More than 450 SMEs exempted from government licensing fee

January 3, 2022

Muscat – As many as 466 small and medium-sized enterprises (SMEs) were exempted from payment of government licence fee, according to the Authority for SME Development.

The authority said that 466 firms got exemption from licence fee as part of the Oman Vision 2040 efforts pursuant to the Royal Directives of His Majesty Sultan Haitham bin Tarik until December 26, 2021.

The incentives were offered during 2021 to mitigate the impact of the COVID-19 pandemic on the SMEs.

The steps for completion of the requirements for exemption from licence fee included updating details of Riyada Card for selection of exempted activity, cancellation of the establishment’s commercial registration and issuance of Riyada Card.

The total number of SMEs registered with the Authority for SME Development till the end of November 2021 stood at 62,353, compared to 47,802 in the same period of 2020, an increase of 30 per cent, according to data released by the National Centre for Statistics and Information.

Among the governorates, Muscat topped the list with an increase of 31.5 per cent till the end of November, followed by North Batinah with a 30.4 per cent increase, Dakhliyah 25.9 per cent and Dhofar 33.7 per cent.

The number of SMEs registered in Muscat was 21,68, followed by North Batinah with 9,830, Dakhliyah 7,604, Dhofar 5,318, South Batinah 4,742, North Sharqiyah 4,110, South Sharqiyah 3,738, Dhahirah 3,454 and Buraimi 1,321.

The number of SMEs registered in the Governorate of Al Wusta was 831 and 319 in Musandam.


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