Jamaica: English-Speaking Caribbean with Global Connections

Jamaica brings together Caribbean lifestyle with English language, common law traditions, and genuine economic substance unusual for the region. The largest English-speaking Caribbean nation offers established financial services, growing logistics and BPO sectors, and zero capital gains tax.

Living in Jamaica

Life in Jamaica pulses with distinctive energy. Kingston combines urban intensity with cultural heritage—the birthplace of reggae. Montego Bay anchors the tourism north coast. The Blue Mountains offer cooler highlands.

The population of approximately 3 million creates a significant domestic market. English is official and universal. Healthcare operates through both public and private systems, with private facilities offering reasonable care.

Safety requires attention, with relatively high violent crime rates in some areas, though tourist zones are generally safer. The cost of living is moderate to high by Caribbean standards.

Doing Business in Jamaica

Jamaica's business environment combines Caribbean informality with genuine economic infrastructure. The corporate tax rate of 25% is competitive, but the standout feature is 0% capital gains tax.

Operating under English common law with English as the business language creates familiarity for international investors. The country has developed significant BPO, logistics, and financial services sectors.

Tax treaties with various countries provide relief from double taxation. Some currency controls exist but are manageable.

Company Formation and Registration

Company formation requires no minimum capital, making entry accessible. Formation typically takes two weeks.

Foreign ownership is permitted at 100% in most sectors. Banking functions reasonably, with the Jamaica Stock Exchange providing capital market options unusual for the Caribbean.

Special Economic Zones

Jamaica's Special Economic Zone regime offers enhanced incentives including reduced corporate tax rates, customs duty exemptions, and streamlined procedures for logistics, manufacturing, and services.

Considerations

Crime and security require ongoing attention. The Jamaican dollar has experienced significant volatility. Hurricane exposure is significant.

For businesses seeking English common law jurisdiction, zero capital gains tax, and established Caribbean infrastructure, Jamaica offers genuine substance.