29/05/2016 06:08 AST
The Ministry of Commerce and Industry received as many as 13,640 online registrations during the period January to April of the current year. These e-registrations include 1,072 limited partnerships, 629 home businesses, 2,197 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 8,145 single traders, 5 Omani closed joint-stock companies (Subject to the Foreign Investments Act), 1,325 general partnerships, 11 international company branches, a commercial mandate office, and finally a general partnership firm (Subject to the Foreign Investments Act).
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, businessmen, and owners of small and medium enterprises to start using its electronic services.
Oman Daily Observer
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