The project helps simplify registering and managing companies in Oman. It also makes interactions with government entities faster and more transparent.
Starting a company now can take only minutes, instead of a whole week. The number of needed processes has been reduced threefold, from 18 to 6. This enables to register a substantially larger amount of companies in a fraction of the time previously necessary.
Many types of business can already be started without the need to apply for licensing. Currently there are 69 business activities that do not need licensing. That number will be growing and the licensing process itself will also eventually be transformed into an online service.
Already today the number of registered companies has risen from 4000 to 38 000 per year and the amount of issued licenses has increased from 25 000 to 39 000.