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Jamaica to build offshore database

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 15 Feb 2024    admin   
JAMAICA PLANS to develop an offshore company registry as its next step in the process to attract a portion of the funds that flow to International Financial Service Centres (IFSC) like the Cayman Islands, Switzerland, and others. “The Companies Office of Jamaica (COJ) will establish, operate, and maintain the offshore business registry to facilitate the speedy and efficient registration of these entities,” according to the COJ in its public tender for a consultant issued this week. The registry platform will be online and available through a web browser, it stated. The remit of the COJ...


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Minister of Industry, Investment and Commerce, Senator Aubyn Hill.

GoJ building better business environment with new reforms

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 15 Feb 2024    admin   
The Government of Jamaica (GoJ) has launched its ‘Building Better Business, Together’ communications campaign to increase public awareness of numerous reforms that have been implemented to improve the experience of doing business in Jamaica. The business reforms agenda, a result of collaborative and partnership efforts among government ministries, Departments, and Agencies, is spearheaded by the Ministry of Industry, Investment and Commerce (MIIC) and coordinated by Jamaica Promotions Corporation (JAMPRO), through its management of the National Competitiveness Council (NCC). The...


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Minister of Industry, Investment and Commerce, Senator Aubyn Hill.

Aubyn Hill Prods Bankers to Find, Invest in Local Businesses - Our Today

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 15 Feb 2024    admin   
Industry, Investment and Commerce Minister, Senator Aubyn Hill, has stressed the importance of the banking sector investing in local enterprises that strengthen the economy. Speaking at the media launch for the Montego Bay Chamber of Commerce Industry EXPO on January 31, Hill recounted the story of Marcia Nicely, founder of Marc Corporate Uniforms, and how his belief in her led to the expansion of her brand and business. Hill said he was searching for a local supplier for NCB’s staff uniforms and Nicely won the bid, which she originally got for only a year. Hill told the audience that Nicely’...


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Minister of Industry, Investment and Commerce, Senator Aubyn Hill, addresses the media launch of the Montego Bay Chamber of Commerce and Industry’s 20th Biennial Trade Expo 2024, at the Montego Bay Convention Centre, St. James, on February 1, 2024. (Photo: JIS)

Hill says ‘banks must go find productive people

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 15 Feb 2024    admin   
Minister of Investment and Commerce Senator Aubyn Hill is encouraging banks to support small business operators who are seeking to grow and expand their businesses. The minister recently issued the challenge during the Montego Bay Chamber of Commerce and Industry’s launch of EXPO 24 at the Montego Bay Convention Centre. Hill, who reflected on the journey and growth of one of Jamaica’s leading garment manufacturing companies, Designs by Marc Limited, owned by Marcia Nicely, stressed the importance of supporting local businesses and encouraged larger organisations to contribute to their...


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Manager, Jamaica Social Stock Exchange (JSSE), Nora Blake (second right), presents the JSSE Rule Book to Project Director of Project STAR (Social Transformation and Renewal), Saffrey Brown (left), during the ceremony for the listing of Project STAR on the Jamaica Social Stock Exchange (JSSE), at the offices of the Jamaica Stock Exchange in downtown Kingston, on February 6. Sharing the moment (from second left) are Co-Chair, Project STAR, Keith Duncan and Chairman, JSSE, Professor Neville Ying.

 

Project STAR Listed on Jamaica Social Stock Exchange

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 07 Feb 2024    admin   
Project STAR (Social Transformation and Renewal) is now listed on the Jamaica Social Stock Exchange (JSSE). The JSSE provides a platform to assist social-sector organisations to attract long-term funding to make their projects sustainable. Project STAR is a social and economic transformation programme created by the Private Sector Organisation of Jamaica (PSOJ), in partnership with the Jamaica Constabulary Force and driven by communities, to bring about societal transformation through targeted interventions in under-resourced areas of Jamaica. Speaking at the official listing ceremony, at the...


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Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, addresses the media launch of the Montego Bay Chamber of Commerce and Industry’s 20th Biennial Trade Expo 2024, at the Montego Bay Convention Centre, St. James, on February 1.  

 

Big Businesses Urged to Support MSME Sector

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 07 Feb 2024    admin   
Large Jamaican companies are being implored to do all they can to support local micro, small and medium-sized enterprises (MSMEs). Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, in making the call, said that the MSME sector is a key contributor to the economy and must be protected at all costs. He noted that the island’s 422,000 MSMEs are the cornerstone of the country’s workforce, employing 60 to 70 per cent of workers and accounting for 90 per cent of private-sector employment. “That’s huge,” he noted. “Thanks to the role of the MSMEs, the Jamaican economy is...


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PRESS RELEASE: Jamaica Secures CARICOM Approval for CET Suspension on Imports of Lithium-ion Batteries to Sustain Renewable Energy Growth

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 05 Feb 2024    admin   
Kingston, Jamaica – The Ministry of Industry, Investment and Commerce (MIIC) is pleased to announce that the CARICOM Secretariat has authorised the suspension of the Common External Tariff (CET) in respect of the importation of lithium-ion batteries into Jamaica. This decision follows the intervention made by Senator the Hon. Aubyn Hill, Minister of Industry, Investment and Commerce at the 57th Meeting of the CARICOM Council for Trade and Economic Development (COTED) on November 27, 2023, and subsequent bi-lateral consultations between Jamaica and Barbados, and marks a pivotal development in...


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Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill (second right), shares in discussion with (from left) Head of the European Union (EU) Delegation to Jamaica, Ambassador Marianne Van Steen; Director with the EU, Felix Fernandez Shaw; President of the Shipping Association of Jamaica (SAJ), Corah Ann Sylvester; and Chairman of Jamaica Producers Group, Charles Johnson. Occasion was a press briefing held at the Kingston Wharves Limited Corporate Office on Friday (January 26)

 

Newport West to Be Redeveloped

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 31 Jan 2024    admin   
Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill has welcomed the involvement of the European Union (EU) in the redevelopment of Newport West. The EU will be making funding available for a study and a business model, that will result in the area becoming a world class logistics facility, and a competitive resilient economic zone. Speaking at a press briefing held at the Kingston Wharves Limited Corporate Office on Friday (January 26), Minister Hill said the group “understands that we want to be become the logistics hub of the region”. The Minister informed that the...


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Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, speaks with Founder/Executive Director, Young Women of Purpose (YWOP)/Young Men of Purpose (YMOP), Lanisia Rhoden, during Monday’s (January 29) launch of the Realise, Embrace, Achieve Your Purpose (R.E.A.P) Women Entrepreneurship Project 2024, at the Planning Institute of Jamaica (PIOJ) in New Kingston.

 

30 Women Poised to R.E.A.P. Rich Dividends under New Entrepreneurship Project

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 31 Jan 2024    admin   
Thirty female entrepreneurs are to benefit from business skills training and other assistance through the Realise, Embrace, Achieve Your Purpose (R.E.A.P) Women Entrepreneurship Project 2024. The initiative aims to empower the targeted beneficiaries, drawn from communities in and around PriceSmart establishments in Kingston and Portmore. It is spearheaded by the nonprofit Young Women of Purpose (YWOP)/Young Men of Purpose (YMOP). The project provides entrepreneurship training, business coaching, mentoring, and financial support of up to $3 million. Its primary objective is to address high...


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Official flyer for the Jamaica Business Development Corporation’s ‘Tax Talk’ workshop.

 

JBDC Hosts Two-Day Workshop on Filing Taxes

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 31 Jan 2024    admin   
The Jamaica Business Development Corporation (JBDC), in partnership with Tax Administration Jamaica (TAJ), will host a two-day workshop from January 31 to February 1, 2024 to assist businesses with filing their taxes. Dubbed ‘Tax Talk’, the workshops will be held via the Zoom platform, starting at 10:00 a.m. daily. To be conducted by Tax Education Officers, the workshops will expose business owners within the micro, small and medium-sized enterprise (MSME) sector to training and much-needed information on how to meet their filing obligations. Day 1 of the workshop will be for persons whose...


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The Ministry

Welcome to the official website of the Ministry of Industry, Investment and Commerce.

The Ministry of Industry, Investment and Commerce is described as Jamaica's "Business Ministry." It's mandate is to lead the development of policies that will create growth and jobs, while achieving social inclusion and consumer protection. The Ministry, working its stakeholders is primarily responsible for business policy development, monitoring and evaluation, while giving direction and oversight to a cluster of implementing departments and agencies.

We have, therefore, placed much energy and enthusiasm into the development of this website to provide timely information on the Ministry, our agencies and programmes.

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4 St. Lucia Avenue, Kingston 5, Jamaica
Telephone: (876) 968-7116 
Fax: (876) 960-7422 
Email: ps_office@miic.gov.jm

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Fridays 8:30 a.m. - 4:00 p.m.

 

 

The Ministry of Industry, Investment and Commerce - https://www.miic.gov.jm