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Corporate Registers Forum
2014
Importance of Business Registers
for the reduction of informal activities in an economy
D.P...
Agenda
• Role of Business Registers
• National strategy
• How to make the business registers more efficient
• Impact on wa...
The Mauritian Experience
• Why reforms important for any given economy
• Informal /parallel economy
CRF RIO BRAZIL 2014 3
Some statistics…
• Strategic location of Mauritius
• Population of 1.2 m
• Poised to be the leader in the region
Economic ...
National Objective
Reducing the number of informal businesses through:
 National plan and reengineering processes
 Revie...
Setting the scene - Role and Importance of
a Business Register
 Focal point to start a business - CBRD
 Making the offic...
Increasing efficiency of the Business
Register
User - friendly approach
Conducive environment for registering businesses...
Facilitating businesses – Putting
People first…
Through
Companies Act
Business Registration Act - obligation to register...
Corporate and Business Registration
Department
CRF RIO BRAZIL 2014
Business Registration Act 2002 Companies Act 2001 Limit...
Incentives for the creation of
businesses
Flexible provisions and new approach in law
 Small private companies
 No audit...
Using IT……
 On line application software providing access of Central
Population Database (CPD) for the validation of Nati...
Linkages with Agencies
CRF RIO BRAZIL 2014 12
INTEGRATED APPROACH ADOPTED TO ATTRACT
INVESTORS
Example :
PERMIT SYSTEM WITH WEBSERVICE INTEGRATION
• BOARD OF INVESTMENT...
Applicant
Application
for OP/RP
RoC
RoC
MRA
BOI Officers PIO Officers
Verification & Validation
Checks
Appointment with
ap...
Benefits
• Seamless integration among various Government Agencies
• Independent of any solution technology
• Improve busin...
CRF RIO BRAZIL 2014 16
As at 30/09/2006 As at 11/03/2014
No of Companies registered 34377 70656
Individual Businesses 0 13...
Conclusion
Leading the way
…………………… in business registration
CRF RIO BRAZIL 2014 17
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Importance of business registers for the reduction of informal activities in a given economy prabha chinien

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Transcript of "Importance of business registers for the reduction of informal activities in a given economy prabha chinien"

  1. 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 1
  2. 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 2
  3. 3. The Mauritian Experience • Why reforms important for any given economy • Informal /parallel economy CRF RIO BRAZIL 2014 3
  4. 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 4
  5. 5. National Objective Reducing the number of informal businesses through:  National plan and reengineering processes  Review of legislation CRF RIO BRAZIL 2014 5
  6. 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 6
  7. 7. Increasing efficiency of the Business Register User - friendly approach Conducive environment for registering businesses Adopting and adapting best practices CRF RIO BRAZIL 2014 7
  8. 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 8
  9. 9. Corporate and Business Registration Department CRF RIO BRAZIL 2014 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. 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 10
  11. 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 11
  12. 12. Linkages with Agencies CRF RIO BRAZIL 2014 12
  13. 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 13
  14. 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 CRF RIO BRAZIL 2014 14
  15. 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 15
  16. 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
  17. 17. Conclusion Leading the way …………………… in business registration CRF RIO BRAZIL 2014 17
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