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This website is intended to help you understand Beneficial Ownership and amendments
to the Companies Act. The website is managed by the Companies Office of Jamaica.
Man at his Desk

Companies (Amendment) Act Passed

The amendments to the Companies Act 2023 aims to strengthen Jamaica’s anti-money laundering, counter-terrorism, and proliferation of arms financing efforts as it relates to legal persons.

Quick Overview
Main Features in the Amendment
  • All companies, profit and non-profit, will be required to state the beneficial owner of the company. The Beneficial Ownership threshold was lowered from 50% to 25% for companies with shares.

  • New powers of the Registrar/COJ to verify beneficial ownership information through investigation and inspection.

  • The COJ will no longer charge the Annual Return penalty under Section 121. Only late fees will be collected.

WATCH: Presentation on the Amendments

Our New Presentations

Kindly download updated presentations on Understanding Beneficial Ownership and a Practical Approach to Understanding the New Forms

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