Only 4% of Jamaicans utilize online portals to transact government business.

That’s according to a recent survey conducted by the Inter- American Development Bank, IDB, in a number of Caribbean and Latin American nations.

General Manager of the IDB’s Country Department Caribbean Group and Country Representative for Jamaica, Therese Turner Jones, revealed the findings as she addressed  the launch of the Companies Office of Jamaica’s Electronic Business Registration Form at the Jamaica Pegasus Hotel in New Kingston on Wednesday.

She says in the Caribbean and Latin America, 90% of all transactions are still done in person.

Therese Turner Jones, General Manager of the IDB’s Country Department Caribbean Group and Country Representative for Jamaica.

She says, on average, it takes over four hours to transact business in the region.

Mrs Turner Jones says it costs taxpayers more money when transactions are done in person.

Meanwhile, Minister of Industry, Commerce, Agriculture and Fisheries, Audley Shaw, is urging small and medium sized entrepreneurs to join the formal sector by registering their businesses.

Mr Shaw says this would make it easier for this category of business owners to access capital.

Audley Shaw, Minister of Industry, Commerce, Agriculture and Fisheries.

He too was addressing the launch of the Companies Office of Jamaica’s Electronic Business Registration Form at the Jamaica Pegasus Hotel in New Kingston.

Among other things, the new system allows entrepreneurs to register their businesses online.