Effective April 4, the Companies Office of Jamaica (COJ) will be implementing changes to its fee structure for services related to the registration of business names.
Speaking at on February 16 JIS ‘Think Tank’, Compliance Manager of the COJ, Heather Sutherland said that the changes would include increases in fees for some services and the introduction of other services, to allow the COJ to operate more efficiently and improve service delivery, while satisfying their customers’ needs as best as possible.
“These fees were gazetted about a year ago and so, we are in the process of informing all business owners that if you are not renewed or registered, now is the time before the new fees come in effect,” Miss Sutherland informed, reminding persons that if the fees are paid now, they will not have to worry about the fee increase until another three years, when next renewal will be due.
The Compliance Manager outlined that the fee to register or renew as a sole trader or one-person operation will move from $2,000 to $2,500.
Registration or renewal of partnerships (two to five partners) will be increased to $2,500, up from $2,000, while registration or renewal of partnerships (six to 20 persons) will be $5,000, up from $2,000. The cost to register or renew a trade name will move from $2,500 to $3,000.
A same-day express service for $3,000 will be introduced, while the next day express service currently being offered, will remain at $1,500.
Likewise, there are other services which will remain at the current cost, including the registration of a branch business for $1,000; notification of change in particulars, that is, change of business name, business address and addition to partners, $2,000; notification of closure of business, $600; certified copy of registration certificate, $1,000, and late fee charge, $1,000.
Miss Sutherland is urging customers, particularly small business owners, to take advantage of this period leading up to the implementation of the new fee structure.
For further details on fees, current or new services, persons may call: 908-4419-24, or visit the website at: www.orcjamaica.com.
CONTACT: KADIAN BROWN