How To Register Small Business In Jamaica
Here are some cases in which the companies office of jamaica may refuse your proposed business name.
How to register small business in jamaica. Firstly for both legal structures you have to complete and submit a companies name search and name reservation form. How to register your business in jamaica here s what you ll need. 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. You can register your new venture as either a business or a company. The establishment of new businesses means job creation which then leads to more people having disposable income and buying power.
Before registering with the companies of jamaica however you must decide the type of legal structure your business will take. If you want to form a co operative you must register with the department of co operatives and friendly societies. Depending on the nature of the business you may need to protect your intellectual property by registering trademarks patents or copyrights. There are several advantages to registering your business. A business in jamaica is a sole proprietorship a sole trader in jamaican terms or a partnership.
A letter that requests registration to form a co operative business statement of the nature of the business. 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. A completed bn2 form. The national identification card of each partner. The two basic options to choose from are.
Optional 3 passport size photographs of each partner signed by a justice of the peace. 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. Step 5 business registration. Proof of residential address and trn are required for the applicant. Your options include sole trader partnership company or co operative.
The registration fee for a partnership is ja 2 000 00. Before going into business in jamaica it is important to determine the type of legal structure best suited to your needs. 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. These are statutory obligations. A fee is attached to the name search and reservation.