How To Register Business Name In Brunei

Brunei citizens and permanent residents only undischarged bankrupt cannot manage business without court or official receivers approval.

How to register business name in brunei. You can now do so online in as short as a day with the registry of companies and business names of the ministry of finance rocbn. 3 business names act an act to provide for the registration of firms individuals and corporations carrying on business under business names and as to the names styles titles or designations under which businesses are carried on. Who is eligible to register. 1 log on to your account 2 in you dashboard under zdo it now select reserve a ompany name 3 in the reserve a ompany name page select hange name. A sole proprietor is personally liable to debt and losses and obligations of their business.

Doing business 2020 brunei darussalam improves its ease of doing business score from 69 6 to 70 1 in world bank s doing business report 2020 continue reading. Registering provides the base for the most fundamental recognition for your business and is the first step towards legalizing your operations and finances. The registry of companies and business names would like to apologise as the registry is currently assessing our standard operating procedures sop. The brunei free zone company foreigners can register limited liability companies in the single free trade zone of brunei the pulau muara besar free trade zone. It is a business firm owned by one 1 person or one 1 company.

For this business entity there are no partners. Establishing a framework a company processes and attitudes that add value to the business the company to build its reputation. Incorporation of a company or registration of a business name. Age 18 years or above. Therefore the registry may exceed our client s charter tpor in approving applications.

Good corporate governance will promote and encourage. Brunei local companies are the most commonly used vehicle to do business with bruneian residents. Setting up a business can now be done online in a single step upon creating and logging into your account at www roc gov bn. Submit the application and make payment. 4 once the new reserved name has been approved select the company from your my items list which you intend change name for.

Age 18 years or above. And for purposes connected therewith. Incorporation of a company for a flat fee of 300. Upon login you may proceed to complete the application form for either of the following. Registry of companies business names brunei.