How To Register Business Name In Brunei

Good corporate governance will promote and encourage.

How to register business name in brunei. 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. Sole proprietorship is the simplest entity form of business. 4 once the new reserved name has been approved select the company from your my items list which you intend change name for. 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. Brunei local companies are the most commonly used vehicle to do business with bruneian residents.

A sole proprietor is personally liable to debt and losses and obligations of their business. Most of the companies in brunei darussalam are unlisted private limited companies hence are owned and controlled by single individuals or families. Only local citizen or brunei permanent residents. 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. Incorporation of a company for a flat fee of 300.

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. Who is eligible to register. Brunei citizens and permanent residents only undischarged bankrupt cannot manage business without court or official receivers approval. Establishing a framework a company processes and attitudes that add value to the business the company to build its reputation. Therefore the registry may exceed our client s charter tpor in approving applications.

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. For this business entity there are no partners. Registering provides the base for the most fundamental recognition for your business and is the first step towards legalizing your operations and finances. Submit the application and make payment. The registry of companies and business names would like to apologise as the registry is currently assessing our standard operating procedures sop.

Laws of brunei business name b l r o. Thinking about registering a business in brunei. 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. Upon login you may proceed to complete the application form for either of the following. Age 18 years or above.