How To Register A Business Name In Brunei

How and where you need to register depends on your business structure and business location.

How to register a business name in brunei. Sole proprietorship is the simplest entity form of business. The registry of companies and business names would like to apologise as the registry is currently assessing our standard operating procedures sop. Doing business 2020 brunei darussalam improves its ease of doing business score from 69 6 to 70 1 in world bank s doing business report 2020 continue reading. For this business entity there are no partners. Submit the application and make payment.

Upon login you may proceed to complete the application form for either of the following. Age 18 years or above. Who is eligible to register. Registry of companies business names brunei. Brunei citizens and permanent residents only undischarged bankrupt cannot manage business without court or official receivers approval.

Laws of brunei business name b l r o. 4 once the new reserved name has been approved select the company from your my items list which you intend change name for. Can sue or be sued in company s name can own property in company s name members not personally liable for debts and losses of company. Brunei local companies are the most commonly used vehicle to do business with bruneian residents. Incorporation of a company for a flat fee of 300.

Therefore the registry may exceed our client s charter tpor in approving applications. Register your business to make it a distinct legal entity. Setting up a business can now be done online in a single step upon creating and logging into your account at www roc gov bn. The brunei free zone company foreigners can register limited liability companies in the single free trade zone of brunei the pulau muara besar free trade zone. Through www roc gov bn one can register by first creating an account then filling out an application uploading the relevant documents clicking submit and making your payment.

Age 18 years or above. And for purposes connected therewith. A sole proprietor is personally liable to debt and losses and obligations of their business. Only local citizen or brunei permanent residents. It is a business firm owned by one 1 person or one 1 company.