Posted on January 30, 2026

Doing business in Jamaica can be attractive due to its strategic location, English-speaking workforce, and pro-business reforms. 

Here’s a clear, practical overview to help you understand the landscape.

Why Do Business in Jamaica?

1. Strategic Location

Gateway to North America, Central America, and the Caribbean. Major shipping routes and ports (e.g., Kingston is one of the largest natural harbors in the world)

2. Stable Legal & Business Environment

• The business environment is based on English common law. 
• Jamaica is a democratic system with relatively strong institutions
• Contracts and property rights are well recognized

3. Language & Workforce

• English is the official language
• Young, trainable labor force
• Competitive labor costs compared to North America

Popular Business Sectors

• Tourism & Hospitality – Hotels, attractions, travel services
• Agriculture & Agro-processing – Coffee (Blue Mountain), cocoa, spices, cannabis (regulated)
• Manufacturing – Food processing, chemicals, packaging
• BPO & ICT – Call centers, shared services, software support
• Logistics & Shipping – Due to port infrastructure
• Renewable Energy – Solar, wind, and energy efficiency projects

Starting a Business in Jamaica

1. Business Registration

• Register with the Companies Office of Jamaica (COJ)
• Choose business structure:
• Sole trader
• Partnership
• Limited liability company (most common)

2. Tax Registration

• Register with Tax Administration Jamaica (TAJ) for:
• TRN (Tax Registration Number)
• GCT (VAT) if applicable
• PAYE and NIS for employees

3. Licenses & Permits

• Industry-specific approvals may be required (tourism, food, cannabis, finance)

4. Investment Support

• JAMPRO (Jamaica Promotions Corporation) assists foreign and local investors with approvals and incentives

Taxes & Incentives

• Corporate Income Tax: Generally, 25% (lower rates for some sectors)
• GCT (VAT): 15%
• Incentives Available:
• Income tax relief
• Duty concessions
• Special Economic Zones (SEZs) with tax benefits

Challenges to Consider

• Bureaucracy can still be slow in some areas
• Crime and security costs may affect operations
• Energy costs are higher than global averages
• Access to financing can be limited for small businesses

Tips for Success

• Work with a local attorney or business consultant
• Understand Jamaican business culture (relationship-driven, respectful communication)
• Ensure compliance with labor and tax laws
• Consider partnerships with local firms