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How Bondoni Spearheaded F2V's Expansion into Oman
Flare to Value (F2V), a leading UK-based energy solutions provider specializing in gas flare abatement, faced a critical challenge. They needed to establish a fully operational subsidiary in Oman within a tight timeframe to secure a major contract with Occidental Oman (Oxy) for flare gas recovery.
Faced with this urgent task, F2V turned to Bondoni, Oman’s trusted company formation Partner. Bondoni’s “One Stop Shop” Company Formation Service became instrumental in making F2V’s Oman venture a reality.
Here’s how Bondoni stepped in at every stage:
Business Entity Selection Guidance:
Bondoni provided expert advice on selecting the right business entity, including shareholders, authorized signatories, and trade licenses.
Company Registration Assistance:
Bondoni handled the preparation and registration of all necessary documentation with the Ministry of Commerce, Industry, and Investment Promotion (MOCIIP), ensuring a smooth and swift registration process for F2V’s new subsidiary, NEWCO.
Post-Registration Setup: Once the company was registered, Bondoni navigated the complexities of setting up NEWCO with various government departments, ensuring all necessary activations were swiftly completed.
JSRS Membership Acceleration:
Recognizing the importance of JSRS (Joint Supplier Registration System) membership for F2V’s success in Oman, Bondoni expedited the full registration process, securing NEWCO’s status as an official supplier in record time.
The results spoke for themselves:
Fully Registered and Operational NEWCO with Full JSRS Membership in Just 15 Working Days: Thanks to Bondoni’s efficient support, F2V’s teamwork, the SPC was set up and running in Oman, ready to deliver its first contract to Oxy.
Remarkable Timeframe Achievements:
F2V accomplished their goals in a mere 9 days, from documentation compilation to JSRS registration, showcasing their agility and commitment to success.
Bondoni’s Swift Action:
Within a tight timeline of 5 working days, Bondoni accomplished the company registration in just one day and completed the post-registration setup in four days. Additionally, they secured JSRS membership within a single day, demonstrating their unparalleled efficiency.
By leveraging Bondoni’s expertise and comprehensive services, F2V not only met but exceeded their objectives, establishing a strong foothold in Oman’s energy sector and paving the way for future growth and success.