyrights. How to register your business in jamaica here s what you ll need. A fee is attached to the name search and reservation.

Step 5 business registration. You can register your new venture as either a business or a company. Here are some cases in which the companies office of jamaica may refuse your proposed business name. Once registered your business is uploaded to the coj s website. The registration fee for a partnership is ja 2 000 00.