| PARTNERSHIP |
| |
| A partnership may consist of individuals, local companies and branches of foreign companies. The maximum permitted number of partners is 20. In general, at least one partner must be a Bruneian or a Brunei Permanent Resident. However, under special circumstances, the Registrar may grant approval for foreign individuals to register a partnership. |
| |
| In Brunei Darussalam, partnerships are not subject to income tax. |
| |
| Summary: |
| • |
May consist of individuals, local companies and/or branches of foreign companies |
| • |
The maximum permitted number of partners is 20 |
| • |
Upon approval, a business name certificate is issued and a fee of B$30.00 is imposed |
| • |
Application by foreign individuals are subject to prior clearance by immigration Department,
Economic Planning Unit and Labour Department before they are registered |
| • |
At the moment not subject to corporate tax. |
|
| |
| < Back to Types of Business |
|
Printer Friendly Version