Government in collaboration with the International Finance Corporation (IFC) World Bank Group has made it even easier for Dominicans to register their businesses or companies online.
A further improved phase two of the online application portal previously presented in 2015 was launched at the fort young hotel earlier today, Wednesday, June 29th.
Minister for Justice, Immigration and National Security, Rayburn Blackmoore, is proud of the project which he says will raise Dominica’s position on the list of countries where it is easier to do business. Dominica is currently 69 of 189 countries worldwide.
“If we are at 69, this means that we are doing something like less than half which is not too bad but of course, we have to strive for the top and that is going to require much more work on our part.
“I think sometimes we mark ourselves very hard but it is only late last year that we launched the first phase. The fact that we are here today Erika notwithstanding, is a clear manifestation that we are taking this thing very seriously,” he said.
This new phase of the project means an enhanced user interface and additional features which will make registration of companies seamless and quick.
This electronic platform streamlines a number of procedures of the Dominica social security, the Inland Revenue Department and the company and Intellectual Property Office, the three agencies most intricately involved in business registration.
Ocean Seuleiman of the IFC World Bank Group is project leader. She spoke of some of the benefits of the project.
“The benefit is the fact that you will have easier access to information on registered companies, the procedure will be integrated via the electronic platform at the national level which is very important, regional integration not only with the region but with Latin America and the Caribbean, transparency and most importantly, security.”
She praised Dominica for being the first country in the Caribbean and Latin America to achieve this.
On average, the time to register a company has been reduced from twelve to five days.
The website for registration is www.cipo.gov.dm
Four hundred companies have already been registered via the upgraded system since it went live in May.
