THE recently introduced super form has made registering a business take 60 per cent longer, while it hasn’t reduced the cost, according to Caribbean Policy Research Institute (CaPRI) estimates.
Its introduction in January was supposed to make setting up business easier, enabling entrepreneurs to go to a single location —
the Companies Office of Jamaica (COJ) — for their company’s paperwork.
“What was to have been a more efficient process has resulted in a longer time to complete the business registration process, and no reduction in costs,” said CaPRI co-executive director, Christopher Tufton, in his address to the Jamaica Chamber of Commerce (JCC) at their monthly meeting yesterday. “Because the IT infrastructure is not yet in place… it increases the amount of time it takes to register a company from six days to 10 days.”
Published in the Jamaica Observer
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