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Medium, Small and Micro Enterprises (MSMEs) – Government Support and Business Registration


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December 2021
 
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Above Body

 01 Dec 2021    admin   

Medium, small and micro enterprises (MSMEs) are essential to the Jamaican economy, making up over 97% of the island’s taxpaying businesses. MSMEs are those that have between one and 50 employees and earn between $15 million and $425 million annually. The sector is responsible for the majority of employment in Jamaica and drives economic growth and development. As such, the Government of Jamaica (GOJ) continuously seeks to strengthen it through programmes that support MSMEs.

Two of these are the Boosting Innovation, Growth, and Entrepreneurship Ecosystems (BIGEE) Programme, administered by the Ministry of Economic Growth and Job Creation (MEGJC) and the Social and Economic Recovery and Vaccine (SERVE) Jamaica Programme, administered by the Ministry of Finance and the Public Service (MOFPS).

Under BIGEE, an ongoing initiative, owners of MSMEs can access grants valuing up to $14 million to grow their businesses. Throughout 2021, SERVE – an economic recovery programme, will provide $5 billion to MSMEs affected by the pandemic. Funds are disbursed through the Development Bank of Jamaica (DBJ). Applications for assistance through SERVE and BIGEE are done through DBJ’s website.

Registering MSMEs

All MSMEs must be registered with the Companies Office of Jamaica (COJ) to be compliant with local regulations. Registration of MSMEs can be done online through the Electronic Business Registration Form (eBRF)* or in office at the COJ.

In-Office Registration

To register in office, the business owner should complete a business registration form (BRF1). This is available online at orcjamaica.com/Forms.aspx and at the COJ office. Once completed, the form should be submitted along with personal details, namely:

  • valid identification
  • proof of home address
  • tax registration number (TRN)

Online Registration

To register a business online, you will first need to reserve a business name. Once this is done, visit www.services.orcjamaica.com/fp/home, create an account and log in to register your business.

*Visit https://jis.gov.jm/information/get-the-facts/get-the-facts-the-electronic-business-registration-form-ebrf/ to learn more about the Electronic Business Registration Form

 

For additional information, contact:

Development Bank of Jamaica Limited

11A – 15 Oxford Road

Kingston 5

Tel: 876-929-4000; 876-619-4000

Fax: 876-929-6055

Email: mail@dbankjm.com

Website: https://dbankjm.com

 

Companies Office of Jamaica

1 Grenada Crescent

Kingston 5

Tel: 876-908-4419-26, 876-276-9558

Fax: 876-960-7152

Email: custsupport@orcjamaica.com

Website: https://www.orcjamaica.com

 

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.

Twitter

  • (3/3) The meeting was held to further streamline the initiative which forms part of the HEART Trust’s existing trai… https://t.co/jKbVKW9Lzm Posted: 3 days 18 hours ago
  • (2/3) He said the HEART Trust will play a critical role, working with and other development partners to… https://t.co/NUjg0vgv0C Posted: 3 days 18 hours ago
  • (1/3) Senator the Hon. met with members of the , including Executive Director, Dr. Taneis… https://t.co/5D3lmlS5z6 Posted: 3 days 18 hours ago

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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

Opening hours: 
Mondays - Thursdays 8:30 a.m. - 5:00 p.m.
Fridays 8:30 a.m. - 4:00 p.m.

 


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