How To Register Business Name In Brunei

Good corporate governance will promote and encourage.

How to register business name in brunei. Incorporation of a company for a flat fee of 300. Laws of brunei business name b l r o. Brunei local companies are the most commonly used vehicle to do business with bruneian residents. 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. Registering provides the base for the most fundamental recognition for your business and is the first step towards legalizing your operations and finances.

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. Registry of companies business names brunei. It is a business firm owned by one 1 person or one 1 company. Incorporation of a company or registration of a business name. 1 log on to your account 2 in you dashboard under zdo it now select reserve a ompany name 3 in the reserve a ompany name page select hange name.

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. You can now do so online in as short as a day with the registry of companies and business names of the ministry of finance rocbn. Brunei citizens and permanent residents only undischarged bankrupt cannot manage business without court or official receivers approval. Thinking about registering a business in brunei. Sole proprietorship is the simplest entity form of business.

Upon login you may proceed to complete the application form for either of the following. Age 18 years or above. 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. A sole proprietor is personally liable to debt and losses and obligations of their business. Submit the application and make payment.

Age 18 years or above. 4 once the new reserved name has been approved select the company from your my items list which you intend change name for. Therefore the registry may exceed our client s charter tpor in approving applications. Who is eligible to register. 3 business names act an act to provide for the registration of firms individuals and corporations carrying on business under business names and as to the names styles titles or designations under which businesses are carried on.