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Oman News

Commercial agency contracts in Oman will be cancelled 90 days after expiry

The Ministry of Commerce, Industry and Investment Promotion has called on commercial agencies for speedy renewal of expired contracts, as the registration stands cancelled 90 days after its expiration date

TAS News Service

info@thearabianstories.com

Sunday, July 16, 2023

Muscat – The Ministry, in a notice issued online, urged commercial agencies to renew their contracts one month before the expiry and highlighted the need to submit necessary documents to continue the contracts.

It also stated that a total of 853 commercial agencies were registered during the first half of 2023, including 183 new commercial agencies, 458 renewed commercial agencies, 38 amended commercial agencies, and 174 canceled commercial agencies.

The request to register commercial agencies has to be submitted through ‘Invest Easy’ and service offices of the Ministry.

The registration will be cancelled if 90 days have passed from the date of its expiration.

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