Security is essential in Jamaica. Every business, construction site, event, and many residences need security services. The private security industry employs over 25,000 guards and continues growing. A security company with 20-50 guards can generate $2-8 million JMD monthly in contracts.
💡 Business Model: Recurring monthly contracts = predictable revenue. One corporate contract can be worth $500,000-2,000,000 JMD monthly.
Step 1: PSRA Licensing
- Private Security Regulation Authority (PSRA): Must be licensed to operate
- Company registration: Register your security firm with COJ
- Principal license: You need a principal's license to own/manage the company
- Background check: Police record required, no criminal convictions
- Training certification: Complete PSRA-approved training
- Insurance: Liability insurance required
Step 2: Guard Requirements
- Guard license: Each guard must have PSRA certification
- Training: HEART/NTA security training program or PSRA-approved
- Police record: Clean background check
- Age: 18+ years old
- Medical fitness: Health certificate
Step 3: Services & Pricing
| Service | Hourly Rate (JMD) | Monthly Value (24/7 post) |
|---|---|---|
| Basic guard service | $400 - 600 | $300,000 - 450,000 |
| Armed guard | $600 - 900 | $450,000 - 650,000 |
| Mobile patrol | $800 - 1,200/patrol | $200,000 - 400,000 |
| Event security | $500 - 800/guard | Per event |
| Executive protection | $1,500 - 3,000 | Premium pricing |
Step 4: Startup Costs
| Category | Cost (JMD) |
|---|---|
| PSRA licensing & registration | $100,000 - 200,000 |
| Office setup | $200,000 - 500,000 |
| Uniforms (20 guards) | $200,000 - 400,000 |
| Equipment (radios, flashlights, etc.) | $150,000 - 300,000 |
| Insurance (annual) | $200,000 - 500,000 |
| Vehicle (patrol/supervisor) | $800,000 - 2,000,000 |
| Working capital (2 months payroll) | $1,000,000 - 3,000,000 |
| TOTAL | $2,650,000 - 6,900,000 |
Step 5: Get Contracts
- Commercial properties: Plazas, offices, warehouses
- Construction sites: Short-term but high volume
- Residential communities: Gated communities, townhouse complexes
- Events: Concerts, parties, corporate events
- Banks & financial: Higher standards, better pay
- Hotels & resorts: Large contracts, prestige clients
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