This is the Best Caribbean Island For Starting a Business

By: Caribbean Journal Staff - November 11, 2014

Above: Kingston (CJ Photo)

By the Caribbean Journal staff

Continuing our look at the 2015 Doing Business Report, we looked this week at how long it takes to start a business in the Caribbean.

The report’s “starting a business” rankings look at the number of procedures, time and cost for small and medium-sized limited liability companies (or their local legal equivalent) to start up and formally operate. (Doing Business uses a standardized business that is 100 percent locally owned, has startup capital equivalent to 10 times income per capita and employs between 10 and 50 people within its first month, among other criteria.)

So which Caribbean island emerged at the head of the class this year?

It was Jamaica, which was ranked 20th in the world based on the series of criteria.

In Jamaica it took about 15 days to start a business, a number that was mitigated by a very low number of procedures, among other factors.

The next best island for starting a business was Puerto Rico, according to the report.

See below for the full Caribbean rankings on starting a business.


Popular Posts cape santa maria

From Anguilla to Aruba, the Best Caribbean Beaches to Visit This Summer

Forget the Hamptons, forget Santorini. And Florida? There’s a reason snowbirds go home in the summer. If you’re looking for a summertime beach getaway, the Caribbean is it. The water is deliciously warm, the trade winds keep you cool and […]

From Belize to Grenada, 10 Little Caribbean Beach Resorts to Visit Right Now 


There are different resorts for different vacations, different tastes, different moods. For some, there’s something delicious about a pint-sized, tiny Caribbean resort, where the emphasis is on the intimate, the serene. Where the soundtrack isn’t a piped-in DJ set, but […]

American Airlines Adding More Flights as Cayman Islands Travel Demand Surges

american airlines beach with brush and blue sky

As part of a continued push to the Caribbean for the upcoming winter, American Airlines is adding another daily nonstop route, Caribbean Journal has learned.  American Airlines is transitioning to daily nonstop service between Dallas-Fort Worth and Grand Cayman in […]

Related Posts capital signal

How Capital Signal Is Leading the Caribbean Marine Construction Industry

In a region of islands, marine construction isn’t just important — it’s essential. For more than three decades, one company has been at the forefront of marine construction: Trinidad and Tobago’s Capital Signal, which has worked on some of the […]

Which Caribbean Islands (And Hotels) Are Hot Right Now, According to Travel Agents

hammock cove in antigua

As the summer season approaches, travelers have lots of questions, from how to avoid overly expensive flights to where to stay. Several Caribbean and Mexico travel specialists recently shared their outlook for the summer season and some tips and advice […]

This Grenada Resort Has a New Executive Chef 

grenada resort with pool inside room

If you know Grenada, you know Calabash, the luxury boutique hotel that’s always set a standard for culinary excellence on the island.  The beachfront resort is now upping its game again, with the recent appointment of a new executive chef, […]


Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.

No. Thank You