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Jamaica boasts an open and
diverse economy with encouraging prospects. Free enterprise,
a strong brand identity and the expansion of benefits as
derived from the country's membership in the Caribbean Single
Market and similar trade agreements is supported by strong
political commitment.
Jamaica's strength as an investment
location is grounded in a number of factors, namely its
large English speaking population, its competitively priced
labor force, accessibility to a diverse and well educated
labor pool, and its ideal location for trading with the
rest of the Western Hemisphere.
In addition, the country ranked
21st for global interest as an inward investment location
and 12th in Foreign Direct Investment technology transfer
and has made tremendous strides in creating an environment
conducive to enterprise development.
Its proximity to the United
States, its historic and emerging relationship with the
Latin American bloc and its proximity to the Panama Canal
are noted as advantages. Additionally, the island is served
by an abundance of natural resources and a well developed
infrastructure.
Jamaica subscribes to a liberal
trade regime, and together with the generous fiscal and
market incentives available, has proven attractive to investors.
There are no restrictions on the movement of capital, profits
and dividends. There are virtually no exchange controls,
and no approval is required for repatriation of profits
and dividends.
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