A Jamaica LLC must appoint at least one director and one shareholder, who can be of any nationality. The minimum paid-up share capital required to complete the incorporation process is US$1. A company secretary must also be appointed to complete the incorporation process of a Jamaica LLC; this entity must appoint a registered auditor as the company is legally obliged to carry out an annual audit. After Jamaica company setup, must also have a registered office in Jamaica at all times and maintain statutory and accounting records at such registered office.

Jamaica limited liability company (LLC) Key Features

  1. A Jamaica LLC must appoint at least one director and one shareholder.
  2. The minimum paid-up share capital required to complete the incorporation process is US$1.
  3. A company secretary must also be appointed to complete the incorporation process of a Jamaica LLC.
  4. The entity must appoint a registered auditor as the company is legally obliged to carry out an annual audit.
  5. Jamaica company setup, must also have a registered office in Jamaica at all times and maintain statutory and accounting records at such registered off

Jamaica limited liability company (LLC) Legal Requirements

Jamaica Limited Liability Company

Corporate Details

General

  • Type of Entity

LLC

  • Registered Office in Jamaica

Yes

Share capital or equivalent

  • Standard currency

Jamaican dollar (JMD)

  • Permitted currencies

Any

  • Minimum Capital

US$1.

Yes

  • No par value shares allowed

Yes

Directors

  • Minimum number

1

  • Local required

No

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

1

  • Corporate shareholder allowed

Yes

Company Secretary

  • Required

Yes

  • Local or qualified

Not required

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

Yes

  • Requirements to file accounts

Yes

  • Publicly accessible accounts

Yes

 Jamaica limited liability company (LLC) Tax Treatment

LLCs typically do not pay taxes at the business level.

Jamaica limited liability company (LLC) Duration for Set Up

4 Weeks

Jamaica limited liability company (LLC) Distinctive Benefits

  1. Limited Liability
  2. Capacity to Gain Revenue
  3. Separate Legal Personality
  4. Protected assets
  5. Pass-through taxation

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