Profile sheets now instantly available from business portal

Ministry of Economic Affairs has introduced self-generating business profiles for private businesses, companies, partnerships, and cooperative societies that are instantly available through the ministry’s business portal.

As per the announcement made by the ministry via Twitter, registered businesses can now self-generate profile sheets from the business portal.

“Each self-generated profile sheet will include a unique code that can be given to third parties who can use it to verify the Profile Sheet via the business portal,” read the statement.

The code can be used by the bank and other parties.

Businesses can generate a standard corporate profile sheet or one that includes further details such as previous business activities, recent changes in the entity name, and so on.

The ministry further said that with the commencement of this, they will be encouraging all to choose to get the services via the business portal instead of getting it from the ministry’s counter.

The Economic Ministry’s business portal can be used for a range of services for businesses, from registration, and getting permits to things related to investing.