The Companies Office of Jamaica, COJ, says more than 23,000 new business entities were registered in 2024.
This represents an increase of nine per cent compared to 2023.
In a statement COJ says this underscores the confidence felt by entrepreneurs in doing business in Jamaica.
Since 2019, the agency says it has made substantial progress in delivering more convenient services to facilitate business registration.
It says a key milestone in the initiative includes the launch of its Electronic Business Registration Platform, which, has enabled more than 27,000 entities to register seamlessly.
Chief executive officer and registrar at the COJ, Shellie Leon, noted that the positive trend is a testament to the resilience, innovation and efforts by entrepreneurs to move beyond the hustle and formalise their investment.
She says they want more entrepreneurs to formalise so that they can access benefits.
As such, the COJ says it is moving to further improve its online platform to facilitate increased compliance, thereby ensuring that businesses remain on a pathway to success.
Last year, the COJ announced that it will be adding business renewal and business closure services to its online offerings.
To register a business online, persons may visit www.orcjamaica.com.
The service is available 24/7 and facilitates online payment and delivery options for the company or business name certificates.
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