Deputies on Wednesday unanimously considered and approved the Single Window Business Registration Bill 2013 during the second meeting of the 2013 Legislative Year at the Assembly Chambers in Banjul.
Presenting the Bill before the House, Hon. Mama Fatima Singhateh, minister of Justice and Attorney General disclosed that the objective of this Bill is to establish a Single Window Business Registry as a One Stop Shop for all business start-up processes and thereby improve the Doing Business Environment and consequently The Gambia's Rank in the World Bank Doing Business Index. She disclosed that the Bill specifically among others intends to reduce regulatory burden to start up a business through reducing time and cost of compliance with business registration procedures; improve efficiency of business-registration services through streamlining and simplifying procedures for business registration and automating registry functions; shift from the revenue-generating approach for the registration services to covering cost of registration services and create incentives for businesses that currently operate in the "informal" sector of the Gambia's economy to graduate into the formal sector, and for new entrepreneurs to start-up new businesses. The Bill also intend to decrease opportunities for unfair competition of informal sector with formal sector and establish new business registration structure comprising Central business registry at the Registrar of Companies Division and the KMC Sub-registry or Business Development Service Centre. Hon. Ablie Suku Singhateh, National Assembly Member for Lower Badibou congratulated the Justice Minister for her appointment and also prayed to God to guide her in her deliberations. Hon. Singhateh noted that the Bill is non-controversial and was long overdue as it has a lot of benefits for both government and the business community.
Hon. Baboucarr Nyang, NAM for Banjul South; Hon. Lamin Jadama, of Niamina West; Hon. Badou Gaye Sonko, Nominated Member; Demba B.T Sambou, of Niani; Hon. Abdoulie Saine, of Banjul Central and Hon. Pa Malick Ceesay all contributed to the adoption of the Bill.