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World-Class Improvements in Company Registration: Learn from Top Performers

Explore how jurisdictions like Belgium, Croatia, Czech Republic, and others have excelled in e-filing and compliance, leading the way in simplifying registration formalities and enhancing online procedures. Discover the strategies and reforms implemented by these top performers to cut minimum capital requirements and streamline incorporation processes. Learn from their success in reducing processing times, increasing electronic filings, and achieving high compliance rates.

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World-Class Improvements in Company Registration: Learn from Top Performers

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  1. World Class Improvers Lynn Lynch Companies House UK

  2. World Bank indicators • Reforms • One stop shop • Cutting minimum capital requirements • Standardised incorporation documents • Online procedures including start up • Simplifying registration formalities

  3. World class improvers • What have jurisdictions done to excel or make marked improvements in e-filing and compliance?

  4. World class improvers • For ECRF: • Belgium, Croatia, Czech Republic, Estonia, Germany, Great Britain, Italy, Romania, Sweden.

  5. World class improvers • Belgium – top performer in % documents filed electronically • XBRL • Free on-line software • Tracking • Lower charges for on-line filing • Digital certificate

  6. World class improvers • Croatia – processing time, % documents filed electronically • One stop shop • 5 steps – 1 step • Start up from 40 days to 1 day • On-line registration 24hrs, paper 14 days • E-cards • Law reforms

  7. World class improvers • Estonia – processing times, % of returns filed electronically and accounts filed on time • Agreements between the courts and ministry • E-notar system • Digital signature • Pre-filled documents • No notorisation for e-filed documents • Protection from hijack • Mandation for e-filing accounts

  8. World class improvers • Romania - processing times, accounts filed on time and formats available to the public • Non authorisation • Communication between register and authorities • Procedures regulated by law • Dissolutions

  9. World class improvers • UK – compliance rate improvement • May 09 • Accounts compliance 97.7% • Annual return compliance 96% • May 08 • Accounts compliance 90.5% • Annual return compliance 86%

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