Discusses the legal requirements/options for joint venture/licensing in this market.
Last Published: 8/6/2019

In a bid to stimulate economic activity, the GOJ has actively encouraged joint ventures and licensing.  In 2012, the GOJ approved a Policy and Institutional Framework for the implementation of a Public-Private Partnership Programme (PPPP) to aid in the privatization process.  

Major opportunities are publicized by the government agency or ministry involved.  Non-resident partners are subject to Jamaican tax on their share of the partnership profits that accrue in or are derived from Jamaica.  Non-resident foreign corporations pay tax on their share of profits at the same rates as resident corporations.  Double taxation relief is available under the 1991 Convention for the Avoidance of Double Taxation.

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