Bondoni Dispatch (Government regulations, news, updates)
Introducing Bondoni Dispatch where you can find all business related regulations and updates from the Government and the Ministries.
Oman’s Revitalized Investment Era! – Oman’s sovereign debt rating is back to investment grade
October 8, 2024Great news for Oman’s economic outlook! Oman’s sovereign debt rating is back to investment grade. S & P Global Ratings raised its long term foreign and local currency sovereign credit ratings on Oman to ‘BBB-’ from BB+. S & P...
Urgent Actions for Employers – New Law Changes impacting SPF Payments, Prohibited Professions for Expats, and Foreign Investment Activities in Oman
September 7, 2024We would like to inform you of recent changes to the laws governing: SPF payment for expats New prohibited expatriate worker visas Temporary Job Restrictions Foreign investment activities in Oman Please find a summary of the key updates below: SPF (Ex PASI) payments for Expat employees...
New Government Changes PASI and Individual Document Attestations – What you need to know?
May 30, 2024New Government Changes PASI and Individual Document Attestations – What you need to know? PASI (Now called SPF) You may have experienced difficulties obtaining invoices and statements from PASI. Although there has been no official announcement this is to inform you of...
Oman Issues Executive Regulations for Personal Data Protection Law: Key Requirements and Compliance Steps
May 30, 2024Oman Issues Executive Regulations for Personal Data Protection Law: Key Requirements and Compliance Steps Under Royal Decree 6/2022, Oman introduced its first Personal Data Protection Law (PDPL). Recently, the Minister of Transport, Communications and Information Technology issued the Executive Regulations...
Important – Mandatory Omani Employment for New Foreign Investors in Oman
May 30, 2024Important – Mandatory Omani Employment for New Foreign Investors in Oman We would like to bring to your attention an important update from the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) regarding new regulations for foreign investors operating in...
Ministry of Labour mandates WPS Registration for all Companies
May 30, 2024Ministry of Labour mandates WPS Registration for all Companies The Ministry of Labour has issued a directive mandating the registration of all companies, irrespective of size (large to SME), into the Wage Protection System (WPS). This initiative emphasizes the criticality...