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Bondoni Insights April 2024

Bondoni Insights – April 2024

What's New Oman!

Oman News Headlines

New Government Changes PASI (SPF) and Individual Document Attestations  

PASI (Public Authority for Social Insurance) has changed its name to the Social Protection Fund (SPF), Royal Decree 52/2023. The aim is to enhance the social welfare framework by creating a single and unified social protection fund to improve financing and to provide a wide range of benefits to workers and families. To achieve this, all the pension funds are unifying under one system and the consequence is that system modifications may take up to another 3 months to complete. Invoices and receipts are now obtainable but employee changes such as salary reviews etc. are not. 

Mandatory Omani Employment for New Foreign Investors in Oman

A directive by the Council of Ministers that starting from April 2025, all foreign companies are given a year from the date of establishment to hire at least one Omani in return for reducing the fees of the CR by the government. Please note that companies failing to fulfil this requirement will be given a grace period of 30 days to rectify their situations. Additionally, an electronic monitoring system will be implemented to facilitate compliance checks by MoCIIP and the Ministry of Labour.

Bondoni will update you as soon as we here any further news.

 Agreement signed to develop Al Khuwair Downtown project

The Ministry of Housing and Urban Planning has signed an agreement with ‘Zaha Hadid with CBRE’ consulting company to prepare a detailed plan and engineering design for Al Khuwair Downtown project. The Downtown will cover 3.6 million square meters and will feature 30 – 40 floor buildings.

Tejarah Talks kicked off 2024 season with tourism

The 2024 season of Tejarah Talks kicked off on February 27 at the Oman Convention and Exhibition Centre, under the theme of ‘Explore. Dream. Discover’, offering attendees an opportunity to find out what is happening in Oman’s tourism sector.

Bondoni News

 ​Bondoni in the press talking about empowering Oman’s Business Landscape

Thrilled to see Bondoni in Oman Observer. The article talks about the vital role that company formation and business support organisations play in bringing in the foreign investments to the country. It also talks about ways these organisations contribute towards Oman Vision 2040.

Beyond Company Formation: Bondoni’s Ongoing Business Support Services

At Bondoni, we offer a wide range of business support (outsourced PRO) services designed to help international companies entering Oman for the first time or if you are already established in Oman.

Our outsourced back office services range from government representation to bank opening assistance, VAT registration, visa management, customs clearance, Omanisation strategy & HR support, legal services, annual document renewals, along with adhoc PRO requirements. We’ve got you covered!

Bondoni’s new Company Profile

At Bondoni, we hold “Embracing Change” as one of our fundamental values, fostering an environment where innovative transformations thrive. It’s with great excitement that we unveil our new company profile. This company profile not only highlights our services and network but also presents our brand in a positive light, reflecting our commitment to be Oman’s trusted company formation and business services partner.

Bondoni’s new enhanced website

We are delighted to inform you that we have enhanced our Bondoni website. We have made it more user-friendly, direct, and informative.

Tejarah Talks 2024

The full episode of Tejarah Talks is out! Catch up on all things tourism in Oman with this unique episode bringing together Visit Oman, Ministry of Heritage and Tourism – Sultanate of Oman and Oman Convention & Exhibition Centre.

Bondoni’s New Clients

Alliance Business Centers Network offers premium serviced office solutions worldwide. With over 650 locations in 45 countries and 85 cities, Alliance Business Centers Network, manages more than 15 million sq.ft of flexible workspace. 

Bondoni’s New Regional Partner

Vital Certificates, a UK parented company with physical offices in the UK, UAE and Qatar will join our prestigious list of service providers as our Attestation specialists.  Attestation is the process of taking documents issued in one country and making them legally recognized in another. Vital Certificates have more than 20 years’ experience in this field and along with a tried and tested global network across 140 countries. 

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