What does ACORN do?
ACORN
went live on 16 November 1998. The system allows a user to
submit electronically all of the documents that currently require
physical filings with the Anguilla Companies Registry. Registered
users are provided with secure digital encrypted access to
the system supplemented by individual user password controls.
The ACORN menu allows a user to choose one or more of the following
functions:
*Administration
*Name
Search
*Name
Reservation
*Incorporation
Administration
This
enables a user to:
*Establish user password control.
*View all fees.
*Do full company searches.
*Review announcements.
*View the legislation relevant to a document being submitted or
to an activity being undertaken.
*Obtain help with respect to any function of the system at any time.
*Retain incomplete documents in a separate pending file.
Search Name
This
can be done alphabetically, phonetically or on a key-word basis.
This system gives immediate confirmation as to whether a name
is free, not free or reserved.
Name
Reservation
A
free name may be reserved for 10 days without charge or for
a longer period upon payment of the reservation fee. The system
allows multiple searches and reservation (initially up to 20
names) and the names of companies and their articles can also
be incorporated in foreign languages.
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Incorporation
Incorporation
online has been made as straightforward as possible:
* A user must select one of the types of available company
or partnership.
* The
system will then take the user through the incorporation
process with information being typed directly into the
system.
* Standard
sets of articles of incorporation can be pre-established
in the system for use of incorporations.
Once
completed, the screen will provide the user with the registration
document for checking and final submission.
On
submission, the certificate of incorporation appears immediately
on screen and can be printed out.
The
whole registration process is simplicity itself.
For
each of the corporate vehicles and limited partnerships, a
sub-menu is available which lists all documents and registry
activities, which the relevant legislation either permits or
requires the company or partnership to file. In each case,
the system takes the user through each process with a help
button and a legislation reference button which are available
at all times.
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What
are the advantages of ACORN?
* Modern approach to registering companies.
* Is
an easy to use interactive system.
* Provides
checks and guidance for the user at crucial stages of the
input process.
* Responds
instantaneously allowing incorporation and submission of
documents to be filed electronically from anywhere 24-hours
a day.
* Provides
a seamless way of incorporating companies within an international
financial centre.
* Provides
a seamless way of incorporating companies within an international
financial centre.
* Makes
the administration of Anguillian companies fast, cost effective
and simple.
* Provides
an instantaneous company name search facility and immediate
name reservation ability, which does away with the cost of
maintaining shelf companies.
* Permits
the incorporation of names and filing of articles in languages
and script other than English.
* Has
the regulatory controls in place to ensure that users are
fit and proper.
Other
Attributes
* Allows the user agent to monitor and to review all activity
or individual activities for any chosen period.
* Provides
a full accounting system for both the user agent and the
registry.
* Provides
a full administrative system for the registry for both monitoring
activity and assisting user agents in their usage of the
system.
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