Business Law

Introduction:

Notwithstanding the difficult business environment in Jamaica, you have turned a fledgling idea into a profitable business and you have decided to make your business a bigger success. Over the years you have engaged financial, accounting and legal professionals to keep your enterprise out of trouble. Taxes were paid on time, employees were properly selected, and your banker was happy with your credit score.

On February 8, 2011, Jamaica’s House of Representatives passed the Jamaica International Financial Services Authority bill. If the bill is passed by the Senate and ultimately signed by the Governor General, Jamaica would be firmly positioned as a major international financial services hub.  Equally, passage of the Act is expected to provide many other opportunities for the country.