Jamaica foreign Investments incentives 2025

• Government Policy: The Government of Jamaica (GOJ) views foreign direct investment (FDI) as crucial for economic growth.
• Openness to Investment: Jamaica is open to foreign investment across most sectors.
• Equal Treatment: Local laws generally do not differentiate between local and foreign investors.
• No Ownership Restrictions: There are typically no restrictions on foreign ownership or control of businesses.
• Investment Promotion Agency: The Jamaica Promotions Corporation (JAMPRO) is the government agency responsible for promoting business opportunities to both local and foreign investors.
• National Investment Policy: The GOJ has an Investment Policy Statement that outlines its strategies for promoting and facilitating private sector investment.
• Tax Incentives: The government provides various incentives, including tax relief in areas like:
  • Special Economic Zone (SEZ) activities
  • Relocation of corporate headquarters
  • Junior stock exchange listings
• Other Incentives: Additional incentives may include:
  • Relief from income tax and customs duties
  • Zero-rated General Consumption Tax (GCT) status for certain imports
• International Agreements: Jamaica has Bilateral Investment Treaties (BITs) with several countries, including the United States. These treaties aim to protect foreign investments and ensure fair treatment.
• Double Taxation Treaties: Jamaica has double taxation treaties to prevent investors from being taxed twice on the same income.
• Priority Sectors: The government actively promotes investment in specific sectors that are considered priorities for economic development.
• Facilitation: The government has streamlined legislation and procedures to facilitate the establishment and expansion of enterprises.
• Transparency: The government is committed to creating a transparent and predictable environment for investment.