Annika BränströmCelia JohnstonMonica Grahn

Hayley Clarke, Canada Maria Paola De Salvador Tatis, Colombia Kasper Sengelöv, Denmark Rolf König, Germany Celia Johnston, Germany Vito Giannella, Italy Snezana Tosic, Serbia Latha Kunjappa, Singapore Annika Bränström, Sweden Magdalena Norlin Schönfeldt, Sweden Monica Grahn, Sweden Ricco Dun, The Netherlands Stacey-Jo Smith, UK

Theme – new questions

Collaboration with the World Bank

Legal and Institutional Settings

Processing Time

e-Services

Funding and Fees

Business Dynamics

Case Studies

…and Snap Shots

Verification of identity

Update of information

The use and reuse of information

etc..

Chile: “If they don't have an electronic certificate, they have to verify their identity through a notary”

Canada, corporations Canada: "User ID is only required to change address and director information and to dissolve a corporation“

Singapore, ACRA: “ They use their unique user identification number and SingPass(national PIN).

Botswana: ”Our system is interfaced with for example Botswana unified Revenu Services.”

Norway: ”Other authorities are obliged by lawto use the data we provide.”

Canada, Saskatchewan: ”We provide data to a business hub as part of our common business identifier program.”

Australia Australian Securities & Investments

Commission (ASIC)

Operated by Government Average incorporation fee (private limited) € 315

Structure Centralised Average time to process application for formation, number of hours

3

Funding Government Average time to process application for changes, number of hours

5

In charge of receiving annual accounts Yes Percentage of electronically submitted documents for formation

97

In charge of receiving annual returns No Percentage of electronically submitted documents for changes

91

Mandatory pre-registration steps None Minimum share capital (private limited) € -

Total number of entities registered as

of December 2014

4286832

Minimum number of founders (private limited)

-

Number of entities registered in 2014 535237

Minimum number of shareholders (private limited)

1

Number of entities terminated in 2014 148248

Minimum number of board members (private limited)

1

Number of submissions for changes in 2013

2380306

Part of a one-stop-shop Yes

Albania Commercial Register Operated by Government Average incorporation fee (private limited) € 1

Structure Centralised Average time to process application for formation, number of hours

19

Funding Government Average time to process application for changes, number of hours

19

In charge of receiving annual accounts Yes Percentage of electronically submitted documents for formation

0

In charge of receiving annual returns No Percentage of electronically submitted documents for changes

0

Mandatory pre-registration steps None Minimum share capital (private limited) € 25000

Total number of entities registered as of December 2014

160854

Minimum number of founders (private limited)

1

Number of entities registered in 2014 16729

Minimum number of shareholders (private limited)

1

Number of entities terminated in 2014 3987

Minimum number of board members (private limited)

3

Number of submissions for changes in 2013

30725

Part of a one-stop-shop Yes

Rosanne Bell, ASIC, Australia

Andrés Ylla García-Germán, Registradores, Spain

Joey Mathekga, Companies and Intellectual Property

Commission, South Africa

1. Verification of the identity

2. Update

3. Reuse of data

4. One stop shop