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Price:

Delivery:

Legal forms:

Payment methods:

3000

2 weeks

BN, BD

Document checklist:

1.Passport
2.Proof of Residence 

Requirements:

Local legal address (Handled by B2B Hub) 

Brunei

Registrar

Abbreviation 

Email

Phone

Location

Capital

Official languages

Population

Currency

ISO 4217

Bandar Seri Begawan

Brunei

Malay, English

452,524

BND

Brunei Dollar

Directory of companies
Open website

Delivery

  • Certificate of incorporation 

  • Articles of association

  • Meeting minutes 

  • Company stamp

FAQ for company formation in Brunei

Q: What are the different types of companies that can be formed in Brunei Darussalam?

A: The most common types of companies in Brunei Darussalam are private limited companies, public limited companies, and branch offices.


Q: What is the minimum number of directors and shareholders required to form a company in Brunei Darussalam?

A: A private limited company in Brunei Darussalam must have at least one director and one shareholder, while a public limited company must have at least two directors and seven shareholders.


Q: What is the minimum capital required to form a company in Brunei Darussalam?

A: There is no minimum capital requirement for company formation in Brunei Darussalam.


Q: Can foreigners own a company in Brunei Darussalam?

A: Yes, foreigners can own a company in Brunei Darussalam. However, depending on the type of business, certain restrictions may apply.


Q: What are the steps involved in company formation in Brunei Darussalam?

A: The steps involved in company formation in Brunei Darussalam include obtaining approval for the company name, preparing the memorandum and articles of association, registering the company with the Registrar of Companies, obtaining a business license, and registering for tax purposes.


Q: How long does it take to register a company in Brunei Darussalam?

A: The process of registering a company in Brunei Darussalam can take between 1-3 weeks.


Q: Are there any special permits or licenses required to operate a business in Brunei Darussalam?

A: Yes, certain types of businesses may require special permits or licenses. For example, businesses in the food and beverage industry require a food establishment license.


Q: What is the corporate tax rate in Brunei Darussalam?

A: The corporate tax rate in Brunei Darussalam is 18.5% for resident companies and 55% for non-resident companies.


Q: Are there any incentives for foreign investors to set up a company in Brunei Darussalam?

A: Yes, Brunei Darussalam offers a range of incentives to foreign investors, including tax exemptions and other financial benefits.

Brunei Darussalam is a small, oil-rich nation located in Southeast Asia. It has a population of approximately 439,000 people and a GDP of $20.2 billion. The economy of Brunei Darussalam is heavily reliant on oil and gas exports, which account for over 90% of its total exports. The country also has a strong manufacturing sector, which contributes around 8% of its GDP. Brunei Darussalam has a low unemployment rate of 2.2%, and its inflation rate is 1.2%. The country has a strong balance of payments, with a current account surplus of $2.3 billion in 2019. Brunei Darussalam has a strong banking sector, with a total banking assets of $20.3 billion. The country also has a strong investment climate, with foreign direct investment inflows of $1.2 billion in 2019. Overall, Brunei Darussalam has a strong and diversified economy, with a strong focus on oil and gas exports.

Brunei is a small country located in Southeast Asia that has a relatively low tax burden for both individuals and corporations. The tax system in Brunei is regulated by the Income Tax Act, which is administered by the Brunei Inland Revenue Department.


Personal income tax is levied on all residents of Brunei, regardless of nationality. The tax rates are progressive, ranging from 0% to 35%, depending on the income level. The first BND 12,000 of annual income is exempt from taxation, and there are various deductions and credits available to reduce the tax liability.


Corporate income tax is levied on all companies and businesses operating in Brunei. The standard corporate tax rate is 18.5% on the net taxable income, with a reduced rate of 3% for businesses in the agriculture and fisheries sectors. There are also various tax incentives available for certain industries and activities, such as the promotion of research and development.


In addition to federal taxes, there are also other taxes levied on businesses operating in Brunei, such as the goods and services tax (GST) and the foreign worker levy.


The tax year in Brunei runs from January 1st to December 31st. The deadline for filing personal income tax returns and paying any outstanding tax is usually April 30th of the following year, while the deadline for filing corporate tax returns and paying any outstanding tax is generally May 31st of the following year.


Payments can be made online or in person at designated banks. Penalties for late payment or non-payment of taxes can range from fines to imprisonment, depending on the severity of the offense. Additionally, interest may be charged on any outstanding tax liability.


Overall, taxation in Brunei is relatively straightforward and transparent, with a low tax burden compared to other countries in the region. It is important for taxpayers to consult with local tax advisors or government authorities to ensure compliance with the relevant tax regulations.

Application without registration

The first director

Upload passport

The second director

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The third director

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The first shareholder 

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The second shareholder 

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The third shareholder 

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Please complete the form with attention to detail. Once submitted, our team will review the information. Following this, you will receive a confirmation and an invoice via email.

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