How To Register A Llc In Jamaica

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.

How to register a llc in jamaica. Under the companies act 2004 it became possible for a company to reserve a name for up 90 days before it is actually registered. Applicants are required to complete the relevant documents at each renewal period. Registering an overseas company overseas companies may operate in jamaica but must be registered at the companies office of jamaica. A company secretary must also be appointed to complete the incorporation process of a jamaica llc. A jamaica llc must appoint at least one director and one shareholder who can be of any nationality.

Once registered an overseas company must file a balance sheet. The country code jm is for jamaica and the most common legal entity type in jamaica is a llc. Registration of business names certificates are valid for 3 years after this period the business names registration must be renewed. Registration a business registration form along with the articles of incorporation must be filed with the registrar of companies office. 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 a company in jamaica that s based overseas requires several steps. To incorporate a subsidiary company in jamaica. Any changes in the documents at the time of registration must be filed with the companies office of jamaica. The min share capitalization is 0 this means you don t have any minimum share capital. The llc must include the word limited at the end of its company name if it is limited by guarantee or shares.

File a balance sheet and a profit and loss statement with the companies office. The average time to incorporate is 3 weeks to put together the paperwork and file a llc in jm. Submit a copy of jamaican form 31 along with a copy of the articles of incorporation. The registration fee is 25 000 00. Otherwise the abbreviation of llc can be used.

A completed bn2 form. 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. The national identification card of each partner. The companies office of jamaica provide a name search feature that allows you to search the availability of the business name. If for example you incorporated by filing with florida s secretary of state you need someone from.