Business Reform
Oman’s Invest Easy Portal to Host 75 Entities
T
he newly established Investment Services Centre (ISC), set up with mandate to enhance the business environment in the Sultanate, plans to integrate as many as 75 government agencies and private sector service providers into its Invest Easy portal by 2020. ISC Chief Executive Officer Eng Ibrahim bin Said al Maamari, said the majority of these entities will be linked up electronically by the end of this current year, with the balance due to be connected during the course of 2020. Speaking at a forum held in Muscat, he said the portal will ultimately serve as the single window for the entire lifecycle of a business — from the moment it seeks a Commercial Registration (CR) to its closure (if and when that happens). Overseeing the Invest Easy portal is the Investment Services Centre, which has been established under
the purview of the Ministry of Commerce and Industry to serve as a “national single window for local and foreign investors”, said Al Maamari. This mandate, the CEO said, is enshrined in the Foreign Capital Investment Law, promulgated
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via Royal Decree 50/2019. Citing Article 5 of the Law, he said: “The Centre shall register the foreign investor, facilitate and simplify the procedures for the extraction of all approvals, permits and licenses necessary for its investment project.”
