Oman- MoCI receives over 13,000 online registrations

Date

5/29/2016 6:48:52 AM

(MENAFN- Muscat Daily) Muscat-

The Ministry of Commerce and Industry (MoCI) received 13,640 online registrations from January to April this year.

A press release said that the 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 Foreign Investment Law), and a composite Omani joint-stock company.

Further, there were e-registrations for 8,145 single traders, five Omani closed joint stock companies (subject to the Foreign Investment Law), 1,325 general partnerships, 11 international company branches, a commercial mandate office, and finally a general partnership firm (subject to the Foreign Investment Law).

The ministry's Invest Easy initiative aims to facilitate and provide services to investors and firms through a portal, and offers an exhaustive source of data related to the 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. It saves time and effort, apart from making the whole procedure more investor-friendly. 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 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.

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