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Jamaica
Jamaica Geography, Culture, and Politics
Jamaica is a Caribbean country with beaches, mountains, and rainforests, making it a beautiful and popular tourist destination. As a former colony of Britain, Jamaica’s political environment is relatively stable, with the only parties since independence being the Social Democratic People’s National Party and the Conservative Jamaica Labor Party. Jamaica has a strong national identity and culture expressed through its music and food. It is home to reggae music culture and famous musicians such as Bob Marley as well as the revolutionary, Marcus Garvey, who fought for the rights and freedom of black people. It is also the birthplace of Rastafarianism, a popular and countercultural religious identity reflected through art and. English is the dominant language in Jamaica but with a distinctive linguistic style that is different from other English speakers.
| 2021 | |
| April 2 | Good Friday |
| April 5 | Easter Monday |
| May 23 | Labor Day / May Day |
| May 24 | Labor Day / May Day observed |
| August 1 | Emancipation Day |
| August 2 | Emancipation Day observed |
| August 6 | Independence Day |
| October 18 | National Heroes’ Day |
| December 25 | Christmas Day |
| December 26 | Boxing Day |
| December 27 | Day off for Boxing Day |
- Limited Liability
- Corporation
- Partnership
- Corporate Tax: 33.3% (standard rate), 25% (reduced rate for small companies)
- Income Tax (Lowest Marginal Rate): 0%
- Income Tax (Highest Marginal Rate): 25% (on income over J$1,500,000)
- VAT/GST/Sales Tax: 20% (services), 16.5% (goods)
- First Global Bank (Local Bank)
- Capital & Credit Merchant Bank (Parent-Capital & Credit Financial Group) (Local Bank)
- MF&G Trust & Finance (Local Bank)
- PanCaribbean Merchant Bank (Local Bank)
- Scotia DBG (Foreign Bank)
- The Bank of Nova Scotia (Parent -SCOTIABANK) (Foreign Bank)
- Citibank Jamaica (Parent -CITIBANK) (Foreign Bank)
- First Caribbean International Bank (Parent -CIBC) (Foreign Bank)
- National Commercial of Jamaica (Parent -Portland Holdings) (Foreign Bank)
- RBTT Jamaica Limited (Parent -Royal Bank of Trinidad & Tobago) (Foreign Bank)
Aadmi can support you with your expansion to Jamaica. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.
