Muscat: Oman’s invest easy portal reported a 30 per cent jump in the number of new commercial registrations made in April this year, up from the same period in 2015, according to a statement released by the Ministry of Commerce and Industry.
The ministry said the number of new commercial registrations for investors’ services declined by 70 per cent in April from last, as investors were able to use the electronic service and have accepted the change.
The ‘invest easy’ portal provides 65 electronic services and most of the investors use the services through the portal.
The ministry had continued the connection with many governmental parties who are interested in investing in an easy portal as the ministry seeks to simplify the proceedings and facilitate them. Therefore, about 80 per cent of the services provided in the front offices are now provided on the internet through the ‘invest easy’ portal. Invest easy aims to facilitate and provide services and advantages for the investor and business sector.
The portal also aims to provide clarity in procedures and the ability to update all data electronically, which saves time and effort, also increasing the investors’ trust.
The project works towards improving the environment for businesses, boosting the diversity of the business environment, and making it easy to start a business.