Commercial Records at Commerce, Industry Ministry Increases by 1.99 Percent

Muscat, The number of commercial records registered with the Ministry of Commerce and Industry increased by 1.99 percent in the first quarter of 2019 to reach 5,633 commercial records compared with 5,523 commercial records during the same period in 2018 as a result of the facilities provided to investors by the ministry.

The Department of Statistics at the Ministry of Commerce and Industry indicated that the registered commercial records in the first quarter of 2019 amounted to 3,106 records for an individual trader, 929 commercial records for limited liability companies, 500 commercial records for domestic businesses, 445 records for investment companies, 207 records for partnership companies, 184 for non-profit organizations, 177 for general partnership companies and 45 for street vendors.

Additionally, 26 commercial records were registered for government agencies in the first quarter of 2019 and 11 records for international companies’ branches, two registries for commercial representation offices and one for Omani joint stock company.

Source: Oman News Agency