Invest Easy portal sees over 93,000 e-Transactions

Business Saturday 04/August/2018 14:45 PM
By: Times News Service
Invest Easy portal sees over 93,000 e-Transactions

Muscat: The number of e-transactions that have been processed through the 'Invest Easy' Portal during the last six months of 2017 stood at 93,477.
This is attributed to the fact that investors tend to use the e-services available at the Invest Easy portal. The shift contributed to the quick processing and growth of the number of transactions processed through the portal. It also contributed to improving the clarity of procedures and providing investors with the opportunity to update the company's data electronically, thus saving time and effort. The e-services also increased investors' confidence and limited illicit trades.
The Ministry of Commerce and Industry said that it has received 24,898 transactions for cancelling registrations, 40,370 transactions for updating data, 11,236 new transactions, in addition to 16,973 renewal transactions.
The Ministry affirmed that providing e-services through the "Invest Easy" Portal comes in a bid to ease the process of doing business in the Sultanate and saving investors' time and effort.