Jampro, PICA working to make it easier to invest in Jamaica

JAMAICA Promotions Corporation (Jampro) and the Passport, Immigration and Citizenship Agency (PICA) have cemented their commitment to partnering on initiatives that will make investing in Jamaica easier for international investors.

Heads of both agencies signed a memorandum of understanding (MOU) on the matter yesterday.

According to a release from Jampro, the two agencies will collaborate on the development and execution of processes to facilitate investors and their investments, and will combine their efforts to lobby for policy changes that will positively impact investors.

The release said, too, that they will focus on initiatives that will expedite investment projects and facilitate the movement of serious investors.

Jampro and PICA have also committed to sharing knowledge that will build capacity within each organisation, the release continued.

As Jampro guides investors through the necessary steps to making their projects possible, including immigration and related matters, the release said the agency found it critical to collaborate further with PICA to make recommendations to streamline immigration processes that affect investments.

Both parties have reportedly prioritised working together with the aim of facilitating foreign direct investment in an effort to stimulate economic growth and job creation.

Andrew Wynter, the chief executive officer of PICA, said the agency was pleased to increase its cooperation with Jampro.

“This is another example of two Government agencies coming together to work for the common good of the country, so we welcome the participation and partnership with Jampro on this initiative,” he is quoted as saying in the release.

Meanwhile, Jampro President Diane Edwards said she had great expectations for the partnership.

“We are looking forward to this partnership with PICA as they have committed to working with us to improve immigration processes that affect investments. As we target more investment projects, Jampro hopes to look at different tiers of visas, including an investor visa, that will allow Jampro verified investors a more seamless immigration experience.

“We are fully supportive of this partnership, and I believe that this will be a fruitful relationship for both organisations,” she said.

Source: Jamaica Observer

Published Date: November 16th, 2018