The Companies Office of Jamaica (COJ) is reporting a record number of entity registrations for last year; 27% of which was done using its recently launched Electronic Business Registration Platform (eBRF). The record registration was achieved despite the Covid-19 Pandemic and the temporary suspension of the Agency’s business mobile.
Entrepreneurs and investors in 2020 registered 12,809 Business Names and 3,935 companies. This reflects an increase of 12% for business names and 3% for companies over the previous year, 2019.
CEO and Registrar, Judith Ramlogan, stated, “We expected an increase in the usage of the eBRF platform given the Pandemic. A lot of persons chose to go online because it was safer and more convenient. We, however, did not anticipate the significant increases in registration numbers given the effect of the Pandemic on the economy. The increase shows that persons have been pivoting to create employment for themselves and they are choosing formalization over informality.”
The top registration categories by entity types are construction, 275, and Restaurants, Bars and Canteens, 1,343, for company and business, respectively. Ramlogan noted that, “As an Agency, we are happy that persons are choosing formalization. We saw that during the Pandemic entrepreneurs had access to a Covid-19 grant which may have served as an incentive and driven home the point that registration is important.”
While admitting to some difficulties posed by the online system, Ramlogan indicated that the Agency is aware of the issues and is treating resolution as a matter of great urgency, “We acknowledge there are some issues that need to be worked out and we are putting in the resources to have them addressed. The registration platform although only available for new entity registration at this time will enable the Agency to offer its full suite of services online in the near future. As the COJ continues to build it out incrementally we continue to crave the understanding of our customers.”
The eBRF represents the electronic version of the COJ’s Super Form which introduced the onestop-shop approach to entity registrations, linking several crucial government agency systems
Companies Office of Jamaica 1 Grenada Way Kingston 5 Jamaica W.I.
Tel: (876) 908.4419-24 Fax: (876) 908.4425 / (876) 960.7152
Web: http://www.orcjamaica.com Email: email@example.com
The Companies Office of Jamaica is an Executive Agency of the Ministry of Industry, Investment & Commerce. and thus providing a complete registration. When the registration process is complete the business is registered with the COJ, TAJ, NIS, NHT and HEART Trust.
Kawain Fearon Contact: 260-4334/908-4419-25 (ext 23106)
Email: firstname.lastname@example.org email@example.com