With a population of approximately 2.8 million and total land space of 10,991 sq. km (4,442 sq. miles) Jamaica is the largest of the English-speaking Caribbean islands and the third largest in the region. The democratically elected government of Jamaica is patterned on the Westminster model of government.
Through modern and reasonably well-equipped international air and seaports, cargo and passenger transportation is easily accessible. Several major airlines and over thirty international shipping lines link Jamaica with worldwide destinations. Getting around Jamaica has become easier with the construction of two major highways linking our major cities allowing persons to conduct their business speedily.
Communication in Jamaica is at the cutting edge of technology, with, direct dialing and operator assisted services worldwide as well as high speed, high volume, Internet, mobile voice, and data services available.
Electricity supplies are adequate to support local industry and there is high quality potable water in supply, island-wide.
Jamaica is a mixed free market economy consisting of private sector organizations and state owned entities. The two most viable and profitable sectors of the economy are tourism and mining, with agriculture and manufacturing also making substantial contributions.
Jamaica issues its own currency, the Jamaican dollar, under a floating exchange rate regime. Comprehensive banking facilities are available throughout the island. These banks offer facilities for both Jamaican and foreign currency loans and deposits. Many banks now offer the facility of online and telephone-banking transactions all geared to ensure that customers are able to complete financial transactions easily, speedily and conveniently.
There exists no fetter to the movement of foreign currency into or out of the island. International money transfer services an integral part of the Jamaican financial services sector. Additionally, commercial and merchant banks offer attractive rates of interest for foreign currency deposits. The existence of several management and financial advisory companies, that specialize in securities, foreign exchange investments, equity brokerage and asset management provides investors with the opportunity to watch their money grow with ease and confidence.
The added potential for stock market investment, given the exchange rate of J$60 to US$1 (as of September 2003) and the attractive price-earnings ratios of listed shares, makes investing in Jamaica an attractive proposition.
Owning Land in Jamaica
Tax Issues
Registration Of Companies In Jamaica