Valsen Corporate

Jamaica PLC

  • 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
    The Valsen Advantage
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