How To Register A Llc In Jamaica

The average time to incorporate is 3 weeks to put together the paperwork and file a llc in jm.

How to register a llc in jamaica. Proof of residential address and trn are required for the applicant. The registration fee is 25 000 00. The registration fee for a partnership is ja 2 000 00. Registration a business registration form along with the articles of incorporation must be filed with the registrar of companies office. Prior to the amendments if a company wanted to register a trade name what would have to happen is that the company and an individual would have.

File a balance sheet and a profit and loss statement with the companies office. Once registered an overseas company must file a balance sheet. Registration of business names certificates are valid for 3 years after this period the business names registration must be renewed. A completed bn2 form. Submit a copy of jamaican form 31 along with a copy of the articles of incorporation.

Under the companies act 2004 it became possible for a company to reserve a name for up 90 days before it is actually registered. A new limited liability company would be incorporated in jamaica pursuant to the companies act 2004 and the principal shareholder of this newly incorporated limited liability company would be the international company. Registering an overseas company overseas companies may operate in jamaica but must be registered at the companies office of jamaica. Registering a company in jamaica that s based overseas requires several steps. The llc must include the word limited at the end of its company name if it is limited by guarantee or shares.

A jamaica llc must appoint at least one director and one shareholder who can be of any nationality. The min share capitalization is 0 this means you don t have any minimum share capital. The minimum paid up share capital required to complete the incorporation process is us 1. The country code jm is for jamaica and the most common legal entity type in jamaica is a llc. The national identification card of each partner.

Registration of branch or overseas company in. Optional 3 passport size photographs of each partner signed by a justice of the peace. If for example you incorporated by filing with florida s secretary of state you need someone from. Applicants are required to complete the relevant documents at each renewal period. The act she continued mandated every firm having a place of business in jamaica and carrying on business under a name other than its corporate name to register in the manner directed by the act.