More than 1000 commercial activities exempted from licence fees| Times of Oman

More than 1000 commercial activities exempted from licence fees| Times of Oman

Muscat: More than 1, 000 commercial activities have been exempted from government licensing fees. Small and Medium Enterprises Development Authority has confirmed that the total commercial activities that were exempted from government licensing fees amounted to 1, 088 activities among the targeted sectors. The authority stated that the exemptions were approved based on the high directives of His Majesty Sultan Haitham Bin Tarik. The exemptions came within the package of facilities and incentives for owners of small and medium enterprises during the year 2021 to mitigate the effects of the spread of the Corona pandemic on these institutions. The exemptions included the sectors targeted by Oman Vision 2040, such as manufacturing industries, agricultural and fisheries wealth, service and logistical activities - tourism and transportation-. The authority has set a number of conditions and controls for entitlement to exemption from licensing fees, including that the institution wishing to be exempted has an Entrepreneur Card and that the exemption for licenses related to one economic activity for the first three years of incorporation and for licenses issued for the first time only during 2021. The authority indicated that it is not permissible to sell, transfer or dispose of the commercial registry of