Doing Business In Jamaica
Following Mike Michalowicz article on the new breed of entrepreneurs in Jamaica I’ve decided to make a small article on doing business in Jamaica. The report is based on external resources rather my real life experiences, so if you have comments, addons or anything else, I invite you to let me know.
I will start with the Doing business in Jamaica report from the The World Bank Group. If that’s a little to complicated to read and understand, the Jamaica Gleaner made a quite interesting summary of the report. “Dragging Jamaica down in the current survey is the 51.3 per cent of taxes businesses pay on average – that’s more than 51 cents of every dollar earned – to the treasury and designated state agencies with which they interface 72 times per year; heavy shipping costs of US$1,750 per export container and the US$1,420 charge per container of imports; the two months required to register property and transaction fees that double those of other groupings; and enforcement of contracts”
Read the rest of the article here.
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