| SETTING UP A COMPANY |
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| A number of procedures are required in setting up a company in Brunei Darussalam. |
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| The first step is acquiring approval from the Registrar of Companies for the use of the company’s name. The Registrar of Companies may refuse registration of a proposed name if it is identical or similar to the name of an existing business registered in Brunei Darussalam or if it is likely to mislead the public. |
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| The timeframe for approval of company name is about 1 to 2 weeks. |
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| Upon approval of the company name, the following documents should be lodged with the Registrar of Companies within the stipulated reservation period: |
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Memorandum and Articles of Association. |
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Statutory declaration of compliance. |
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Other prescribed documents: |
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Form X |
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Consent to Act as Directors |
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Notice of Situation of Registered Office |
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| The incorporation process typically takes about 5 to 6 weeks to finalise before a certificate of incorporation is issued, at which time the company may commence business. |
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| Special Licenses |
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| In some cases special licenses must be obtained from the government before a company 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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| Those interested in setting up a branch may find the following additional information useful: |
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Registration fee
Restrictions on directors and shareholders
Annual requirements |
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