Jamaica: more than tourism

Setting itself up as the next global logistics hub

Why Jamaica?

While it’s known as one of the beauties of the Caribbean, replete with natural beauty and captivating culture, Jamaica also enjoys high levels of global investor interest. The current government is positioning Jamaica as the next global logistics hub, a move that has won the support of local and multinational companies.

The island has accommodated more than US$6 billion in foreign direct investments over the past decade, mainly attributed to expanding investments in business process outsourcing and tourism. Other growing sectors include agribusiness mining, energy and manufacturing, plus logistics, medical tourism and the animation arts.

There is well-developed infrastructure, robust telecommunications, a vibrant and stable political environment, and strong air and sea connections. A pro-business destination that offers a strong competitive advantage through unique raw material inputs, strategic market access and lower operational costs, Jamaica is a near-shore destination that’s waiting to be explored.

Our core areas of expertise

TMF Jamaica has been supporting local and international businesses from Kingston for many years. We have a number of local experts in Jamaica assisting local and international clients, providing financial, legal, HR and payroll services across the country. We can get you set up, provide a single point of contact and take care of those non-core elements that keep your business moving.

Our full range of services include:

  • Accounting and Tax services: We take care of local statutory bookkeeping, full consolidated accounts and management reporting to relevant local and international standards. We also help you manage your tax and reporting obligations.
  • Global Entity Management services: We provide support at every stage of your business lifecycle. Our multi-disciplinary expertise - in corporate secretarial, regulatory compliance, fiduciary services and more - is your outsourced answer to managing and maintaining entities across borders.
  • Governance services: We help you stay compliant, manage your risk and regulatory obligations, including your local legal requirements for Common Reporting Standard (CRS), Foreign Account Tax Compliance Act (FATCA), Know Your Customer (KYC), CbCr notification, Master File / Local File and Ultimate Beneficial Owner (UBO) register. 
  • HR and Payroll services: We help you to apply and implement international policies in employment contracts and handbooks, and pay your staff in compliance with local law.
  • International Corporate Structuring: We manage the legal set-up and structuring of new or existing operations.
*Availability of our global portfolio is country dependent.

To find out exactly how we can help you, speak to our experts

We deliver tailored solutions to each precise location that allow you to operate smoothly from day one.

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