The number of automatic licenses submitted via the "Invest Easy" portal and Sanad, reached 24,664 licenses, since the launching of the automatic license approval service between April 4 and June 22, according to the Ministry of Commerce, Industry and Investment Promotion (MoCIIP).
MoCIIP clarified that the top 10 countries that utilized the new automatic license approval service include the Sultanate, India, Iran, Pakistan, Yemen, Syria, Bangladesh, UAE, Egypt, and Iraq.
A number of investors and businessmen, who obtained automatic licenses (SANAD), praised this new service, stressing that, the automatic license approval service contributes to creating an enhanced business environment in favor of the growth and diversification of the national economy, as well it empowering the private sector as a key partner in development march and enabling it to lead the local economy toward competitiveness.
They emphasized that this service also enhances the Sultanate’s international indicators in term of ease of doing business, in accordance with the directions of Oman
Said bin Nasser al Maeini, said, "The automatic license approval service through the electronic portal Invest Easy has contributed to saving the investors’ time and efforts, while it considered as one of the easiest government services launched by the Ministry of Commerce, Industry and Investment Promotion in cooperation with the concerned government entities, and it allowed the investor to obtain a unified license within less than 24 hours."
The businessman Al Maeini added that this service is one of the services that facilitate and encourage local and foreign investors to invest easily in the Sultanate.
Suleiman bin Nasser al Siyabi, said: "The automatic approval service facilitated the obtaining a unified license for local and foreign investors who are planning to set new projects in the Sultanate, while the unified license includes all the required permits and approvals from all the concerned authorities, where this action contributes to strengthening the national economy and attracting foreign investments as well."
Al Siyabi called on officials and decision-makers in the concerned government and private entities to speed up the electronic transformation, as the electronic services have become the primary requirement by investors in order to identify the available investment opportunities in the Sultanate.
In accordance with this new service, an investor can obtain the approval of more than 1,500 economic activities, which constitutes about 88 percent of the total economic activities, including the sectors of agriculture, animal production, fishing, manufacturing industries, repair and installation of machinery, equipment, devices, electrical supplies, water, construction, and building, in addition to the sectors of maintenance and repair of vehicles and wholesale Retail, commercial activities, transportation and warehousing activities.
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