Are you seeking company registration in Brunei but don’t know about the process? If yes, you are at the right place. 1000+ global entrepreneurs have already registered their companies in Brunei. Book an appointment with Enterworld experts.
Enterworld ensures easy, timely, and quick company registration in Brunei.
Provide expert business consultation
Support by offering preliminary business assessments
Assistance in choosing the right company structure and business name
Guide you in preparing and submitting the mandatory documents
Initiate the company registration in Brunei with the Brunei Registry of Companies
Open a corporate bank account to ensure smooth financial transactions
Assistance in applying for a Tax Identification Number (TIN)
Support you with all the post-registration annual requirements
1 Week
Company Registration
No
Travel Required
100%
Foreign Ownership
Yes
Local director
SPecial offer
40% Off
Global Opportunities Await
Understanding Business Registration in Brunei
Brunei is a small yet wealthy nation known for its large oil and gas reserves, which support a strong economy and give it one of the highest per capita incomes in Asia. The country is also famous for its rich Islamic culture and exquisite landmarks. Brunei values nature and is also committed to protecting its rainforests, such as Ulu Temburong National Park. Business registration in Brunei can be a dream come true for entrepreneurs like you.
With a stable economy, modern infrastructure, and government support for foreign investment, Brunei is becoming a great place to do business. The country offers a low-tax environment, including no personal income tax and a standard corporate tax rate of 18.5%. Brunei is also a part of several free trade agreements and has made special agreements with other countries to protect foreign investors. These agreements help create a safe and supportive environment for international businesses.
If you are thinking of starting a company in Brunei, Enterworld can help you every step of the way. With over 10+ years of experience as a leading business consultant, Enterworld assists both local and international entrepreneurs in setting up their businesses quickly and cost-effectively. From choosing the right business structure, handling paperwork and applying for government approvals to online company registration in Brunei and opening a bank account, we ensure a smooth and hassle-free process. Whether you are starting a small business or launching a global branch, Enterworld makes company formation in Brunei simple, efficient and affordable.
Types of Structures for Online Company Registration in Brunei
Online company registration in Brunei offers multiple opportunities for its entrepreneurs. The country provides customized structures for all businesses that match the company’s goals and financial capabilities. Choosing the right company structure will ensure a smooth business operation in Brunei. The different types of structures for company formation in Brunei are:
Company registration in Brunei as a sole proprietorship is a company structure only reserved for Bruneian citizens or permanent residents of Brunei. In this company structure, there is only one individual owner in the business. This company structure is a simple structure offering full company control to the owner. A sole proprietorship has unlimited liability on the owner, and the personal assets of the owner are also at risk, so the owner must bear all the losses of the company.
The sole proprietorship companies are required to register their company with the Registry of Companies and Business Names (ROCBN) and the Ministry of Finance. A standard registration fee of $30 is required for company registration in Brunei as a sole proprietorship.
The Brunei International Limited Partnership (ILP)
Company registration in Brunei as an International Limited Partnership (ILP) is a company structure that consists of general partners and limited partners. One of the partners in an international limited partnership must be a licensed entity from Brunei, while the other partners can be foreign nationals.
Approval from the general partners will be required for all business activities in a Brunei ILP. In this company structure, a general partner is liable for the losses in the company, except if the partnership agreement states otherwise. Brunei company registration as an international limited partnership can be done online without requiring your physical presence in the country. The recommended bank for an ILP in Brunei is HSBC UK because of its international banking capabilities and familiarity with cross-border partnership structures.
Brunei Limited Liability Company (Sdn Bhd)
Company registration in Brunei as a limited liability company, locally known as Sendirian Berhad (Sdn Bhd), is a company structure that requires a minimum of 2 shareholders of any nationality or country of residence and 2 directors, out of which one has to be a resident of Brunei during the Brunei company incorporation.
The personal assets of the shareholders in this company structure are protected from the company’s liabilities. It is governed by the Companies Act of 1984. This company structure allows 100% foreign ownership with a minimum capital requirement of US$1 and is liable to pay a standard corporate tax of 18.50%. A Brunei limited liability company is the most preferred structure for conducting business operations in Brunei.
Brunei Free Zone Company
Brunei offers a free trade zone within the country known as the Pulau Muara Besar Free Trade Zone. You can establish a free zone company within the free zone, which provides tax holidays for up to 15 years.
Starting a company in the Brunei free zone, you can enjoy the benefits of government-supported warehousing, space for industrial business activities and a deep-sea port. The most common business activities in the free zone are light manufacturing for re-exporting to the countries nearby, such as Singapore, Malaysia, Indonesia, and the Philippines and the repackaging industry.
The main purpose of creating a free zone in the country is to attract Foreign Direct Investment (FDI) to improve the economy of the country. The minimum capital required for a free zone company in Brunei is US$1.
Public Company (Bhd)
Company registration in Brunei as a public company is a structure locally known as Berhad or Bhd. A public company in Brunei is a business type that allows shares to be offered to the public, making it easier to raise capital.
This company structure requires a minimum capital of only US$1, and it mandates at least seven shareholders, all of whom must be residents of Brunei, and half of the company directors must also be citizens of Brunei. They must also file financial statements annually to a legal auditor and submit them to the Ministry of Finance with information about the shareholder, director and the company’s general meetings.
A public company in Brunei is mostly preferred by large businesses looking for investment from the public. It is regulated under the Brunei Companies Act to ensure compliance.
Brunei Branch Office
Business registration in Brunei as a branch office is a company structure especially designed for foreign entrepreneurs. The corporate law of Brunei allows international companies to start a 100% foreign-owned branch office, which is an extension of the parent company.
The branch office in Brunei mandates appointing 1 resident secretary for the company and having a registered office for business communications. The management and the business operations of a branch office are entirely dependent on the parent company. The minimum capital required for a branch office is only US$1, and it is liable to pay a standard corporate tax of 18.50%.
The recommended bank account for a branch office in Brunei is HSBC Brunei. The Registrar of Companies in Brunei makes it mandatory for all branch offices to annually file financial statements.
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Features of Brunei Company Incorporation
The features of company registration in Brunei include a simplified company formation process, 100% foreign ownership, a standard corporate tax of 18.50% for all company structures and a stable political environment, making it an attractive business-friendly destination for business incorporation.
The key features of Brunei company incorporation include:
Simplified Company Registration
Company registration in Brunei is a simplified process with the Ministry of Finance and Economy, specifically the Registry of Companies and Business Names (ROCBN). Using the One Common Portal (OCP), you can register a company online in Brunei, making it easy for global entrepreneurs.
Tax Benefits
Brunei offers a standard corporate income tax of 18.50% for companies and free corporate tax for free zone companies and a branch office of a parent company. It also offers a tax exemption for companies that are newly registered in the country on their first 100,000 BND income for the first three years.
Stable Political Environment
The country is well known for its stable political environment, ensuring a secure business environment for entrepreneurs for their business operations. This stability helps businesses with long-term growth by minimizing risks and creating investor confidence and strategic planning for businesses.
Why Entrepreneurs Prefer Brunei Company Registration?
Brunei is officially known as Darussalam, which is an Arabic word for Abode of Peace, therefore the country offers a peaceful, stable, and business-friendly environment that is highly attractive to investors. The key reasons why Brunei company registration is a top choice for entrepreneurs are:
Investment Opportunities
Brunei offers various investment opportunities by providing a platform for business growth. The Brunei Economic Development Board (BEDB) promotes investment opportunities for global investors and supports ease of doing business through incentives, infrastructure support, and investor-friendly policies.
100% Foreign Ownership
Brunei offers 100% foreign ownership to international entrepreneurs looking to start their business in the thriving country. This feature gives freedom to the entrepreneurs to take complete control of the business operations and decision-making without restrictions and encourages foreign direct investment (FDI) in the country.
Strong Regional Connections
Brunei offers strong regional connections because of its strategic location in the Southeast Asia. The country provides easy access to the larger Southeast Asian markets as it is a member of the Association of Southeast Asian Nations (ASEAN), which supports regional trade and business connectivity.
Company formation in Brunei can be an attractive option as the country offers various benefits to the entrepreneurs considering to establish a business in the thriving and beautiful country of Brunei. Let us explore the key benefits of company registration in Brunei.
Brunei has been known for a smooth political transition due to its well-established and reputed monarchy, which is autocratic and has a good record of stability; this political stability makes Brunei an attractive destination for global businesses.
Competitive Tax Advantage
Brunei has a very competitive tax rate for businesses with a low standard corporate income tax of 18.50%. The country also has the least number of taxes, such as Brunei, which does not have personal income tax, export tax, manufacturing or payroll taxes.
Promising Location
Brunei is a thriving country offering a promising location for both regional and global entrepreneurs. Located in Southeast Asia, the country offers various opportunities and access to the growing regional markets of Asia.
Access to Natural Resources
Brunei is home to rich natural resources, and its oil and gas industry is driving the economy of the country. Brunei is also one of the top 5 oil producers in Southeast Asia, making the country highly attractive for global investors interested in the oil sector.
100% Foreign ownership
Brunei offers 100% foreign ownership to its international entrepreneurs in the country without any restrictions with major tax incentives. This benefit gives foreign entrepreneurs the freedom to conduct business operations and activities freely in Brunei.
Double taxation
Brunei has a double taxation treaty signed with 15 countries that ensures that businesses can avoid being taxed twice on the same profit. This feature reduces the burden of tax on the entrepreneur conducting business within Brunei and the other signed countries.
Simplified Company Registration
Company registration in Brunei is a simplified process due to their One Common Portal (OCP), which is an online portal for company registration. You can register company in Brunei online, which makes it beneficial for foreign entrepreneurs.
Stable Economy
Brunei has a stable economic growth which opens new opportunities for global investors. It has a well-developed economy that is fuelled by oil and gas, creating a favourable investment location for global entrepreneurs and investors.
Documents Needed
Documents Required for Brunei Company Registration
li>Certificate of Incorporation
Compliance Declaration
Consent to Act as Director
Director's Certificate
Notarized copies of passports of shareholders
Signed copies of the Director's NRIC and Passport
Registered Office Address
Memorandum of Association
Compliance Declaration
Articles of Association
Register of Shareholder / UBO
Company’s details from the Registrar of Companies
Blooming Sectors in Brunei
Business Ideas for Brunei Business Registration
Finance and banking
Oil and gas
Manufacturing industry
Technology sector
Franchise opportunities
Supply chain management
Construction industry
Agriculture and fisheries
Tourism
Halal products
Information and communications
Real estate industry
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FAQs on Company Formation in Brunei
Yes, a foreign national can start a company in Brunei. The country offers various benefits to international entrepreneurs, as well as 100% foreign ownership of their branch office and a limited liability company. Before Brunei company incorporation, you will have to apply for a work visa to work within the country.
The key documents required for company registration in Brunei are:
Certificate of Incorporation
Compliance Declaration
Consent to Act as Director
Director's Certificate
Notarized copies of passports of shareholders
Signed copies of the Director's NRIC and Passport
Registered Office Address
Memorandum of Association
Articles of Association
Register of Shareholder / UBO
Company’s details from the Registrar of Companies
The business structures available for company registration in Brunei are:
Sole Proprietorship
The Brunei International Limited Partnership (ILP)
Brunei Limited Liability Company (Sdn Bhd)
Brunei Free Zone Company
Public Company (Bhd)
Brunei Branch Office
The standard cost of company registration in Brunei is $300. Public companies, based on their share capital, have a minimum company registration fee of $25. There may be extra costs after the company registration for the company formation such as leasing an office, paying for workforce etc.
Company registration in Brunei can take up to 15 to 20 days, depending on your business activity and the company structure you opt for. If your documents are accurate and all necessary government approvals are available, the process can be completed within 15 days.
The Registry of Companies is the full form of ROC in Brunei. It is the regulatory authority for company registration in Brunei. The Registry of Companies and Business Names (ROCBN) was established in the year 1959.
In Brunei, the One Common Portal (OCP) is the online portal by the Ministry of Finance and Economy (MOFE) to register your company and maintain the business activities under the Registry of Companies and Business Names. You can also maintain your tax requirements through the One Common Portal (OCP).
The Corporate Income Tax (CIT) for businesses in Brunei is 18.50%. There are specific business structures that do not have to pay the corporate tax in Brunei, such as a free zone company and a branch office of the foreign company.
The steps involved in Brunei business registration are:
Prepare a preliminary business assessment with a budget
Choose and reserve a company name
Prepare the necessary documents
Register your company with the Brunei Registry of Companies and Business Names
Open a corporate bank account
Register for tax identification number (TIN) and social security purposes
Brunei, officially and locally known as Darussalam, is a country in southeast Asia. Darussalam is an Arabic word which means Abode of Peace. The country is popularly known as the third largest producer of oil in the Southeast Asia.
Online company registration in Brunei can be done through their One Common Portal (OCP), which is an online platform provided by the Ministry of Finance and Economy (MOFE). To register your company online in Brunei, you can follow the following steps:
Create an account on the OCP
Navigate to the company registration section within the OCP
Complete the online application by submitting the necessary documents
Pay the standard company registration fees of $300
Submit the online company registration application
Receive the electronic Certificate of Incorporation and online receipt
Yes, Enterworld offers Brunei company registration services, guiding clients through the entire process from start to finish. We are the trusted partner for business consultants with expert professionals and strong backing to ensure successful business growth in Brunei.
For investors to access information through the Brunei corporate registry, you have to log in to your online account of the One Common Portal (OCP) using your credentials. The online portal is managed by the Ministry of Finance and Economy (MOFE). The One Common Portal (OCP) has access to all your business information, including the company registration details, company profiles, and other business-relevant details.
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