Guernsey's new Company Registry, which was brought live in July, was officially opened on Monday by Guernsey’s Chief Minister, Deputy Lyndon Trott.
The registry had been in the pipeline for several years and was worked on by a "significant number of people," explained Mark Whiteley, who added: “the last five months have been a period of transition but the team has spent a lot of time and effort successfully introducing the new service."
The new registry was developed using international benchmarks and international best practices – the system uses the latest systems and online technology to provide a "world class facility."
Mr Whiteley added: “Our Registry is more than just competitive with the offering of other jurisdictions. We are combining the use of cutting edge technology with personalised delivery to provide a speedy, cost-effective and high quality service.”
Guernsey introduced the new registry at the start of July this year in parallel with a new Company Law. This has seen the island’s system for company formation and on-going administration move from a court-based model to a streamlined statutory process in which local fiduciary experts have a pivotal role.
The new Registry also comprises the Bailiwick of Guernsey’s Intellectual Property Office, administered by the Intellectual Property Registrar, John Ogier. IP is becoming a key driver of new business for the Island and Guernsey will continue to strengthen its position as a centre for IP innovation by introducing legislation for patents, biotechnical inventions and new areas of IP rights.
Deputy Trott added: “It is a great pleasure to see something come to fruition that does not discard the past, but instead uses it as a foundation on which to build a new approach that will contribute to Guernsey’s prosperity in the future.”
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