How To Register Small Business In Brunei

You can now register a business or incorporate a company online in a single step.

How to register small business in brunei. Register your business to make it a distinct legal entity. Arguably the simplest form of a business entity sole proprietorships are quick to set up carry less administrative duties and do not pay corporate tax. Incorporation of a company or registration of a business name. What most new business owners don t realize is that registering your business isn t simply a matter of taking a trip to your local county offices and you re done. Such companies can benefit from up to 15 years of tax holidays.

Please call our general helpline 673 2380505 for more information. Foreigners can register limited liability companies in the single free trade zone of brunei the pulau muara besar free trade zone. As a result all the foreign investors had to shut down or sell their businesses thereby reducing the foreign investor s confidence and reliance over this. How do i register my business is one of the most commonly asked questions from new small business owners. Brunei free zone companies are usually conducting repackaging or light manufacturing activities for products then re exported in malaysia indonesia philippines and singapore.

Therefore the registry may exceed our client s charter tpor in approving applications. 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. With a small population of less than half a million people brunei is very dependent on its well developed oil and gas industry and aims at the diversification of its economy. Capital 100 0 darussalam east asia pacific doing business 2020 brunei darussalam. 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 business owned by one person that person being 18 years or older and a citizen or permanent resident of brunei. Business registration typically involves several checklist items including registering your business structure. By the 24 th december 2017 all brunei ibcs as well as brunei offshore companies were fully closed as declared by the brunei registry the brunei government took this step in order to promote and protect the local businesses in brunei. The registry of companies and business names would like to apologise as the registry is currently assessing our standard operating procedures sop.