Industry minister: Business licensing one-stop-shop underway
Minister of Industry, Trade and Supply Yousef Shamali said Tuesday that a project aimed at simplifying new business registration and licensing is well underway and will ultimately culminate in the introduction of a single-window system.
In a statement, the minister stressed that the system will enhance the overall business-doing journey and will make it easier and faster to establish and license new enterprises. Under the new system, the minister explained, new businesses that are eligible to go through a fast registration track will have their licenses issued on one day only.
Other businesses may go through either a conditioned track or custom track, noting that 383 activities are eligible to access the fast track according to the International Standard Industrial Classification of All Economic Activities (ISIC).
Minister of Industry, Trade and Supply Yousef Shamali said Tuesday that a project aimed at simplifying new business registration and licensing is well underway and will ultimately culminate in the introduction of a single-window system.
In a statement, the minister stressed that the system will enhance the overall business-doing journey and will make it easier and faster to establish and license new enterprises. Under the new system, the minister explained, new businesses that are eligible to go through a fast registration track will have their licenses issued on one day only.
Other businesses may go through either a conditioned track or custom track, noting that 383 activities are eligible to access the fast track according to the International Standard Industrial Classification of All Economic Activities (ISIC).
Minister of Industry, Trade and Supply Yousef Shamali said Tuesday that a project aimed at simplifying new business registration and licensing is well underway and will ultimately culminate in the introduction of a single-window system.
In a statement, the minister stressed that the system will enhance the overall business-doing journey and will make it easier and faster to establish and license new enterprises. Under the new system, the minister explained, new businesses that are eligible to go through a fast registration track will have their licenses issued on one day only.
Other businesses may go through either a conditioned track or custom track, noting that 383 activities are eligible to access the fast track according to the International Standard Industrial Classification of All Economic Activities (ISIC).
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Industry minister: Business licensing one-stop-shop underway
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