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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.
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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
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Take our Online

Beneficial Ownership Training Course

Advance your knowledge and understanding of amendments to the Companies Act and identifying beneficial owners. This course will help you navigate filing documents, equip you with best practices and remaining compliant.

Modules:

  • Identifying Beneficial Owners

  • Obligations

  • Sanctions

  • New Powers

  • New Forms

CLPD Credits Available

Generate Your
Beneficial Ownership Organisation Chart

Recommended Resource

Lexchart draws your company structure chart with powerful artificial intelligence to handle any company structure, even large and complex businesses and corporations.

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Download
Our New Presentations

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

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