How To Register Business Name In Brunei

A sole proprietor is personally liable to debt and losses and obligations of their business.

How to register business name in brunei. 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. Brunei citizens and permanent residents only undischarged bankrupt cannot manage business without court or official receivers approval. Sole proprietorship is the simplest entity form of business. 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. Age 18 years or above.

Therefore the registry may exceed our client s charter tpor in approving applications. Registering provides the base for the most fundamental recognition for your business and is the first step towards legalizing your operations and finances. Incorporation of a company or registration of a business name. Submit the application and make payment. Who is eligible to register.

Upon login you may proceed to complete the application form for either of the following. 4 once the new reserved name has been approved select the company from your my items list which you intend change name for. Only local citizen or brunei permanent residents. 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. Registry of companies business names brunei.

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. 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. Age 18 years or above. Laws of brunei business name b l r o. Good corporate governance will promote and encourage.

Brunei local companies are the most commonly used vehicle to do business with bruneian residents. The registry of companies and business names would like to apologise as the registry is currently assessing our standard operating procedures sop. For this business entity there are no partners. Most of the companies in brunei darussalam are unlisted private limited companies hence are owned and controlled by single individuals or families. Thinking about registering a business in brunei.