Saturday, 8 February 2014

Want to build a company in Brunei? Where to start?

As a starter, it took me awhile and several weeks of research to know where to start etc. Aside from that, Brunei offers a very good foundation for starts-up entrepreneurs. Building a company, is very a easy steps and is an important part of building your business. There's several government websites that offers advises on these sections (http://www.bedb.com.bn/doing_guides_setting_company.html).

"SETTING UP A COMPANY
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
."

One highlight as for a Tutong residence, I was not very familiar where is Registrar of company in Brunei. It was made public by Ministry of Finance (click the link) that they have moved the Registrar of company in MOF building located near Stadium of Brunei. There is a section specific for registering your company a necessary steps before any licensing could take place.

There you will be given forms to fill in with proposed Company names and Business nature. Be sure to bring your copies of IC along to ensure smooth process.

I hope this helps for any starts up in Brunei. Good luck!

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