Ministry of Commerce and Industry receives over 13k online registrations in Oman

Business Saturday 28/May/2016 13:49 PM
By: Times News Service
Ministry of Commerce and Industry receives over 13k online registrations in Oman

Muscat: The Ministry of Commerce and Industry received as many as 13640 online registrations in the January through April period of the current year.
These e-registrations include 1072 limited partnerships, 629 home businesses, 2197 limited liability companies, 24 Omani closed joint-stock companies, 229 limited liability companies (subject to the act of foreign investments), and a composite Omani joint-stock company.
Further, there were e-registrations for 8145 single traders, 5 Omani closed joint-stock companies (Subject to the act of foreign investments), 1325 general partnerships, 11 international company branches, a commercial mandate office, and finally a general partnership firm (Subject to the Act of foreign investments).
The Ministry’s “Invest Easy” portal mainly aims to facilitate and provide services and advantages for investors and firms through a single portal, and offers an exhaustive source of data related to opening and running businesses in the Sultanate. The portal also provides simplified and clear information on various procedures, and enables users to update all their data online.
The portal also saves time and effort, apart from making the whole procedure more trustworthy for the investors. In addition, it strives to enhance the business environment and diversity in businesses, and makes it easy to start businesses. The portal also helps attract more foreign investments.
The portal currently provides 64 e-services using which the investors can easily complete their commercial transactions. It greatly simplifies the procedures for getting licenses, as all the requirements are clearly published on the site.
In this regard, MoCI has called upon all the investors, business men, and owners of small and medium enterprises to start using its electronic services.