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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
CRF RIO BRAZIL 2014 1
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
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 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
National Objective
Reducing the number of informal businesses through:
 National plan and reengineering processes
 Review of legislation
CRF RIO BRAZIL 2014 5
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
Increasing efficiency of the Business
Register
User - friendly approach
Conducive environment for registering businesses
Adopting and adapting best practices
CRF RIO BRAZIL 2014 7
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
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
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
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
Linkages with Agencies
CRF RIO BRAZIL 2014 12
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
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
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
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
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

  • 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. 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. The Mauritian Experience • Why reforms important for any given economy • Informal /parallel economy CRF RIO BRAZIL 2014 3
  • 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. National Objective Reducing the number of informal businesses through:  National plan and reengineering processes  Review of legislation CRF RIO BRAZIL 2014 5
  • 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. 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. 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. 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. 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. 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. Linkages with Agencies CRF RIO BRAZIL 2014 12
  • 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. 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. 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. 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. Conclusion Leading the way …………………… in business registration CRF RIO BRAZIL 2014 17