Oman cancels 3,415 commercial registrations, more to follow

MUSCAT: Oman’s Ministry of Commerce, Industry, and Investment Promotion has cancelled 3,415 commercial registrations giving reason that either the businesses have ceased their operations or their licenses have expired.

This move to cancel commercial registrations is part of the ministry’s efforts to regulate the market and ensure that all active commercial registrations represent operational institutions in compliance with existing laws,…