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.”