A Jamaican corporation must appoint a minimum of three directors and one shareholder of any nationality and the minimum paid-up share capital required to complete the incorporation process is US$4,400. The Jamaica PLC must also appoint a company secretary The PLC must also submit audited financial statements annually and therefore must appoint a registered auditor. Public companies may be listed and may offer their shares for sale to the public on the Jamaica Stock Exchange.

Jamaica Public Limited Company (PLC) Key Features

  1. A Jamaica PLC must appoint at least 3 director and one shareholder.
  2. The minimum paid-up share capital required to complete the incorporation process is US$4,400.
  3. A company secretary must also be appointed to complete the incorporation process of a Jamaica PLC.
  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
  6. Public companies may be listed and may offer their shares for sale to the public on the Jamaica Stock Exchange.

Jamaica Public Limited Company (PLC) Legal Requirements

Jamaica Public Limited Company

Corporate Details

General

  • Type of Entity

PLC

  • Registered Office in Jamaica

Yes

Share capital or equivalent

  • Standard currency

Jamaican dollar (JMD)

  • Permitted currencies

Any

  • Minimum Capital

US$4,400.

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 Public Limited Company (PLC) Tax Treatment

PLCs typically do not pay taxes at the business level.

Jamaica Public Limited Company (PLC) Duration for Set Up

4 Weeks

Jamaica Public Limited Company (PLC) 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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