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Two types of company may be registered in Jamaica, according to the legal firm Nunes, Schofield, DeLeon and Co. The first, the private company, requires at least two shareholders. The second, the public company, requires at least seven members.
Required documents are the memorandum and articles of association of the company, which must be filed with the registrar of companies. There are no restrictions on persons who may hold shares in a company and only a few restrictions on who may be directors. An undischarged bankrupt cannot be a director without permission of a court. Shareholders are not personally liable for company debts, but directors can be for, for example, trading while the company is insolvent.
Shares in a company can...