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10 Easy Steps to Save $$$

  1. Collect application form for either Approved Developer or Approved Organization, from the UDC.
  2. Before submitting your application, discuss with the Project Manager, PEU to clarify any issues, which may be unclear. You may also request a pre-application meeting with the Technical Sub-Committee to get general guidelines on your project.
  3. Apply for either 'approved developer or approved organization" status. Applications should include all required documentation, (see Item 4a and b of Act). For approved developer status application fees of .0 25% of the Quantity Surveyor's Estimate of capital expenditure or $10,000, whichever is greater.
  4. Property to be developed/renovated/improved should fall within the declared special development area (or contiguous to it).
  5. You must satisfy the normal requirements under the Town and Country planning Act, the Natural Resources Conservation Authority Act, or the Local improvement Act.
  6. Have separate accounts for development activities, where the developer is engaged in more than one activity.
  7. Prepare all required documentation for submission with application:
    1. Copy of Certificate of Title or other proof of ownership or agreement for lease or letting of the property.
    2. Copy of evidence of Planning and building permission from local authority (KSAC or Parish Council).
    3. Certified copy of the memorandum and Articles of Association and Certificate of Incorporation or any instrument constituting the body or partnership.
    4. Copy of current audited accounts for the Company as certified by a practicing public accountant.
    5. Copy of Bill of Quantities for the development
    6. The names and address of the Secretary, each director or partner and senior officials.
    7. Name of Licensed Financial Institution.
    8. For buildings of historical significance - approval from the Jamaica National Heritage Trust (JNHT) is important.

    NB. Items i, v, vi, viii, and ix are necessary for applicants for Approved Organization status.

  8. Submit completed application (in duplicate) along with required documents to the PEU.
  9. Completed applications will be assessed by the Incentive Recommendation Committee and once everything is in order, a recommendation is made to the Minister of Finance for approved status to be granted.
  10. Once approved, the order is Gazetted and the relevant Tax authorities advised and you may then proceed to apply to the relevant body for your tax incentive.
Section: 
Tax Incentive Programme