How To Register Your Business in Brunei?
Organization : Goverment of Brunei Darussalam (businessBN Portal)
Facility : Register Your Business
Country : Brunei
Website : https://business.mofe.gov.bn/registering-your-busi/
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How To Register Your Business in Brunei?
You can now register a business or incorporate a company online in a single step.
Related / Similar Facility : MOFE Brunei Land Ownership Transfer
Incorporation of a Company OR Registration of a Business Name:
1. Setting up a business can now be done online in a single step, upon creating and logging into your account at One Common Portal (OCP). Upon login, you may proceed to complete the application form for either of the following:
Incorporation of a company, for a flat fee of $300 (establishing a Sendirian Berhad)
OR
Registration of a business name for a fee of $30 (establishing a Sole Proprietorship or Partnership)
2. After completing the online application form you will need to upload the required documents for business registration or company incorporation.
3. Payment of the registration fee is then made before submitting the application online.
4. Once your application has been processed and approved, you will receive the Company Incorporation Certificate or Business Registration Certificate via email within one working day.
Choosing Business Structure
There are several types of business entities operating in Brunei Darussalam. Understand the criteria, liability and documents required for each, to decide which type of entity is best suited for your needs.
| Business Type | Sole-Proprietorship | Partnership | Company | Cooperatives |
| Definition | A business owned by one person | A business firm/ organization of two or more business partners | A business form which is a legal entity separate and distinct from its shareholders and directors | An autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise. |
| Owned by | One person | Generally between 2 to 20 partners. A partnership of more than 20 partners must incorporate | Private Company
Private Company has at least 2 shareholders and a maximum of 50 shareholders.
Public Company Public Company has at least 7 shareholders/members. |
Members of the association
Registered under the Cooperative Societies Act Chapter 84 |
| Legal Status | Not a separate legal entity
Owner has unlimited liability
Can sue or be sued in individual’s own name
Can also be sued in business names
Owner personally liable for debts and losses of business |
Not a separate legal entity
Partners have unlimited liability
Can sue or be sued in firm’s name
Cannot own property in firm’s name
Partner’s personally liable for partnership’s debts and losses incurred by other partners |
A separate legal entity from its members and directors.
Members have limited liability
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 separate legal entity from its members
Can sue or be sued in cooperative’s name Can acquire, hold and dispose of properties Can enter into contracts Members liability limited to the extent of their capital contribution in the society No person shall be admitted to membership who is legally or mentally disabled or who is a bankrupt or against whom a conviction stands for an offence punishable with imprisonment |
If you are setting up business in Brunei Darussalam, you will need to establish a presence as either a Sole Proprietorship, a Partnership or a Company. The table below summarizes the key aspects of each type of business: