Investment Division
The Investment Division is a crucial component of Jamaica’s Ministry of Industry, Investment, and Commerce (MIIC), committed to promoting business development. Its primary responsibilities include formulating and executing investment policies, strategies, programs, and projects to stimulate both domestic and international investments, thereby fostering sustainable development.
National Investment Policy
To facilitate investment, the Division provides policy advice and recommendations on supportive laws, regulations, incentives, and international agreements, promoting transparency and predictability in investment procedures. It collaborates with key stakeholders from the public and private sectors to design and execute investment-focused initiatives.
Key Aspects of the National Investment Policy:
- Enhancing Economic Stature: Implementing business environment reforms to improve Jamaica’s economic position and broaden investment opportunities.
- Stimulating Investments: Providing improved services to attract investments and address investor needs.
- Intellectual Property Protection: Strengthening the policy framework for intellectual property to align with global standards.
- Promoting Innovation: Encouraging innovative practices within the investment landscape.
- Balancing Rights and Responsibilities: Ensuring a fair balance between investor rights and the responsibilities of the host state, Jamaica.
Agency/Department Liaison:
The Investment Division works closely with key agencies to facilitate investment processes:
- Jamaica Promotions Corporation (JAMPRO): The national agency responsible for promoting business opportunities in export and investment to the local and international private sector.
- Jamaica Special Economic Zone Authority (JSEZA): Oversees the development and regulation of special economic zones to attract investments.