Brunei Company Formation

Brunei Company Formation

Omar Ali Saifuddien Mosque in Brunei

Brunei is a sovereign state on the north coast of the island of Borneo. Apart from its coastline with the South China Sea, it is completely surrounded by the state of Sarawak, Malaysia and is separated by two parts by the Sarawak district of Limbang. It is the only sovereign state completely on the island of Borneo, with the remainder of the island belonging to Malaysia and Indonesia. The history of Brunei can be traced back as far as the 7th century. Brunei became a British protectorate in 1888.Following the Japanese wartime occupation during World War II, it formalised a constitution and fought an armed rebellion. Brunei regained its independence from the UK on 1st January 1984. Economic growth has transformed Brunei Darussalam into a newly industrialised country. The capital is Bandar Seri Begawan, the official language is Malay and the Government is a Unitary Islamic constitutional monarchy

  • TYPE OF COMPANY: International Business Company (IBC)
  • COMPANY LAW: International Business Companies Order 2000
  • SUFFIX TO DENOTE LIMITED LIABILITY: Limited; Corp; Inc (or any recognised suffix)
  • DIRECTORS: One of any nationality or residency – we can provide (Corporate directors permitted)
  • SECRETARY: Local secretary required – we can provide
  • SHAREHOLDERS: One of any nationality or residency – we can provide
  • CLASSES OF SHARE: Registered; Preference; Redeemable; Shares with or without voting rights
  • CAPITAL REQUIREMENTS: US$1 (Capital expressed in US$)
  • OWNERSHIP: 100% foreign ownership allowed
  • REGISTERED OFFICE: Required in Brunei – we can provide
  • ACCOUNTS: Yes (if director considers necessary, accounts held at registered office)
  • GOVERNMENT LICENCE FEE: US$500 first year, US$400 subsequent years
  • DOUBLE TAXATION TREATIES: UK; Singapore; Hong Kong; Indonesia; Japan (an IBC will not qualify under these Treaties)

If you would like further information on setting up a company in Brunei, the formation of a Brunei company, other Brunei corporate entities or require professional advice relating to taxation or the structuring and requirements of a Brunei company, please contact us. We can also provide advice on establishing a subsidiary, joint venture or foreign company to carry on business in Brunei.

We can provide a wide range of support and administration services, bank introductions, nominee directors, nominee shareholders, virtual offices, accountancy and legal services. We can also advise on compliance with all the regulatory and statutory requirements.