On 26 September 2012, the Parliament approved a Bill (Income Tax (Amendment) Act 2012), which aims at encouraging foreign companies to establish head offices in Jamaica.
Non-resident Jamaican officers of such companies will be exempt from income tax.
Such companies are required to obtain approval from the relevant Minister. The criteria to obtain approval requires that the foreign company must be:
| - | incorporated in Jamaica; | |
| - | its staf… |