Business
How to purchase stock in Jamaica – For non-residents
There is very little difference between a resident of Jamaica and a non-resident purchasing or investing in stock in Jamaica.
The same rules and processes apply regardless of the stock being purchased.
A resident of a foreign country who is investing in Jamaican stock(s) must initially open an account with a local stock brokerage firm.
The client opening forms are available online. The forms must be printed and sent to the brokerage house with an original signature. A notarized copy of the investor’s identification is also required.
Canadian residents are required to present a copy of their Social Insurance Number (SIN), similarly US residents are required to present a copy of their Social Security Number (SSN), or, alternatively, they could apply for a Jamaican Taxpayer Registration Number (TRN).
Persons investing in Government of Jamaica securities must have a TRN. Social security numbers (or social insurance numbers) are not acceptable for such transactions.
