MUSCAT – The Commercial Agencies Department at the Ministry indicated that as of 2022, 331 new agencies, 1,000 renewed agencies, 500 amended agencies, 44 reactivated agencies, and 13 canceled agencies were registered in 2022.The Commercial Agencies 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 Shaikh al Dhabouni, Head of the Commercial Agencies Department at the Ministry stated that 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.

A l Dhabouni 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.