3,062 commercial licences handled via portal

Muscat, Dec 24 – A total of 3,062 commercial licences have been handled by the Ministry of Commerce and Industry (MoCI) through the ‘Invest Easy’ portal since December 1, 2017. According to a statement from MoCI, 3,062 individual enterprises and companies have renewed/ cancelled their commercial records up to December 17. This includes 2,437 individuals and 625 companies. A total of 940 licences of individuals were renewed and 1,497 cancelled. A total of 614 companies’ licences were renewed and 11 cancelled.

The ministry has urged entrepreneurs and companies to renew/ cancel their business licences until March 31, 2018. The ministry said a total of 37,430 commercial registration transactions were processed between January 1 and July 12. The number of expired commercial registrations was 11,708 until the end of last year. The number of expired licences is 75,864 (individual enterprises) and 41,174 (companies) respectively. The ministry said it will terminate their commercial licences if owners do not renew them.

Fahad Al Ghadani