| ADDITIONAL INFORMATION FOR SETTING UP A BRANCH |
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| Special Licenses |
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| In some cases additional special licenses must be obtained from the government before a branch can commence business. This applies primarily to businesses that directly affect the public, such as banks, finance companies, insurance companies, travel agencies and money-lenders. |
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| Registration Fee |
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| The registration fee payable to the Government of Brunei Darussalam shall depend upon the authorised capital of the parent company. As a reference, the registration fee based on an authorised capital of up to B$100,000 and inclusive of the necessary filing fees is approximately B$450 to B$500. |
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| Annual Requirements |
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| Balance Sheet: A copy of the balance sheet (financial statements) of the company is required to be filed with the Registrar of Companies once a year. |
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| Notification to the Registrar of Companies: The directors or authorised person are also required to notify the Registrar of any alterations to the Memorandum & Articles of Association, directors of the company or their particulars, names and addresses of authorised persons, place of business, etc within the time stipulated in the Act. |
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| Corporate Income Tax and Withholding Tax: A branch of a foreign company is subject to the same corporate income tax and withholding tax regulations as a private limited company. |
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