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Friday, 24 November

THE Solomon Islands Company Hau has boosted its business registry access following the launching of their website yesterday.

Small to large Business house will now access registration process online rather than walking long distances and spending hours filling papers.

Thanks to Asian Development Bank’s Pacific Private Sector development, Australian Government and New Zealand Government for supporting the new development.

Acting Permanent Secretary of the Ministry of Commerce, Industry, Labour and Immigration Mr Huner Masuguria said the new website marks the expansion of the existing Company Haus registry and also re-branding the Foreign Investment Division as part of promoting foreign investment in the Solomon Islands.

He said the new development is part the government’s policy to modernise the business law executing the Business Name Act 2014.

Mr Masuguria said business houses and interest investors will not travel far and wide to fill out a piece of paper but go online to register their company or find references.

He said the website is a great advancement for the government policy to boost businesses’ access and greater opportunities for growth.

Mr Masuguria adds that the website will also provide the government important information and data about the private sector.

“It will help us to understand our private sector better. Data is knowledge. Knowledge informs government. And an informed government can better serve its people,” he said.

“The Government will now be able to know how many new businesses have been set up in the provinces under specific sector and who owns the business.”

Mr Masuguria said the registry will become a complete database of domestic and foreign, small and large businesses.

He said number of new companies incorporating every year has consistently been double the number compared to the time before Company Haus was launched.

Mr Masuguria said Solomon Islands is one of the first in the Pacific region to offer foreign investment registration services online.

“This is the opportunity to show the world that Solomon Islands is truly open for business with transparent process of registration.

This is why the government is relaunching the Foreign Investment Division as “InvestSolomons,” he said.

Mr Masuguria said transparent, user friendly, stress-free registration process can boost the country’s business sector and that the Company Haus has addressed the issues.

He acknowledged Asian Development Bank, Australian Government and New Zealand Government for the great assistance.

- ISLAND SUN