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Corporate Registers Forum 2014

Corporate Registers Forum 2014. Importance of Business Registers for the reduction of informal activities in an economy. D.P.Chinien (Mrs) Mauritius. Agenda. Role of Business Registers National strategy How to make the business registers more efficient

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Corporate Registers Forum 2014

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  1. Corporate Registers Forum 2014 Importance of Business Registers for the reduction of informal activities in an economy D.P.Chinien (Mrs) Mauritius CRF RIO BRAZIL 2014

  2. Agenda • Role of Business Registers • National strategy • How to make the business registers more efficient • Impact on way of doing business CRF RIO BRAZIL 2014

  3. The Mauritian Experience • Why reforms important for any given economy • Informal /parallel economy CRF RIO BRAZIL 2014

  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. CRF RIO BRAZIL 2014

  5. National Objective Reducing the number of informal businesses through: • National plan and reengineering processes • Review of legislation CRF RIO BRAZIL 2014

  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 CRF RIO BRAZIL 2014

  7. Increasing efficiency of the Business Register • User - friendly approach • Conducive environment for registering businesses • Adopting and adapting best practices CRF RIO BRAZIL 2014

  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 CRF RIO BRAZIL 2014

  9. Corporate and Business Registration Department CRF RIO BRAZIL 2014

  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 CRF RIO BRAZIL 2014

  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 CRF RIO BRAZIL 2014

  12. Linkages with Agencies CRF RIO BRAZIL 2014

  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 CRF RIO BRAZIL 2014

  14. Permit Process Workflow Approve/Reject Permit Submit Online Application Recommend For Approval Interfaces with RoC & MRA Submit for Review RoC MRA MRA PIO Officers BOI Officers Application for OP/RP Web Services Applicant Verification & Validation Checks Appointment with applicants PMO BOI Exe Officer Joint Committee Issue Permit Online Export Permit Details Web Services Registration Certificate Applicant present in Mauritius PIO RoC CRF RIO BRAZIL 2014

  15. Benefits Seamless integration among various Government Agencies Independent of any solution technology Improve business agility & reusability Reduce cost Rapid deployment 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 CRF RIO BRAZIL 2014

  17. Conclusion Leading the way …………………… in business registration CRF RIO BRAZIL 2014

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