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Great Opportunity for Savings on Fees and Taxes !!!
In this time of economic hardship “every penny
counts” so everyone should make use of opportunities
that rarely come by. The introduction of an amnesty
by the Companies Office of Jamaica is one such
opportunity to save on fees and taxes.
The amnesty covers the reduction of fees and the waiver of penalties on a number of company regulatory
activities. The schedule below illustrates the savings that can be achieved during the amnesty.
Annual Returns Amnesty
Document Type
Amnesty Fees
Regular Fees
Annual Return
$3000
$5000
Annual Return
$1000
$2000
NO LATE FEES/ NO Penalties
$100 a day up to $10,000
Removals & Closure Amnesty
FOR BUSINESS NAMES
Business Names
If they are delinquent
$2000
$2500 renewal fee
$1000 late fee, $600 closure fee
Business Names (If up to date)
$600
No change
$10,000
$5000 per outstanding annual
return plus late penalties ($100
a day up to $10,000) and $4500
removal fee
No change
FOR COMPANIES
Removal of Delinquent Companies
Removal for Companies (in good standing)
Amnesty expires on
JUNE 30, 2015
$4500
Companies that are removed will also save on the Minimum business
tax of $60,000 per year and a host of regulatory requirements.
Within the amnesty period, we will REDUCE OUR FEES by 25% for
company regulatory services.