Implementation Of Caribbean Companies Registry Begins
Friday, September 9, 2011
Antigua and Barbuda has become the first territory to implement the
Caribbean Community (CARICOM) Online Company
Registration System, due to be rolled out across members of the Caribbean Single Market Economy by the end of the year.
Minister of Legal Affairs, Joanne Massiah, said this will make it easier
for persons and companies within the region to set up business in the country.
“This project represents a significant step in the CSME arrangement and
is an example of the single market phase of the CSME," she said, adding that it is intended to support
a key component of the CSME: the right of establishment through the networking of all national registries of companies and other legal entities.
This project when completed will enable Registrars of Companies to access information
on companies and other legal entities exercising the Right of Establishment
in the CSME. The project will also provide a web interface to allow public access
to the online system.
The CARICOM Secretariat as the manager of the project has facilitated the recruitment
of an Information Technology Specialist and a Data Entry Operator within the
office of the Registrar of Companies in Antigua and Barbuda.
“This project is one of the significant concrete initiatives under the
programme of the Caricom Secretariat to establish the CSME,” Caricom Secretary
General Ambassador Irwin LaRocque said. “The project is expected to contribute
to the operation of the CSME through the building of a secure IT infrastructure
in member states and at the community level, to enable registrars of companies
to be networked [through] a regional repository of data and information on companies
and other legal entities.”