Ease of Doing Business

Digital 24/7 Business register

Think of a world where entrepreneurs can establish a legally valid company online by providing all necessary documentation to the register electronically and signed digitally. Company name can be checked from integrated trademark register in order to avoid naming conflicts.

When a company is registered all signatories of the business are made public online. Entrepreneurs can always change the signatories at any time by sending digitally signed notices to the digital 24/7 business register. Changes will then appear in the public database within minutes. This will help to reduce fraud significantly.

In order to speed up registration, standardized articles of association are provided by the Register.

International classification for commercial activities is used in the registration process, as well as in further licensing and data processing.

Simple step-by-step videos for all e-services are provided.

Notaries or other certified legal professionals should be entitled to help people who cannot or do not want to use e-services.

 

How can Nortal help?

Nortal can help you make this happen. We provide high level political and legal consulting in order to set up a legal framework that will enable companies to register online. This includes regulations for digital signatures, transparent business registers and data protection.

Nortal will also guide you through the change management process, ensuring a smooth shift from paper to a digital business register.

Nortal will provide all the necessary software solutions in order to adopt to the new era of business registration.

Read also about Online Activity Licensing.

The pillars of Digital 24/7 Business Register

Digital business reporting

Consolidate all requested reporting by businesses to different government institutions into one single annual report filed to the Business Portal.

In the digital world, data can be shared easily. There is no need to ask for the same information from a business for different purposes. By defining the taxonomy and standards of reporting, the Business Portal can share the received data with every agency that needs it.

Certain information from the annual report can also be interesting to the business community. This data can be made public by the Business Portal and can serve the business community by sparing working hours for obtaining information.

Digital public announcements

Move all obligatory public announcements to the Business Portal – the one stop shop for business owners.

Nowadays, it’s not effective to publish a public announcement in a daily printed newspaper. Instead, you can and should use your website as distributor of such content. People who are interested and obliged to keep up with such news updates are visiting your website anyway. Let it be your new Business Portal.

Furthermore, public announcements can and should be generated automatically based on changes in the business register.

Moving from traditional print media to the digital world is a big change and has to be done by law and with a proper change management.

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Get in touch with an Expert
Peeter Smitt peeter.smitt@nortal.com +372 566 476 53