Oman continues to improve its business laws through the Oman commercial agencies reform. The Ministry of Commerce, Industry, and Investment Promotion recorded 2,043 agency updates in 2024. This includes newly registered, renewed, and expired commercial agency records.
Out of the total, 458 were new registrations. At the same time, 944 agencies renewed their licenses. Meanwhile, 413 agencies lost their legal status because they failed to renew on time. Their licenses expired according to the rules in Commercial Agencies Law No. 26/77.
The Ministry launched several inspection drives across the country. These efforts aim to ensure all commercial agents follow legal procedures. Every business must meet the conditions set under the law.
Officials confirmed that Oman’s commercial agency reform helps improve transparency in the local market. These steps make sure that goods move smoothly and legally within Oman. Local agents now use the Oman Business Platform to update their agency information.
Yaqoob bin Shayikh Al Dhabouni, head of the commercial agency registration division, said the Ministry gives this sector high attention. He explained that agents must renew and update regularly to follow the law. This keeps the market fair for everyone.
He also warned that the Ministry will take strict action against rule breakers. Those who ignore the law may face legal consequences. The Ministry encourages all agents to take advantage of digital tools to avoid penalties.
Furthermore, the Ministry plans to improve the legal system around commercial agencies. These updates will support Oman’s economy and attract more investments. The Oman commercial agencies reform aims to create a strong and organized market.
These changes show the country’s serious effort to build a better business environment. The Ministry wants to protect fair trade and keep business practices clean.
