Definition of Micro, Small and Medium-sized Enterprises
Any business entity organized for profit, with a place of business located in Jamaica, and which operates primarily within Jamaica or makes a significant contribution to the Jamaican economy through payment of taxes or use of Jamaican products, materials or labour may be eligible for a voucher. These companies must operate in the productive sectors and should at least be registered as a sole trader. The table below defines the characteristics of the eligible MSMEs:
Firm Size |
No. of employees |
Total Annual Sales/Turnover |
Micro | ≤ 5 | ≤ J$10 million |
Small |
6 – 20 |
> $10 million ≤ J$75 million |
Source: MIIC MSME Policy
Prohibited Business Relationships
The DBJ is prohibited from entering into a business relationship with the following categories of businesses:
- Shell Banks
- Telegraph/Wire Transfer Offices
- Money/Currency Exchange Houses
- Unauthorised Telephone card sales
- Pyramid Sales Schemes
- Fantasy Phone Call Companies
- Internet Gaming (including Sports Books)
- Internet or Virtual Casinos
- Unauthorised Direct Sales/Marketing
- Cambios (unlicensed)
- White Label Automatic Banking Machine (ABM) Operators
- Massage parlours
- Escort Services
- Adult Content Web Sites
- Sale/Distribution of pornographic or obscene material and other sexual communication/ paraphernalia
Acceptable Forms of Identification
When accessing service from an accredited Business Development Organisation (BDO) each entrepreneur must present two (2) forms of identification as described below:
- At least one must be a valid government -issued document (i.e. passport, driver’s license, elector registration identification card) containing a photograph and the customer’s signature;
- The second must be a valid official item with or without signature and/or photograph (e.g. birth certificate accompanied by a Declaration of Identity) both signed by a Justice of the Peace, Minister of Religion or Attorney-at-Law confirming the identity of the customer, employee ID from a known employer, a TRN Card or any other form of identification deemed as acceptable by the Bank;
Source: DBJ’s Anti-Money Laundering and Anti-Terrorism Financing Policy and Procedure, March 2015 - http://dbankjm.com/download-documents