MUSCAT: In a landmark step toward digital transformation, the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) has rolled out a new online service that enables business owners to transfer commercial registration (CR) ownership without visiting service centers. Announced during the Sustainable Business Environment event, the system is integrated into the Oman Business Platform and is currently available for one-person companies and sole proprietorships. This initiative significantly reduces paperwork and speeds up processes while prioritizing transparency and investor convenience.
The newly introduced system aligns closely with Oman’s broader national agenda to digitize all commercial transactions and services. Officials emphasized that by shifting from manual procedures to fully electronic platforms, investors will benefit from lower administrative costs, greater efficiency, and heightened security in commercial dealings. The service is designed to foster a climate of trust and reliability in Oman’s market, ultimately improving the ease of doing business and ensuring a seamless experience for entrepreneurs navigating the commercial registration process.
The Ministry has described this transition as a major leap forward for the business environment. Said bin Juma Al Salmani, Commercial Register at MoCIIP, highlighted that electronic authentication of CR transfers represents the beginning of wider reforms. He explained that the Ministry’s strategy is focused on modernizing regulatory frameworks, ensuring faster approvals, and eventually expanding the service to cover all types of commercial activities, reinforcing Oman’s position as a hub for investment and enterprise in the region.
Beyond administrative efficiency, this initiative directly supports the objectives of Oman Vision 2040, which calls for a sustainable, flexible, and innovation-driven private sector. By encouraging digital adoption, the government is cultivating a resilient business environment capable of adapting to global standards and technological advancements. The move not only enhances investor confidence but also signals Oman’s readiness to compete internationally by offering streamlined, transparent, and future-ready commercial services.
