Industry Minister Announces One-Stop-Shop for Business Licensing

Ministry of Industry, Trade and Supply

On Tuesday, the Minister of Industry, Trade and Supply, Yousef Shamali, announced that work is currently underway to develop a simple, single-window system for new business licensing and registration.

In a statement, shamali stressed that the system will enhance the overall process and journey, making it easier and faster to establish and obtain the necessary licences for new enterprises.

Under the new system, specific new businesses that are eligible to go through the fast track for business licensing and registration will have their licenses issued in just one day.

Other businesses will have to go through either the conditioned track or custom track, noting that 383 different business “activities” are eligible to access the fast track, according to the International Standard Industrial Classification (ISIC) of all economic activities.

Source: Petra News


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