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AFGHANISTAN CENTRAL BUSINESS REGISTRY (ACBR) OPENS IN MAZAR-E-SHARIF
| Mazar-e-Sharif, October 1st, 2009: Today, the Ministry of Commerce and Industry opened the second provincial Central Business Registry Office in Mazar City of Balkh Province. The new office provides businesses with the opportunity to complete all steps of the registration process in one location.
H.E Minister Shahrani, Governor of Mazar and Ambassador. E Wayne during ribbon cutting at the ACBR opening event in Mazar-e-Sharif.
“MoCI is working as a policy maker, regulator and facilitator. These are clearly the areas where we demonstrated our commitment and have produced positive and significant results. One of these areas is the development of an Afghanistan Central Business Registry (ACBR). We established an efficient ACBR in Kabul and Jalalabad, and now in Mazar, and an effective and practical relationship with our private sector customers,” said H.E Wahidullah Shahrani, Minister of Commerce and Industry. “This service is provided for entrepreneurs forming a business. This process that used to take several days has been reduced to few hours and has resulted in greater transparency, reduced corruption, and increased efficiency.” Balkh Governor Mohammad Atta welcomed the new office and added, “The establishment of the Central Business Registry in the city of Mazar-e-Sharif will make it easier for those businesses in Balkh, Jawzjan, Samangan, Faryab and Sar-i-Pol provinces that had to wait more than two weeks or travel to Kabul to register.” The U.S. Embassy’s Coordinating Director for Development and Economic Affairs, Ambassador E. Anthony Wayne also attended the event and offered remarks. “Small and medium businesses are the backbone of economic growth in many developing economies, and I am glad that Afghanistan is creating institutions that allow such businesses to legally register and thrive,” said Ambassador Wayne. “ACBR is expected to reduce the registration time from twenty days to just 1 to 2 days. Furthermore, the original registration fee of 2.5% of initial capital that was charged by the Commercial Court in Mazar-e-Sharif will be replaced with a flat fee of 500 Afghanis.” The Deputy Chairman of Afghanistan Chamber of Commerce and Industry (ACCI) as a representative of Private Sector said that “We are pleased to see that cooperation between the Government and Private Sector has resulted in the elimination of excessive and unnecessary impediments to business activity.”
The Afghanistan Investment Support Agency (AISA) welcomed the opening of Mazar-e-Sharif ACBR office and for the first time since establishment of this office in Balkh was able to complete the registration of investors in Balkh province.
All Afghan investors and traders are required by law to be registered, to obtain a tax identification number (TIN), and to be published in the official gazette. They can now complete most of these steps at the Central Business Registry in Mazar-e-Sharif. The new computerized registry system helps to bring Afghanistan’s business registration practices up to international standards. It is one more step that the Ministry of Commerce and Industry is taking to expand and support Afghan businesses in the country’s provinces. The new Central Registry was renovated and furnished in cooperation with the Ministry of Commerce and Industry and with the financial assistance of the United States Agency for International Development (USAID).
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