(MENAFN - Muscat Daily) Muscat- The Ministry of Commerce and Industry (MoCI) has registered more than 137,000 electronic transactions made through its Invest Easy portal till the end of December 2017.
The transactions were for new registries, renewal of commercial registries, addition of activities and changes in trade names, licences of commercial and personal import and certificates of release and origin.
The ministry has said that there were 15,588 e-transactions recorded in the Muscat governorate, 25,884 in North Batinah, 18,143 in Buraimi, 19,255 in Dhahirah, 168,20 in South Sharqiyah, 17,159 in Dakhliyah, 9,682 in Dhofar, 6,716 in North Sharqiyah, 2,766 in South Batinah, 4,184 in Musandam and 1,128 in Al Wusta.Only nine transactions were made at the Public Authority for Investment Promotion and Export Development.
The ministry has pointed out that investors' inclination towards the use of electronic services contributes to the increase in the number of transactions, speedy completion of applications, clarity in the procedures and updating of all the company's data electronically. This also saves time and efforts as well as increases confidence among investors.The Invest Easy portal provides 78 services round the clock through the link www.investeasy.gov.om or though the Arabic domain of the portal.
The ministry also said that the portal can detect illegal transactions, like entering incorrect information about investors and forged bank statements. It can also detect people who have registries to practice hidden commercial activities, which are considered wrong practices and have negative implications on the local economy.The portal is one of the best systems in the world in terms of commercial registration. It is smart and innovative in processing the registration and doing its follow-up. It has the ability to deliver all data and statistics on the movement of commercial registration in the sultanate to the officials and decision-makers, through a single window.
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