About the Client
Ministry of Finance and Health – Registry of Commercial Activities
The Registry of Commercial Activities, under the Ministry of Finance and Health, is responsible for the incorporation and registration of companies (legal entities and arrangements) and the provision of statutory company information to the public. This department serves as the central repository of public statutory information on Anguillian companies.
Challenge
The project aimed to develop a robust, stable, secure, and commercially viable electronic system for the Commercial Registry. The goal was to create the Commercial Registry Electronic System (CRES), replacing the legacy Anguilla Commercial Online Registration Network (ACORN). This system would enhance Anguilla’s financial services sector by increasing revenue collections, supporting broader reporting requirements, and enabling more digital services.
Solution
The Government of Anguilla engaged NRD Companies to enhance the business environment by developing and implementing a digital business registry system. This system offers a fully digital experience for both local and foreign business owners.
Based on the Ministry of Finance and Health’s requirements, the Commercial Registry of Anguilla was developed with numerous functionalities, including incorporation, business name registration, documentation registration, enforcement of the “Registry Act,” and public access to company information.
The system maintains company information and associated documentation required by law and facilitates information exchange with international law enforcement agencies regarding company ownership. It is utilized by several local agencies, including the Commercial Registry, Financial Intelligence Unit, and the Anguilla Financial Services Commission, to fulfill their statutory responsibilities.
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NRD Companies services provided
- Assessment of legal regulatory framework
- Assessment of the existing infrastructure and current state of ICT capacities
- Review of existing IT systems in use
- Identifying gaps and defining the way forward for further modernization
- Design of a Commercial Registry Electronic System and all required back-office
- Integration of the existing legacy applications
- Testing, training, support, and maintenance
Results
The implementation of the Commercial Registry Electronic System has eliminated paper documents, streamlined the registration and document submission processes, and improved compliance with new laws and regulations. Incorporation, filing, and payments can now be done online, significantly reducing the time required.
Replicable elements
The solutions implemented in Anguilla are easily replicable and countries worldwide could enjoy the same benefits by retaining the services of NRD Companies. These benefits include the following elements:
- Assessment of legal frameworks and procedures
- Assessment of existing ICT capabilities
- Design and implementation of electronic registry systems
- Data migration from legacy systems
- Training and knowledge transfer
SDGs addressed
By improving service delivery to individuals and businesses, improving the business ecosystem, and contributing to good governance and transparency, the project addressed three major UN Sustainable Development Goals:
- Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
- Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
- Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
- Reduce inequality within and among countries
Learn how our digital registry solutions can streamline your operations.
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