Virtual Office Brunei (Lower cost)


S & F CONSULTING FIRM LIMITED is an international business consultancy firm incorporated as private limited company in Bangladesh.
 

Lower Cost & higher service quality

Contact information: 
 
 
Email: contact@sfconsultingbd.com
Mobile: +880 01790220729 or, +880 01790220728
Corporate Office, Dhaka, Bangladesh
Service area:
  1. Foreign company registration ( 100 % foreign owned share, Joint Venture, Branch/ Liason/ Virtual office)
  2. Legal
  3. Accounts Audit
  4. Income Tax
  5. Company Secretarial
We are all Countries in Asia

 

Foreign Company Registration process in Brunei

Foreign companies wishing to establish a branch in Brunei Darussalam are subject to slightly different procedures than those wishing to set up a company.
 
Before registration, approval must be obtained from the Registrar of Companies for the use of the parent company name. The timeframe for approval of company name is about 1 to 2 weeks.
 
Upon approval of the company name, the following documents should be lodged with the Registrar of Companies within the stipulated reservation period:
 
Board resolution approving the branch registration in Brunei Darussalam
Certified true copy of the Certificate of Incorporation of the parent company
Certified true copy of the Memorandum & Articles of Association of the parent company
Letter of undertaking
Form IV (F) – List of directors of parent company
Form on the appointment of authorised person under Section 299(c) of the Act
Power of Attorney on the appointment of authorised person
Statutory declaration executed by the authorised person
 
The registration process typically takes about 5 to 6 weeks to finalise before a certificate of registration is issued, at which time the branch may commence business.
 
Special Licenses
 
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 companiesinsurance companies, travel agencies and money-lenders.
 
Those interested in setting up a branch may find the following additional information useful:
 
Registration Fee
 
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.
 
Annual Requirements
 
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.
 
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 addressesof authorised persons, place of business, etc within the time stipulated in the Act.
 
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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