Oman begins receiving investor requests for transferring ownership of commercial registration electronically

The Ministry of Commerce, Industry and Investment Promotion begins tomorrow, Sunday, receiving investor requests for the service of transferring the ownership of the commercial registry “contract documentation” electronically through the “Invest Easy” portal.

This comes within the national program for government digital transformation and within the framework of the comprehensive development of services provided by the Ministry of Commerce, Industry and Investment Promotion, and the transformation of all its services into electronic services, as well as improving and facilitating the business environment and applying international best practices.The service aims to enhance the Sultanate’s international indicators with regard to the ease of starting a business, and converting this service to electronic via video communication is a qualitative leap in the provision of electronic government services, especially in the field of contract documentation, and will contribute to creating an investment climate in the Sultanate of Oman and will be applied for the first time in Sultanate of Oman, and thus this service constitutes an important and advanced step in facilitating business and investment.

The service also contributes to facilitating commercial institutions and companies wishing to sell their shares or transfer the ownership of the commercial registry to another investor or enter a partner in the commercial registry. Through this service, the investor’s transaction will be completed. Electronically via visual communication, which will allow the seller and buyer to sign contracts electronically from anywhere through the “Invest Easy” portal, without the need for investors to attend the ministry or the ministry’s directorates and departments in the governorates. ‘Invest Easy’, without the need for investors to attend the ministry or the directorates and departments affiliated with the ministry in the governorates.Invest Easy”, without the need for investors to attend the ministry or the directorates and departments affiliated with the ministry in the governorates.