Yes, anyone can register a limited company or business name in Jamaica, and the process is relatively straightforward. However, if you are a real estate agent or realtor associate working under a licensed broker, the situation becomes more complex when it comes to forming a limited company for the purpose of claiming back expenses or managing income.
As per the Real Estate (Dealers and Developers) Act in Jamaica, real estate agents and realtor associates must operate under a licensed broker. In this arrangement, the broker is responsible for paying you directly for your services. You do not act as an independent contractor to the broker; rather, you are considered as working directly for them, and any income you generate must be recorded on their books. Therefore, a broker will typically not pay a limited company you have set up for yourself. They will pay you directly as an individual agent, reflecting your status as an employee or associate within their brokerage.
Operating through a …
