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Corporate Registers Forum 2014
Importance of Business Registers for the reduction of informal activities in an economy
D.P.Chinien (Mrs)Mauritius
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Agenda
• Role of Business Registers • National strategy• How to make the business registers more efficient• Impact on way of doing business
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The Mauritian Experience
• Why reforms important for any given economy
• Informal /parallel economy
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Some statistics…• Strategic location of Mauritius• Population of 1.2 m• Poised to be the leader in the region Economic trajectory - Diversification of the economy since late 1990s From mono crop economy to diversified one Improvement in the business environment and increase in
number of businesses created.
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National Objective
Reducing the number of informal businesses through:
National plan and reengineering processes
Review of legislation
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Setting the scene - Role and Importance of a Business Register Focal point to start a business - CBRD Making the office of the Registrar of Companies the depository
for a central database for all businesses Key role of the Government online centre Moving away from role of a regulator to that of a facilitator Establishing linkages with various agencies
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Increasing efficiency of the Business Register
User - friendly approachConducive environment for registering businessesAdopting and adapting best practices
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Facilitating businesses – Putting People first…Through Companies ActBusiness Registration Act - obligation to register if doing businessLimited Partnership ActFoundation ActInsolvency Act
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Corporate and Business Registration Department
Business Registration Act 2002 Companies Act 2001Limited Partnership Act 2011 (Act No 28 of 2011) Foundation Act (Act No 8 of 2012)
Foundations ActAct No 8 of 2012
Companies Act 2001 Business Registration Act 2002
Limited Partnerships Act 2011(Act No 28 of 2011)
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Incentives for the creation of businesses Flexible provisions and new approach in law Small private companies No auditor No financial statements One person companyExemption of fees for an initial period
No charge for payment by credit card up to 800 USDSimple and straight forward application formsOne - time registration
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Using IT…… On line application software providing access of Central Population
Database (CPD) for the validation of National Identity Number Establishing the link with other departments through the Central
Business Registration Database (CBRD) Establishing the interface with public through the MNS Extensive use of IT
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Linkages with Agencies
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INTEGRATED APPROACH ADOPTED TO ATTRACT INVESTORS
Example : PERMIT SYSTEM WITH WEBSERVICE INTEGRATION
• BOARD OF INVESTMENT (MAURITIUS) • PASSPORT & IMMIGRATION OFFICE • MAURITIUS REVENUE AUTHORITY• REGISTRAR OF COMPANIES
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Applicant Application for OP/RP
RoC
RoC
MRA
BOI Officers PIO OfficersVerification & Validation
ChecksAppointment with
applicants
Joint Committee PMO BOI Exe Officer
Subm
it O
nlin
eAp
plic
ation
Inte
rfac
es w
ith R
oC &
MRA
Applicant present in Mauritius
Subm
it fo
r Re
view
Reco
mm
end
For A
ppro
val
Appr
ove/
Reje
ct
Perm
it
Web Services
RegistrationCertificate
MRA
Web Services
PIOExport Permit
Details
Issue Permit Online
Permit Process Workflow
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Benefits
• Seamless integration among various Government Agencies• Independent of any solution technology• Improve business agility & reusability• Reduce cost• Rapid deployment
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As at 30/09/2006 As at 11/03/2014
No of Companies registered 34377 70656Individual Businesses 0 136655Limited Partnership 0 25Foundation 0 100
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Conclusion Leading the way
…………………… in business registration
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