Prime Minister Andrew Holness
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Prime Minister Andrew Holness says the government is looking to increase international business and investments.
He says the government is making headway to enact and amend legislation to attract investment.
Mr. Holness says these legislative changes will pertain to the Jamaica International Financial Services Authority (JIFSA), a statutory body established in 2011 with the primary role of promoting and marketing Jamaica as a jurisdiction for international and financial business services.
Under JIFSA, the government passed the Partnership General Act, the Partnership Limited Act as well as the Trust Act of 2019.
The government has also passed the Trust and Corporate Services Providers Act and the associated regulations, which were gazetted in April 2022.
This Act, Mr. Holness explained, seeks to "promote and maintain high standards of conduct, ethics, and competence in the provision of international, corporate, and trust services".
The Prime Minister said the government is contemplating other legislation to fill gaps in the framework and ensure global standards are met.
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