Over 300 new commercial agencies registered in Oman in 2022: MoCIIP

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Muscat: The Ministry of Commerce, Industry and Investment Promotion stated that the number of new, renewed and canceled commercial agencies during the year 2022 amounted to (1888) commercial agencies.

The Commercial Registry Secretariat at the Ministry indicated that the agencies consisted of (331) new agencies, (1,000) renewed agencies, (500) amended agencies, (44) reactivated agencies, and (13) canceled agencies for not being renewed and the expiration of the period specified in the agency law. Commercial No. 26/77.

The commercial agency service is provided through the “Invest Easy” portal; In order to facilitate the process of registering investors and following up their transactions with ease. Yaqoub bin Sheikh Al-Dabouni, Head of the Commercial Agencies Registration Department at the Commercial Registry Secretariat at the Ministry of Commerce, Industry and Investment Promotion, said: The protection of the commercial agency is carried out in accordance with the regulations and laws in force internationally through what is agreed upon in the contracts concluded between the foreign principal and the local agent. As for the protection of the local agent, the agency law The subject of protection has been canceled after the amendments that occurred in 2014 AD and after the issuance of the Competition Protection and Monopoly Prevention Law, with an emphasis on the importance of the local agent’s commitment to what was stipulated in the Commercial Agencies Law No. 26/77 in Article (9).

Al-Dabouni added that the Ministry of Commerce, Industry and Investment Promotion is always seeking to make the necessary amendments to facilitate procedures for investors to complete their work and obtain a commercial agency data certificate with ease.

The Ministry of Commerce, Industry and Investment Promotion invites investors, companies and owners of small and medium enterprises to take advantage of the services provided through the “Invest Easy” portal and the opportunities available in the market through which they can expand the activity of their enterprises in a way that enhances their share in the market and contributes to the development of the private sector.

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