Importance of business registers for the reduction of informal activities in a given economy prabha chinien
1. 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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2. 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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3. The Mauritian Experience
• Why reforms important for any given economy
• Informal /parallel economy
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4. 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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5. National Objective
Reducing the number of informal businesses through:
National plan and reengineering processes
Review of legislation
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6. 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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7. Increasing efficiency of the Business
Register
User - friendly approach
Conducive environment for registering businesses
Adopting and adapting best practices
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8. Facilitating businesses – Putting
People first…
Through
Companies Act
Business Registration Act - obligation to register if doing business
Limited Partnership Act
Foundation Act
Insolvency Act
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9. Corporate and Business Registration
Department
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Business Registration Act 2002 Companies Act 2001 Limited Partnership Act 2011 (Act No 28 of 2011) Foundation Act (Act No 8 of 2012)
Foundations Act
Act No 8 of 2012
Companies Act 2001 Business Registration
Act 2002
Limited Partnerships
Act 2011
(Act No 28 of 2011)
9
10. Incentives for the creation of
businesses
Flexible provisions and new approach in law
Small private companies
No auditor
No financial statements
One person company
Exemption of fees for an initial period
No charge for payment by credit card up to 800 USD
Simple and straight forward application forms
One - time registration
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11. 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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13. 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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14. Applicant
Application
for OP/RP
RoC
RoC
MRA
BOI Officers PIO Officers
Verification & Validation
Checks
Appointment with
applicants
Joint Committee PMO BOI
Exe Officer
SubmitOnline
Application
Interfaceswith
RoC&MRA
Applicant present in Mauritius
Submitfor
Review
Recommend
ForApproval
Approve/Reject
Permit
Web Services
Registration
Certificate
MRA
Web Services
PIO
Export Permit
Details
Issue Permit
Online
Permit Process Workflow
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15. Benefits
• Seamless integration among various Government Agencies
• Independent of any solution technology
• Improve business agility & reusability
• Reduce cost
• Rapid deployment
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16. CRF RIO BRAZIL 2014 16
As at 30/09/2006 As at 11/03/2014
No of Companies registered 34377 70656
Individual Businesses 0 136655
Limited Partnership 0 25
Foundation 0 100