Fees and timelines

Fees

pay fee by instalmentsOffshore business setup in Brunei amounts to US$6,350 in year 1 and annual company costs in year 2 and thereafter amount to US$3,100. These average engagement fees include i) Brunei offshore company formation ii) Brunei offshore company corporate bank account iii) provision of a registered address and iv) estimate of government-induced fees.

Different Brunei entity typesCostDraft invoice
Tax resident LLCUS$10,960Brunei LLC invoice
Brunei offshore companyUS$8,800Brunei offshore invoice
Branch of a foreign companyUS$11,630
Brunei PLC companyUS$17,130

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Timelines

Brunei offshore company registration timelines

The average Brunei offshore company registration period is 10 weeks as outlined below:

 ServiceBrunei OffshoreBrunei International PartnershipBrunei offshore trustBrunei LLCBrunei free zone companyBrunei PLCBrunei branch
1Engagement planning1 week1 week1 week2 weeks2 weeks2 weeks4 weeks
2Company incorporation period2 weeks2 weeks2 weeks3 months5 months3 months14 weeks
3Bank account approval1 month1 month1 month1 month1 month1 month1 month
4Internet banking approval1 week1 week1 week1 week2 weeks2 weeks2 weeks
5Incorporation completion2 weeks2 weeks2 weeks2 weeks2 weeks1 week1 week
Total engagement period10 weeks10 weeks10 weeks21 weeks30 weeks21 weeks25 weeks

brunei offshore business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Brunei onshore company registration timelines

The average Brunei onshore company incorporation engagement period is 21 weeks as outlined below:

brunei onshore business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Brunei, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Karen Lee, directly:
client relationship officer - Karen