Government Businesses

Registration of a Cooperative Society

In accordance with the Cooperative Societies Act 2005 & Cooperative Societies Regulations 2012 (Proposed) all cooperative societies must be registered by the Director of Societies.

Eligibility

Members of cooperative societies must be at least sixteen (16) years of age, except in the case of a junior or school cooperative.

Process

  1. The registration package must be completed and submitted in duplicate to the Department of Cooperative Development with the appropriate fees.
  2. Family Island applicants may submit the registration package to the Local Family Island Administrator.
  3. Application is reviewed by the Director of Societies; once approved the director issues a certificate of Registration. The director may request additional information.
  4. The applicant is informed in writing that the certificate is ready for collection.  

Please note:

  1. Cooperative by-laws represent an agreement between members concerning the cooperative’s aims, objectives and rules of operation, and they provide a sound legal basis of operation.
  2. In the event that the proposed cooperative is without an address at the time of the application, the application form may be submitted in care of any person listed on the form.

Application Form(s)

The Co-Operative Societies Act 2005, Application For Registration

Supporting Documents

  • Feasibility study
  • A proposed set of cooperative by-laws
  • A business development plan
  • Names of steering committee members (producer/service cooperative a minimum of 10 names, credit union 30 names)

Turn-around time

Application for Registration of a Cooperative Society is processed within one month.

Deadline

There are no deadlines associated with this service

Related Fee(s)

A BS$25.00 application fee is payable upon submission of the completed application form.
 

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