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ECRF / CRF Survey of 2009 Annika Bränström Swedish Companies Registration Office. Goal. Gather and compare annually data on: Company registration practices New registrations, total registrations and business terminations. Survey questions. About your organization
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ECRF / CRF Survey of 2009Annika BränströmSwedish Companies Registration Office
Goal • Gather and compare annually data on: • Company registration practices • New registrations, total registrations and business terminations
Survey questions • About your organization • The company registration process • Business terminations • Annual accounts • Online services • Companies in the EU • Share capital • Cross border transfer of registered office and • Cross border mergers (new for 2009) • Registration data
ECRF participants of 2009 (29 registrars of 33) Belgium (partly) Croatia Czech Republic Guernsey Hungary Latvia Georgia Germany Serbia Slovenia Spain (association) Spain (central) Liechtenstein* Lithuania* Luxembourg* Netherlands* Norway* Romania* Sweden* Switzerland* United Kingdom* Austria* Denmark* Estonia* Finland* France* Ireland* Italy* Jersey* (* trend available for 17)
CRF participants of 2009 (12 registrars of 22) Australia* Canada* Hong Kong* New Zealand* Pakistan* Singapore* South Africa* Cook Islands Mauritius Rwanda Sri Lanka United Arab Emirates (* trend available for 7)
Survey purpose • Basic statistics on registries and trends • Follow trends since 2005 • Basic report, limited analyses • Base for benchmarking between registries • Compare registries • Find improvement areas • Learn how to improve
Companies on file 2009 The largest registers Italy Germany United Kingdom France 6,1 m 4,6 m 3,4 m 2,8 m Singapore Australia New Zealand Hong Kong 1,7 m 530 th. 260 th. 780 th.
Companies on file 2009 The smallest registers Guernsey Jersey Liechtenstein Luxembourg 108 th. 64 th. 51 th. 19 th. Canada South Africa Pakistan Cook Island 880 54 th. 1460 26 th.
What are the most frequent changes in your companies register?
What are the most frequent changes in your companies register?
Difference in communication between centralized-decentralized
Share capital required 2009(private limited companies) Required capital for private limited capital: =< 1 GBP/EURO United kingdom Germany Guernsey Ireland Jersey France United Arab Emirates Rwanda Australia
Share capital required 2009(private limited companies) Highest minumum required capital for private limited capital Austria Liechtenstein Netherlands € 20 000 € 35 000 € 18 000 South Africa € 86
Do you register / decide on the following types of business termination
Do you charge penalty fees for the late filing of annual accounts (excluding non-respondents)
World class ECRF ? • Complete online registration • Accepts online payments • Percent electronically submitted documents Italy Hungary Norway
World class CRF ? • Complete online registration • Accepts online payments • Percent electronically submitted documents Mauritius Singapore