How To Register Business Name In Brunei

Submit the application and make payment.

How to register business name in brunei. Can sue or be sued in company s name can own property in company s name members not personally liable for debts and losses of company. A sole proprietor is personally liable to debt and losses and obligations of their business. Who is eligible to register. Brunei citizens and permanent residents only undischarged bankrupt cannot manage business without court or official receivers approval. Thinking about registering a business in brunei.

Only local citizen or brunei permanent residents. Incorporation of a company or registration of a business name. Age 18 years or above. Incorporation of a company for a flat fee of 300. 3 business names act an act to provide for the registration of firms individuals and corporations carrying on business under business names and as to the names styles titles or designations under which businesses are carried on.

Sole proprietorship is the simplest entity form of business. Most of the companies in brunei darussalam are unlisted private limited companies hence are owned and controlled by single individuals or families. The brunei free zone company foreigners can register limited liability companies in the single free trade zone of brunei the pulau muara besar free trade zone. Good corporate governance will promote and encourage. Age 18 years or above.

You can now do so online in as short as a day with the registry of companies and business names of the ministry of finance rocbn. Registry of companies business names brunei. Establishing a framework a company processes and attitudes that add value to the business the company to build its reputation. And for purposes connected therewith. Setting up a business can now be done online in a single step upon creating and logging into your account at www roc gov bn.

Laws of brunei business name b l r o. 1 log on to your account 2 in you dashboard under zdo it now select reserve a ompany name 3 in the reserve a ompany name page select hange name. Upon login you may proceed to complete the application form for either of the following. Doing business 2020 brunei darussalam improves its ease of doing business score from 69 6 to 70 1 in world bank s doing business report 2020 continue reading. For this business entity there are no partners.