Friday 03 / May / 2024
Muscat: The number of companies registered with the ministry increased by 30.18 per cent to reach 5,620 in the first quarter of 2021, compared to 4,317 in the same period of 2020, according to MoCIIP.
Statistics of the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) show that recorded companies in the first quarter of this year saw an increase in individual merchant companies, limited liability companies, one-person companies, home business companies and street vendors.
“This increase in the number is due to several reasons, including the tendency of investors to utilise the self-service facility and to take the advantage of the e-government services as well,” the ministry said in a statement.
The Statistics Department of the ministry clarified that the commercial companies registered include 3,006 individual merchant companies, in the first quarter of 2021, compared to 2,257 recorded in the same period of the last year 2020.
As many as 1,099 registries of LLCs were recorded in the first quarter of 2021 compared to 919 in the same period last year. The number of one-person companies recorded was 955 as against 666 registries in the same period of last year. The number of firms registered in the one business company was 359 compared to 249 in the same period of the last year 2020.
As many as 80 joint venture companies were recorded in the first quarter of 2021 compared to 90 in the same period of last year. While 59 limited partnership companies were registered in the first quarter of 2021 compared to 96 in the same period of last year.
Nearly 57 registries were of street vendors in the 2021 first quarter compared to 26 recorded during the first quarter of 2020.
Four companies registered as subsidiaries of international companies in the first quarter of 2021 compared to 10 in the same period of last year, while only one firm was registered as a closed joint-stock company in the first quarter of 2021 compared to 3 in the same period of the last year of 2020.
