This document discusses the importance of business registration for economic growth. It notes that business registration provides legal identity and transparency which allows firms to enter into contracts. This facilitates access to both domestic and international finance which supports greater economic growth. The document also outlines how the Asian Development Bank has supported business and secured transactions registries in the Pacific region through initiatives like the Pacific Private Sector Development Initiative and Mekong Business Initiative. It provides examples from the Solomon Islands of the results of registration reforms, including increased new business incorporations and reductions in the time and cost of business registration.