MIIC Productive Input Relief (PIR) and Manufacturing Status Incentives
Jamaica
A fiscal incentive pathway for approved manufacturers. Benefits may include duty-free importation, a 50% discount on Customs Administrative Fees, and GCT deferral on imports, plus related manufacturing incentives where applicable.
FUNDS
US$500,000 - US$500,000
INTEREST RATE
12%
INDUSTRIES
Eligibility
ANNUAL REVENUE
US$500,000 - US$500,000
REQUIRES COLLATERAL
4 YEARS
Qualifications
Companies approved for Manufacturing Status. MIIC states that incentives apply to raw materials, intermediate goods, consumables, packaging items, and equipment or machinery and spare parts used in production, quality assurance, or testing.
Documents Required
Contact MIIC Industry Division for the current Manufacturing Status and PIR application requirements. MIIC lists raw materials, intermediate goods, consumables, packaging items, equipment or machinery and spare parts as applicable categories.
Application Process
Contact MIIC's Industry Division at industry@miic.gov.jm or 876-968-7116 to confirm requirements and submit the relevant application.
Other Information
This is not a cash grant or loan. It is a cost-relief/fiscal incentive opportunity that may reduce import and production costs for qualifying manufacturers.
Ministry of Industry, Commerce, Agriculture & Fisheries
The Ministry of Industry, Commerce, Agriculture and Fisheries (MICAF) has been charged with the responsibility of driving the integration of the production of primary agricultural produce along all the stages of the supply chain through to value added and facilitating full commercialization of outputs of the agriculture, manufacturing, and service sectors.
Hope Gardens, Kingston 6, Jamaica
(876) 968-7116
(876) 927-1731-5
(876) 619-1731
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