How To Register A Business Name In Brunei

Only local citizen or brunei permanent residents.

How to register a business name in brunei. Can sue or be sued in company s name can own property in company s name members not personally liable for debts and losses of company. How and where you need to register depends on your business structure and business location. 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. 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. Brunei citizens and permanent residents only undischarged bankrupt cannot manage business without court or official receivers approval.

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. And for purposes connected therewith. Age 18 years or above. 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. Incorporation of a company or registration of a business name.

A sole proprietor is personally liable to debt and losses and obligations of their business. Register your business to make it a distinct legal entity. Through www roc gov bn one can register by first creating an account then filling out an application uploading the relevant documents clicking submit and making your payment. Who is eligible to register. Brunei local companies are the most commonly used vehicle to do business with bruneian residents.

Once approved an email will be sent to the applicant confirming the registration attached with a digital certificate of your business registration. Incorporation of a company for a flat fee of 300. It is a business firm owned by one 1 person or one 1 company. Age 18 years or above. Registry of companies business names brunei.

Submit the application and make payment. Therefore the registry may exceed our client s charter tpor in approving applications. The registry of companies and business names would like to apologise as the registry is currently assessing our standard operating procedures sop. Sole proprietorship is the simplest entity form of business. Laws of brunei business name b l r o.