Business and Investment Incentives
 
Pioneer Industries
Pioneer Service Companies
Post-pioneer Companies
Expansion of Established Enterprises
Expanding Services Companies
Production for Export
Service for Export
International Trade Incentives
Foreign Loan for Product Equipment
Investment Allowances
Warehousing and Service Incentives
Investment in New Technology Companies
Overseas Investment and Venture Capital Incentives
Business Guide
 
Types of Businesses
Setting up a Company
Setting up a Branch
Registering a Trademark
Miscellaneous License (Rampaian)
Taxation
Employment and Immigration
SME Resources
 
 
 
BRANCH OF FOREIGN COMPANY
 
Any foreign company that wishes to establish a business in Brunei Darussalam and does not incorporate as a local company must register as a branch of the foreign company.
 
The branch must have a registered office in Brunei Darussalam and must appoint a local agent. On registration, a foreign company is entitled to the same powers and authority as a local company.
 
Branches of foreign companies are required to file a copy of their head office annual financial accounts with the Registrar of Companies every year. Branches are also required to prepare branch accounts for tax computation.
 
Summary:
• The following documents must be filed with the Registrar of Companies and Business Names and application to register:
 
i. A certified copy of the Charter, Statutes or Memorandum and Articles of Association or other instruments defining the constitution of the foreign company duly authenticated and, when necessary, with English translation.
ii. A list of directors together with their particulars and the names and addresses of one of more persons residing in Brunei Darussalam authorised to accept notices on the Company's behalf.
• Upon approval, a Certificate of Incorporation will be issued and a fee of B$25.00 is imposed
• The registration fees are based on a graduated scale on the authorised share capital of the company
• No minimum share capital is required
• Branch of foreign companies are required to do the following:
 
i. Appoint auditors who are registered in Brunei Darussalam
ii. Prepare each year profit and loss account and balance sheet, accompanied by a Director's Report
iii. Prepare branch accounts
iv. Submit accounting data annually to the Economic Planning Unit, Ministry of Finance
v. File annual returns, containing information on directors and shareholders with the Registrar of Companies and Business Names.
vi. Keep the following records:
 
• Minute Book of Members' Meeting
• Minute Book of Directors' Meeting
• Minute Book of Managers' Meeting
• Register of Members
• Register of Directors and Managers
• Register of Charges
• Subject to 23.5% gross profit corporate tax
 
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