Jamaica is one step closer to establishing itself as an International Financial Center.

This as Minister Without Portfolio in the Ministry of Economic Growth and Job Creation, Daryl Vaz, tabled the Partnership General and Partnership Limited Bills in the House of Representatives yesterday.

[audio_mp3 url=”https://nationwideradiojm.com/wp-content/uploads/2016/10/Vaz-on-two-bills-18OCT2016.mp3″]

The Bills were passed in the Lower House last year.

However they were not passed in the Senate before parliament was dissolved ahead of the February 25 General Election.

The legislation will abolish the 20 member limit before a partnership can be registered as a company.

The Bills will also allow a partnership to exist as a separate legal entity from its members.

[audio_mp3 url=”https://nationwideradiojm.com/wp-content/uploads/2016/10/Vaz-on-partnerships-18OCT2016.mp3″]