How much time and money are involved in setting up a Jamaican company? Where do I begin? If you have these questions, the following table published by the International Finance Corporation and the World Bank is what you are looking for.
| No. | Procedure | Time to Complete | Associated Costs |
| 1 | Ascertain from the Registrar of Companies whether the desired name is available and acceptable | 1 day | JMD 500 |
| 2 | Have company documents stamped by the Stamp Commissioner | 1 day | JMD 500 |
| 3 | File the company deeds to the Registrar of Companies | 1 day with expedited service | JMD 15,000 (registration fee) + JMD 3,000 for each additional document of which there are three:(a) Notice of Registered Office, Notice of Appointment of Directors and Notice of Appointment of Company Secretary; an additional JMD 6,000 for expedition service (same day) |
| 4 | Obtain national insurance scheme (NIS) reference number from the Ministry of Labour and Social Security | 2 days | no charge |
| 5 | Obtain taxpayer registration number (TRN) from Collector of Taxes | 1 day | no charge |
| 6 | Obtain general consumption tax (GCT) registration | 1 day | no charge |
Detailed profiles of doing business in 183 of the world’s economies are available from www.doingbusiness.org. Jamaica’s profile can be downloaded here.
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Obtaining a Stamp Commissioner’s Certificate
The Ministry of Labour and Social Security
