As part of its plan to go paperless, General Registry is now piloting the second phase of its upgraded online system, during which the department will receive feedback on how well the system works.

After three weeks, there have been no major glitches to correct and a number of efficiencies have been achieved, including quicker turnaround times, tracking submissions and easy retrieval of documents filed.

The system will be piloted for three months, after which it is expected to be available to all Cayman Islands Online Registry Information Service (CORIS) subscribers. The Registry’s objective is to provide completely paperless transactions for all company related services such as registrations, change of names, and amended memorandums and articles, among others.

Spearheading the project is Deputy Registrar Donnie Dixon. He said the current turnaround time for registering a company is three to five business days; however, with the online system, registrations will be sent back to the client electronically within 48 hours.

‘In addition, expedited service will be dealt with in four hours, compared to current time of 24 hours, which is quite significant for the Registry and invaluable to all businesses,’ Mr Dixon continued.

Registrar General Cindy Jefferson-Bulgin is excited about going paperless. ‘The first phase of this project, during which our staff were trained on the new CORIS system, was completed in December 2012,’ she said [Cayman company registration].

‘Once the second and final pilot phase is completed and the system goes live to all subscribers, we will be in a very good position to maximise efficiency and use our resources in more beneficial ways. I am therefore understandably looking forward to transitioning into this new initiative,’ Mrs Jefferson-Bulgin added.

The system was developed in 2009 by Brac Informatics Center in collaboration with Government’s Computer Services Department and the Registry. It is designed to provide a more effective and reliable platform to communicate with service providers and allow them to monitor progress in real time.

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