Download pdf - OM ANNUA… · allowances 1% makeup the total expenditure for the review period (Figure 2). ... TOTALS 98 6 4956 39 41 1 4 29 5174 . OM ... JULY 2 0 13 15 AUGUST 1 1 6 8 SEPTEMBER

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REGISTRATIONS Incorporations for the period ending December 31, 2016 totaled (339) representing an 8% increase in comparison to the total incorporations for the same period in 2015 (285) (Table 4) bringing the total incorporations to date to (5174) (Table 5). Offshore agents Incorporations for the period totaled (103), of which International Business Company IBC totaled (96), Continued in International Business Company CONIBC (4), Foundations (3) were registered for the period (Table7). For the period ending December 31, 2016 onshore agent’s incorporations totaled (236), of which International Business Company IBC (223), company act company CAC (4), foreign company (1), limited liability company LLC (6), limited partnership LP (2) were registered for the period (Table 6). Strike off action for the period ending December 31, 2016 totaled (51), of which International Business Company IBC (35), company act company CAC (5), departures (11), limited liability company LLC (0) cancelation for the period in review brining the YTD total (3370) (Table 8) Revivals and Restorations for the period ending December 31, 2016 totaled (40), of which Company act company CAC (7) revived, International Business Company IBC (33) restored, limited liability company LLC (0) revived bringing the YTD total (236) (Table 9). The Intellectual Property registrations for the period ending December 31, 2016 totaled (11) of which Trademark local marks (10) were registered bringing the YTD total to (122). Trademark UK marks (0) were registered bringing the YTD total to (8). Patents registrations for the month totaled (1) bringing the YTD total to (24). A graphic representation can be found below (Figure 10). TRAVEL No travel was carried out by commercial Registry staff for the month in review.


The Economic Picture and Outlook:

REVENUE

Total revenue earned for the period December 31, 2016 was $1,204,488.72 bringing the total revenue

YTD $10,971,534.22 (Table 1).

The Registry’s December 2016 revenue of $1,204,488.72 was earned from annual fees, $1,042,043.47 or

87%, company registrations & docs $39,035.25 or 3%, any other documents $106,877.57 or 9%,

trademarks $14,086.17 or 1%, patents $2,446.26 or 0%, makeup the total revenue earned (Figure 1).

EXPENSES For the period ending December 31, 2016 the total expenditure was $52,921.19 bringing the total

expenditure YTD $1,277,124.00 (Table 2).

The Registry’s December 2016 expenditure was absorbed by personal emoluments 61%, maintenance

services 26%, supplies & materials material 8%, advertising & communication 2% respectively,

allowances 1% makeup the total expenditure for the review period (Figure 2).

In December the Registry characterized the activity as “positive”.


As of December 31, 2016 (Expressed in the Eastern Caribbean Dollar XCD)

December YTD Revenues $ $ Annual fees 1,042,043.47 9,164,497.91 Company registrations and documents 39,035.83 692,557.36 Any other documents 106,877.57 863,028.98 ACORN Administration fees - 22,849.70 Patents 2,446.26 45,497.78 Trademarks 14,086.17 181,623.98

Registered Agent/Office Fee - -

Monthly Revenue January 650,934.71 February 686,540.50 March 1,497,662.76 April 615,234.24 May 835,713.00 June 1,276,444.08 July 797,308.74 August 671,965.98 September 1,182,490.53 October 926,468.62 November 626,828.34 December 1,204,488.72

Total Revenue YTD

Table 1 Revenue Analysis

10,971,534.22 1,204,488.72

10,971,534.22


Figure 1 Revenue Analysis: another view

$0.00

$200,000.00

$400,000.00

$600,000.00

$800,000.00

$1,000,000.00

$1,200,000.00

$1,400,000.00

Monthly Comparison Revenue Analysis

Annual Fee

Company Reg & Doc

Any Other Docs

Acorn Admin Fees

Registered Agent/Office Fee

Patents

Trademarks

87%

3%9%

0% 1%

December 2016 Revenue Analysis

Annual Fee

Company Reg & Doc

Any Other Docs

Acorn Admin Fees

Registered Agent/Office Fee

Patents

Trademarks


As of December 31, 2016 (Expressed in the Eastern Caribbean Dollar XCD) Recurrent Expenditures December YTD $ $ Personal Emoluments 32,076.00 385,861.84 Wages - - Allowances 500.00 13,843.61 Local Travel & subsistence 177.42 2,441.53 International Travel & subsistence - 187,976.33 Communication Expenses 1,100.37 5,900.21 Supplies & Materials 4,040.36 30,645.09 Subscriptions, Periodicals & Books - 940.87 Maintenance Services 13,682.94 42,029.73 Professional & Consultancy Services (ACORN Tech) - 574,866.18 Hosting & Entertainment - 1000.00 Training - 672.05 Advertising 1,344.10 30,946.56 Monthly Expenditure January 97,836.39 February 109,781.75 March 108,607.36 April 263,218.82 May 60,453.43 June 45,519.53 July 198,326.36 August 43,114.57 September 208,049.19 October 59,237.23 November 37,637.56 December 52,921.19 Total Expenditure YTD Table 2 Recurrent Expenditure

1,277,124.00 52,921.19

1,277,124.00


Figure 2 Recurrent Expenditure 2016: another view

-$20,000.00

$0.00

$20,000.00

$40,000.00

$60,000.00

$80,000.00

$100,000.00

$120,000.00

$140,000.00

$160,000.00

$180,000.00

Monthly Comparison Recurrent ExpenditurePersonal Emoluments

Wages

Allowances

Local Travel & Subsistence

International Travel & Subsistence

Communication Expenses

Supplies & Materials

Subscriptions, Periodicals & Books

Maintenance Services

Professional & Consultancy Services

Hosting & Entertainment

Training

Advertising

61%

1%0%2%

8%

0%

26%

2%

December 2016 Recurrent Expenditure

Personal Emoluments

Wages

Allowances

Local Travel & Subsistence

International Travel & Subsistence

Communication Expenses

Supplies & Materials

Subscriptions, Periodicals & Books

Maintenance Services

Professional & Consultancy Services

Hosting & Entertainment


Company Description Count Year End 2013 Count Year End 2014 Count Year End 2015

CAC 1827 1785 1739

IBC 17110 17192 17845

LLC 475 465 531

LP 42 35 37

TRUST 13 22 16

Total 19467 19045 20168 Table 3 Total active Companies held on Register Year End 2013 2014 & 2015

Figure 3 Total active Companies held on Register Year End 2013, 2014 & 2015: another view

9%

88%

3%0%0%

Companies on Register Year End 2013

CAC

IBC

LLC

LP

9%

88%

3%0%0%


CAC

IBC

LLC

LP

TRUST

9%

88%

3%

0%0%


CAC

IBC

LLC

LP

TRUST


Table 4 REGISTRATIONS AND OTHER ENTITIES 2015

Figure 4 Column chart of registrations YTD 2015: another view

0

100

200

300

400

500

600

Comparative Monthly Incorporations 2015

CAC REG

CON CAC

IBC-REG

CON-IBC

LLC/LP

CON-LLC

FCREGN

FOUNDATIONS

REGISTRATIONS & OTHER ENTITIES 2015

MONTH CAC REG

CON CAC

IBC REG

CON IBC LLC/LP

CON LLC FCREGN FOUNDATIONS

TOTAL Incorporations

JANUARY 11 0 300 0 0 0 1 0 312

FEBRUARY 10 0 212 0 24 1 0 4 251

MARCH 10 2 319 1 3 0 0 0 335

APRIL 10 1 374 1 4 2 0 0 392

MAY 11 0 353 0 5 0 0 1 370

JUNE 10 0 525 4 8 0 1 1 549

JULY 10 0 203 4 4 1 0 1 223

AUGUST 6 0 249 0 2 0 2 2 261

SEPTEMBER 9 0 222 0 11 0 0 5 247

OCTOBER 9 0 245 1 0 0 0 4 259 NOVEMBER 9 1 321 3 4 0 0 4 342

DECEMBER 16 1 255 2 9 0 0 2 285

TOTALS 121 5 3578 16 74 4 4 24 3826


Table 5 REGISTRATIONS AND OTHER ENTITIES 2016

Figure 5 Column chart of registrations YTD 2016: another view

0

100

200

300

400

500

600

700

800

Comparative Monthly Incorporations 2016

CAC REG

CON CAC

IBC-REG

CON-IBC

LLC/LP

CON-LLC

FCREGN

FOUNDATIONS

REGISTRATIONS & OTHER ENTITIES 2016

MONTH CAC REG

CON CAC

IBC REG

CON IBC LLC/LP

CON LLC FCREGN FOUNDATIONS

TOTAL Incorporations

JANUARY 14 1 422 3 3 0 1 1 445

FEBRUARY 15 1 336 7 1 0 0 0 360

MARCH 18 0 374 2 3 0 1 14 412

APRIL 8 0 389 5 2 0 0 1 405

MAY 6 0 568 2 1 0 0 0 577

JUNE 3 2 703 2 5 0 0 3 718

JULY 8 2 622 3 4 0 0 1 640

AUGUST 5 0 301 2 4 0 0 1 313

SEPTEMBER 5 0 333 2 2 1 1 1 345

OCTOBER 7 0 269 1 4 0 0 3 284 NOVEMBER 5 0 320 6 4 0 0 1 336

DECEMBER 4 0 319 4 8 0 1 3 339

TOTALS 98 6 4956 39 41 1 4 29 5174


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Table 6 ACORN Onshore agents’ activity December 2016



Figure 6 ACORN Onshore agents activity December 2016: another view



Table 7 ACORN Offshore agents’ activity December 2016



Figure 7 ACORN Offshore agents’ activity December 2016: another view


STRIKE OFF ACTION

MONTH Strike Off CAC Strike Off IBC Departures LLC/LP Cancellations TOTALS

JANUARY 7 78 0 0 85

FEBRUARY 1 22 6 0 29

MARCH 6 17 0 0 23

APRIL 65 1021 0 1 1087

MAY 2 19 1 0 22

JUNE 2 18 5 0 25

JULY 2 24 9 0 35

AUGUST 1 26 9 0 36

SEPTEMBER 3 13 7 0 23

OCTOBER 7 16 3 2 28

NOVEMBER 28 1890 8 0 1926

DECEMBER 5 35 11 0 51

TOTALS 129 3179 59 3 3370

Table 8 STRIKEOFF ACTION FOR 2016

FIGURE 8 STRIKE OFF ACTION FOR 2016: another view

0

200

400

600

800

1000

1200

1400

1600

1800

2000

STRIKE OFF ACTION FOR 2016

Strike Off CAC

Strike Off IBC

Departures

LLC/LP Cancellations


REVIVAL & RESTORATION ACTIVITY 2016

MONTH REV CAC REST IBC REV LLC/LP TOTALS

JANUARY 4 9 0 13

FEBRUARY 2 14 0 16

MARCH 0 9 1 10

APRIL 4 14 0 18

MAY 4 16 1 21

JUNE 8 25 0 33

JULY 7 13 0 20

AUGUST 1 8 0 9

SEPTEMBER 0 23 2 25

OCTOBER 2 10 0 12

NOVEMBER 3 16 0 19

DECEMBER 7 33 0 40

TOTALS 42 190 4 236

Table 9 REVIVAL & RESTORATION ACTIVITY FOR 2016

FIGURE 9 REVIVAL & RESTORATION ACTIVITY FOR 2016: another view

0

5

10

15

20

25

30

35

REVIVAL & RESTORATION ACTIVITY 2016

REV CAC

REST IBC

REV LLC/LP


INTELLECTUAL PROPERTY

REGISTRATIONS 2015

MONTH PATENTS TRADEMARKS (UK) TRADEMARKS (LOCAL) TOTAL REGISTRATIONS

JANUARY 0 0 4 4

FEBRUARY 0 0 8 8

MARCH 0 0 11 11

APRIL 0 3 15 18

MAY 4 0 11 15

JUNE 0 0 15 15

JULY 2 0 13 15

AUGUST 1 1 6 8

SEPTEMBER 13 0 8 21

OCTOBER 3 3 9 15

NOVEMBER 0 1 12 13

DECEMBER 1 0 10 11

TOTAL YTD 24 8 122 154

Table 10 Intellectual property activity YTD 2016

Figure 10 Intellectual property activities YTD 2016

0

2

4

6

8

10

12

14

16

INTELLECTUAL PROPERTY REGISTRATIONS 2016

PATENTS (UK)

TRADEMARKS (UK)

TRADEMARKS (LOCAL)