Reporting on progress against her Ministry’s 5-year strategic plan, Bahamian Minister of Financial Services and Investments, Allyson Maynard Gibson said that computerisation of the Companies Registry of the Registrar General’s Department had been accomplished on time by the end of 2002.
‘The ability for users to access information from remote locations over the Internet, using ordinary software’, said the Minister, ‘will significantly add to our competitive edge as a Financial Centre. I thank the Registrar General and his hard working team for their hard work in its accomplishment. I know that industry is very happy that we have achieved this goal and all involved have every reason to celebrate this significant milestone. I also thank Mr. Felix Stubbs and his team at IBM for their hard work on this project. The success and smooth operation of E-Government is essential to our efforts to promote The Bahamas as a center for E-Commerce.
‘Listed below are features that may now be achieved over the Internet, using Internet Explorer:
Electronic submission of incorporation documents:
Paperless procedure for incorporation
Comprehensive name edit: Uniqueness, name endings, embedded sensitive words, etc.
Registry approval and filing initiates automated incorporation process
Payment via credit card or Payment on Account
Electronic receipt issued to Agent
Documents, electronic as well as paper, company particulars, payment history, etc. available for agent review via online Company Inquiry
Entire array of features available to Agents in addition to electronic document filing:
Name reservations – existing paper documents and processes may still be used
Annual fee entry: Automated posting to company payment history
Reports: Fees due, company listings, etc.
Automated certificate requests, e.g. Good Standing
Database file transfer capability to ensure Agent records in sync with Registry database
‘It has been decided that the next 30 days will be spent in training and finalizing (in consultation with industry and regulators) a policy for levels of access to information at the Registry. As usual our yardstick is: “Blue Chip, Well Regulated and Co-Operative”.’
Tax-News.Com
