Fees and timelines in 2022

Fees

payment by instalmentJamaica LLC setup costs in Year 1 will amount to US$4,575 and annual company costs in Year 2 and thereafter will amount to US$2,875. The average fee per engagement amounts to US$11,585 including i) Jamaica company incorporation, ii) corporate bank account setup, iii) legal registered office and iv) all government registration fees.

Different Jamaica entity types Cost Draft invoice
Tax resident LLC US$11,585 View invoice PDF
PLC US$12,585 View invoice PDF
Branch of a foreign company US$12,810 View invoice PDF
Representative office US$12,060 View invoice PDF

Timelines

The average Jamaica company registration period is 11 weeks as outlined below:

Service LLC PLC Branch Rep Office
Engagement planning 1 week 2 weeks 3 weeks 3 weeks
Company incorporation period 3 weeks 4 weeks 5 weeks 5 weeks
Bank account approval 3 weeks 4 weeks 5 weeks 5 weeks
Internet banking approval 3 weeks 1 week 1 week 1 week
Engagement completion 1 week 1 week 1 week 1 week
Total engagement period 11 weeks 12 weeks 15 weeks 15 weeks


japan business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Jamaica, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi
jamaica-tax jamaica-registrar jamaica financial services commission jamaica-bank