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From the company to the register, and from the register to the company

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on 8 June 2015

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Transcript of From the company to the register, and from the register to the company

From the company to the register,
and from the register to the company
Ingmar Vali

Centre of Registers and Information Systems
ingmar.vali@just.ee
www.rik.ee
ECRF2015
Policy that changed the business registration
ESTONIA

Country in Europe.
• Estonia has a population of just 1.3 million but is larger than Denmark or Holland.
• The Estonian language.
• In winter it gets very cold and we get plenty of beautiful snow. No, there are no polar bears in Estonia.

• Estonia is almost 50% forest.
• Tallinn is our medieval capital and by far the biggest city, with a population of around 400,000.
• Estonia has over 1,500 islands.
• Public WiFi is FREE
• Estonia is an e-country – most people use e-banking, pay parking with a mobile phone and pay taxes,
or even vote, online.

Start a company
in Estonia
via internet!

World Record
18 minutes!

Problems in company registration?
Red tape, Bureucracy?
Time consuming process?
Lack of information?
High cost?
Missing policy?
20 Years of Business Registry
1. Policy to streamline company establishment. Expedited procedure via online portal without a notary.

2. Policy to publish company information via internet (Company information, board members, etc).

3. Policy to submit annual reports via online portal (XBRL)- submit information to government only once.

4. Policy to consolidate licensing regulation and process (One Stop Shop).

5. Government program to support start-ups with accounting system.
Process optimization for online portal
https://e-estonia.com/e-residents/about/


5. E-residency for everyone!

1. Availability- information online
2. Good data quality enables data visualization.


Results in 2015
Result: Company registrations ca 90% via self service
XBRL annual reporting (>95%) online
Notice instead of licence- apply via online portal.
Renew the licence once a year with annual report.














.
Results 2015
https://www.ria.ee/x-road/
http://www.rik.ee/en/company-registration-portal
Start company
Manage company
Do business
1. Internet availability
2. Electronic identity (password vs PKI)
3. Legislation (Electronic Signature Act)
4. Political will (reforms using IT)
5. Data exchange policy Gov2Gov

Result : Green light to company registration process optimization.

Company Registration Portal
Behind the innovation
https://www.riigiteataja.ee/en/eli/508072014007/consolide
Before
After
Average process time 2h
https://ariregister.rik.ee/ettevotja.py/visuaalne_demo
Government startup 2015
Become an e-resident!
Company registration process in self service
Personal code
Start-ups need help!
Annual reporting
investments
co-founders






If not working
"fail fast"
Full transcript