Jamaica Companies Overview
Jamaica
companies are companies that have been establish under the Jamaica Companies
Act. Each company is considered a limited liability company and must fulfill
certain criteria. These Jamaica companies must be registered with
Registrar Of Companies in
Jamaica
and receive a company number and lodge several documents before it is legally
considered a Jamaican company.
Jamaica
companies, though not actual persons are separate from its shareholders and
directors and hence are truly a legal entities. All Jamaica companies must be registered
with the Jamaican registrar of companies and are limited to the amount of
shareholders unpaid share capital or by debenture or guarantee over fixed and
floating assets used in the set up of the company. It is incumbent on the
shareholders and directors of Jamaica companies to ensure that the
business honors all contractual liabilities as they themselves might be liable.
Jamaica
companies exist under what is known as perpetual succession allowing the change
of ownership yet the Jamaican company will remain a going concern.
Jamaica
companies must file with the Registrar the following documents to become legal Jamaica
companies. The Articles of Incorporation. This actually documents that main aim
of the business and the internal rules and regulations that govern Jamaica
companies including the powers of directors and shareholders. The declaration of
compliance advises all who seek to conduct due diligence on the company that
that they have complied with the rules and regulations as set forth by the
Registrar for Jamaica
companies. The final document is the registered office notice. This documents
the legal Jamaican address of the company. All Jamaican companies must have a
legal address.
Get Jamaica.Com has attached all the requisite forms for
company registrations. Jamaica
companies are guided by the
Jamaica
companies’ act of 2004. The act stipulates several key clauses
-
Two
Jamaica
companies cannot be registered with the same name.
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All
Jamaica
companies can be sued.
-
All companies must file
documents at the Registrar.
Not filing these documents will attract a penalty fee
levied by the Jamaica
companies’ registrar. Each of these documents will attract late filing fees if
they are not filed within the time specified by Act. Continued default in filing
may lead to prosecution, suit or disqualification of the company’s officers.
Particulars of
Directors for Jamaica Companies DOWNLOAD IT HERE
This vital document must be filed at the Registrars office
no later than 14 days subsequent to Jamaican companies’ incorporation. This
document identifies directors who are eligible to enter into business
transactions on behalf of the company to the limit as set out by the Persons
doing business with the company can ascertain who is capable of entering into
transactions on behalf of the company as set out by the Jamaica companies Articles of
Association.
Notice of
Appointment of Company Secretary
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NOW
Every Jamaican company must have a secretary as mandated by
the Jamaica Companies Act 2004.
Registered Office
Notice
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This facilitates due diligence in quickly identifying the
exact location of Jamaica
companies. All correspondences will be sent to that address both legal and
otherwise to ensure compliance.
Annual Returns
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An annual document that is filed on or before a Jamaica
companies incorporation date. This identifies changes in ownership and documents
that sale and resale of existing shares.
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