WASHINGTON, USA (JIS) -- Jamaica has won international praise for making it easier in the past year, to register property, through fast-track procedures it introduced, saving local entrepreneurs time and money.
According to the 'Doing Business 2011: Making a Difference for Entrepreneurs', "Jamaica eased the transfer of property by lowering transfer taxes and fees, offering expedited registration procedures, and making information from the company registrar available online."
This report, the eighth in a series of annual reports published by the International Finance Corporation (IFC) and the World Bank, noted the strides made in the registration of simple property sales in Jamaica, which is now possible in two days, down from seven.
Other Caribbean countries singled out for making positive reforms that have benefiting the business climate, include Grenada, Guyana, and Haiti.
Read more at Caribbean News Now
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