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The Jamaican Free Zones are a government free trade zone initiative in Jamaica.Designed to encourage foreign investment and international trade, businesses operating within these zones have no tax on their profits, and are exempted from customs duties on imports and exports (capital goods, raw materials, construction materials, and office equipment) and import licensing requirements.
The move brought Jamaica in line with European standards, but at first meant that companies filing their financial reports with the U.S. Securities and Exchange Commission (SEC) would have to reconcile their figures to Generally Accepted Accounting Practices (GAAP) and highlight the differences from IFRS. In June 2007 the SEC allowed companies ...
The ministries of Jamaica are created at the discretion of the prime minister of Jamaica to carry out the functions of government. As of 2016, the prime minister is Andrew Holness . The agencies of Jamaica are created by both parliamentary law and assigned to ministers to oversee.
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The Jamaica Information Service was established in 1956. [3] At its inception, the agency was first known as the Government Public Relations Office (GPRO), which was primarily concerned with issuing press releases and maintaining good relations between the press and the Government.
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The institution replaced the two previous institutions named the Unit Trusts and the Securities Commission along with the Office of the Superintendent of Insurance (OSI). [4] In an order to fulfil the purpose of its existence, FSC is divided into various divisions that include insurance, corporate facilities, securities, pensions , legal issues ...