The Isle of Man Financial Supervision Commission has introduced a new Companies Registry Internet Search Facility, a web based search tool for companies based in Isle of Man, overseas companies registered in the Isle of Man, LLCs and Business Names.
The Online Public View Search Facility aims to enable individuals to search company records, check the availability of company names and submit applications to reserve a company name. On the Isle of Man, as in the UK, private companies are not required to file financial information but all filings from public companies (including their accounts) are accessible online.
The launch of the new online facility is part of a programme of service enhancements from Isle of Man Companies Registry for both local and international users. Unlike its counterparts in the UK, all Isle of Man company records are stored electronically, so the database is able provide comprehensive records relating to all business from the Isle of Man Bank – the first company incorporated on the Island – back in 1865 through to the present day.
Commenting on the launch of the new system the Commission’s Chief Executive John Aspden said, “Companies Registry has benefited from a significant investment in technology over the past 3 years enabling it to manage more efficiently the large volume of documents it receives each year. We are delighted to now offer online access to company information and documents and believe the service will be more convenient and cost effective for users, wherever they are located.”
Jane Dellar, Head of Isle of Man Finance, says the new system gives users the opportunity to access information in an electronic format rather than paying a search agent to do the job.