How Foreign Company start business in Brunei

S & F CONSULTING FIRM LIMITED is an international business consultancy firm incorporated asprivate limited company in Bangladesh.

Lower Cost & higher service quality

Contact information: 

www.sfconsultingbd.com

Email: contact@sfconsultingbd.com

Mobile: +880 01790220729 or, +880 01790220728

Corporate Office, Dhaka, Bangladesh

Service area:

1. Foreign company registration ( 100 % foreign owned share, Joint Venture, Branch/ Liason/ Virtual office)
2. Legal
3. Accounts Audit
4. Income Tax
5. Company Secretarial

We are all Countries in Asia

  Afghanistan, Armenia, Azerbaijan, Bahrain, Bangladesh, Bhutan, Brunei, Burma (Myanmar), Cambodia, China, Georgia,  Hong Kong, India, Indonesia, Iran, Iraq,  Israel, Japan, Jordan, Kazakhstan, Korea, North, Korea, South, Kuwait, Kyrgyzstan, Laos, Lebanon, Malaysia, Maldives, Mongolia, Myanmar, Nepal, Oman, Pakistan, Philippines, Qatar, Russia, Saudi Arabia, Singapore, Sri Lanka, Syria, Taiwan, Tajikistan, Thailand, Turkey, Turkmenistan, United Arab Emirates,  Uzbekistan, Vietnam, Yemen  

Foreign Company Registration process in Brunei

Foreign companies wishing to establish a branch in Brunei Darussalam are subject to slightly different procedures than those wishing to set up a company.

Before registration, approval must be obtained from the Registrar of Companies for the use of the parent company name. The timeframe for approval of company name is about 1 to 2 weeks.

Upon approval of the company name, the following documents should be lodged with the Registrar of Companies within the stipulated reservation period:

• Board resolution approving the branch registration in Brunei Darussalam • Certified true copy of the Certificate of Incorporation of the parent company • Certified true copy of the Memorandum & Articles of Association of the parent company • Letter of undertaking • Form IV (F) - List of directors of parent company • Form on the appointment of authorised person under Section 299(c) of the Act • Power of Attorney on the appointment of authorised person • Statutory declaration executed by the authorised person

The registration process typically takes about 5 to 6 weeks to finalise before a certificate of registration is issued, at which time the branch may commence business.

Special Licenses

In some cases special licenses must be obtained from the government before a company can commence business. This applies primarily to businesses that directly affect the public, such as banks, finance companies, insurance companies, travel agencies and money-lenders.

Those interested in setting up a branch may find the following additional information useful: Registration Fee The registration fee payable to the Government of Brunei Darussalam shall depend upon the authorised capital of the parent company. As a reference, the registration fee based on an authorised capital of up to B$100,000 and inclusive of the necessary filing fees is approximately B$450 to B$500. Annual Requirements Balance Sheet: A copy of the balance sheet (financial statements) of the company is required to be filed with the Registrar of Companies once a year. Notification to the Registrar of Companies: The directors or authorised person are also required to notify the Registrar of any alterations to the Memorandum & Articles of Association, directors of the company or their particulars, names and addressesof authorised persons, place of business, etc within the time stipulated in the Act. Corporate Income Tax and Withholding Tax: A branch of a foreign company is subject to the same corporate income tax and withholding tax regulations as a private limited company.