Key Developments in Global Business Registries
This week’s edition of Registry News brings a variety of updates from across the globe, highlighting advancements in technology, business registration processes, and legal reforms. With new digital tools, regulatory changes, and emerging challenges, the registry world continues to evolve rapidly.
Here’s a roundup of the most important registry news this week:
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United Arab Emirates: ‘Digital Wallet’ Launched to Provide Integrated Financial Services to Companies
The UAE has launched a new digital wallet aimed at providing businesses with integrated financial services, which will streamline payment processes and enhance business registration services. Read more -
Brazil: 2,200 Registered Betting Companies, But Only 3.5% Authorized to Operate
Despite having over 2,000 registered betting companies, only a small percentage in Brazil are authorized to operate, raising concerns about regulation and compliance in the industry. Read more -
World Bank: New Global Data on Business Registration Services
The World Bank has released new data that sheds light on the digital pathways to entrepreneurship, highlighting the progress and challenges in business registration worldwide. Read more -
Nigeria: CAC Gives 6-Week Deadline for Registration of Unregistered Businesses, Warns of Jail Term
Nigeria’s Corporate Affairs Commission (CAC) is cracking down on unregistered businesses, giving them a six-week deadline to register or face potential legal consequences. Read more -
Namibia: 141,000 Businesses Face Deregistration for Non-Compliance with Beneficial Ownership Obligation
Namibia’s BIPA has warned that 141,000 businesses could face deregistration for failing to comply with the beneficial ownership disclosure requirements. Read more -
Australia: AI Used to Create Sophisticated Scams
AI technology is being used by scammers to create more sophisticated scams, making it harder for even experts to differentiate between real and fake communications. Read more -
Barbados: Call to Create Sex Offenders Registry
A call has been made in Barbados for the creation of a national sex offenders registry to improve public safety and track offenders. Read more -
United States: Delaware Amends Law on Registering a Trade (DBA) Name
Delaware has amended its law regarding registering a trade name, simplifying the process for businesses to register their "doing business as" names. Read more -
Saudi Arabia: New Laws Will Help Transform Business Landscape
Saudi Arabia is rolling out new commercial register and trade name laws that aim to transform the business landscape by improving transparency and reducing bureaucracy. Read more -
New Zealand: Thousands of Community Clubs Yet to Comply with New Incorporated Societies Legislation
New Zealand’s new incorporated societies legislation has faced challenges, with thousands of community clubs yet to comply with the registration requirements. Read more -
Pakistan: Can We Register a Business in 18 Minutes?
Pakistan is exploring the possibility of registering a business in just 18 minutes, a move that could significantly improve the speed and efficiency of business registration. Read more -
Kenya: State Warns Companies to Update Records or Risk Deregistration
Kenya’s government is warning companies to update their records or face deregistration, highlighting the importance of accurate and up-to-date business information. Read more -
United Kingdom: One Login 18 Steps Short of Complying with UK National Cybersecurity Framework
A report shows that the UK’s One Login system is 18 steps short of meeting the national cybersecurity framework requirements, raising concerns about data security. Read more -
India: Chhattisgarh Govt Announces New Reforms in Land Registration Process
The Chhattisgarh government has announced reforms aimed at simplifying and modernizing the land registration process to improve efficiency. Read more -
South Africa: Uncertainty Around Companies' Disclosure Duties Under Amended Companies Act
There is growing uncertainty in South Africa regarding the disclosure duties of companies under the amended Companies Act, which could affect business transparency. Read more -
Egypt: Finance Ministry Releases Guide on New Tax Reforms
Egypt’s Ministry of Finance has released a guide on new tax reforms aimed at boosting small and medium enterprises, offering clarity on the new regulatory landscape. Read more -
United Arab Emirates: UAE to Waive Late Registration Fees Under Corporate Tax Law
The UAE has announced that it will waive late registration fees for companies under its new corporate tax law, providing relief to businesses. Read more
Stay updated by visiting often our "Registry News Weekly" summary and the Foster Moore blog for more insights on these stories and other key registry news.
We Want to Hear From You!
Are there important developments or news about your registry that you’d like to share with the wider registry community? We invite registry professionals and organizations to submit news for inclusion in our weekly digest. Submit your updates to press@fostermoore.com and help us keep the registry world informed!