Company Formation in Brunei

Top 5 Advantages of company registration in Brunei

1. Competitive tax rate in the SEA area
2. No income and capital gains tax
3. A prestigious jurisdiction for conducting business in Asia and Middle East
4. Political and economical stability
5. A jurisdiction ruled under Islamic Law

Roadmap

How long does it take to register a Company in Brunei?

• Registering a limited company in Brunei taxes approximately 3 months
• The process can be conducted remotely
• Registering an international limited partnership takes around 10 working days, check in with our experts for information about ILPs

What are the steps to register a company in Brunei?

The registration process of a company in Company Formation in Brunei is very simple. The experts of LegalBison will assist you throughout every step of it:

1. Initial consultation and agreement
2. Payment of the full invoice
3. [IF REMOTELY]: Notarization of POA by client
4. Preparation of registration documents
5. Document signed at the notary
6. Official register validity: immediately

Taxes

How high are the corporate income tax in Brunei?

Companies in Brunei are taxed to a rate of 18.5%.

• No personal income tax nor capital gains tax are levied in Brunei
• Another existing form in Brunei, the International Limited Partnership, is exempt from corporate taxation. Ask our experts for information about ILPs in Brunei

What Double-tax treaties has Brunei?

Many countries have bilateral conventions to avoid double taxation and prevent fiscal evasion

Bahrain, ​Cambodia, ​China, ​Hong Kong, ​Indonesia, ​Japan, ​Kuwait, ​Laos, ​Luxembourg, ​Malaysia, ​Oman, ​Pakistan, ​Qatar, ​Singapore​, ​South Korea, ​United Arab Emirates, ​United Kingdom, ​Vietnam

Status: Feb 2021

Decide first

1. Do you want to buy a ready-made company or start a new one?
2. Will you conduct business within Brunei?
3. If not, does the International Limited Partnership form allow your activity?

Documents to provide for company registration in Brunei

• Passport copies (a scan) of all individuals above, also beneficiary owner if applicable
• A Power of Attorney (in case of a remote company registration)
• Certified company documents (in case at least one of the shareholders is going to be a foreign company)

Information needed to get company registration in Brunei

• 3 options of your desired name for the company and a company contact email address
• Names, addresses and emails of all shareholders and board members
• Short description of your companies’ activity

Remote incorporation

• The whole incorporation process can be conducted remotely. No travel necessary. Notarization of documents is necessary
• A Power of Attorney (POA) from (all) partners is needed
• The POA is sent to you by us based on the services you want
• You have to certify the POA by a notary and in some cases legalize it by apostille (some countries need full legalization)
• Once you have the POA on your hands, we double-check, and you send us the original form (physical document!) via courier to our address
• Brunei Darussalam is part of the Hague Convention of the Apostille

Accounting and auditing

• Accounts have to be held up to date
• They need to be available at any time within the registered office of the company in Brunei
• Audit of the accounts is compulsory under the law
• Financial statements needs to be ready for audit within 9 months after the end of the financial year
• In the specific case of International Limited Partnerships, filing yearly is required

Residential requirements

What are the residential requirements in Brunei?

• A Brunei company needs at least 2 directors. 1 of them has to be a resident of Brunei
• 2 shareholders are required, but without any residential or passport requirements
• A registered office is required and can be provided in our services

LegalBison offers help with all of the above requirements. We assist and are local on ground. Speak now for free with one of our consultants to get your business started.

FAQs about company registration in Brunei