How To Register Small Business In Jamaica
A completed bn2 form.
How to register small business in jamaica. Here are some cases in which the companies office of jamaica may refuse your proposed business name. A business in jamaica is a sole proprietorship a sole trader in jamaican terms or a partnership. A co operative must have a minimum of 10 persons. 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. Here are the steps to register your business legally in jamaica.
Firstly for both legal structures you have to complete and submit a companies name search and name reservation form. Once steps 1 4 are complete it s time to register your business with the companies office of jamaica and the tax administration jamaica. A letter that requests registration to form a co operative business statement of the nature of the business. Proof of residential address and trn are required for the applicant. Before going into business in jamaica it is important to determine the type of legal structure best suited to your needs.
Depending on the nature of the business you may need to protect your intellectual property by registering trademarks patents or copyrights. These are statutory obligations. There are several advantages to registering your business. 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. If you want to form a co operative you must register with the department of co operatives and friendly societies.
To register you must provide. Step 5 business registration. A fee is attached to the name search and reservation. The two basic options to choose from are. The registration fee for a partnership is ja 2 000 00.
If you want to register your business as a partnership you must submit. The national identification card of each partner. How to register your business in jamaica here s what you ll need. You can register your new venture as either a business or a company. Before registering with the companies of jamaica however you must decide the type of legal structure your business will take.