Brunei Company Formation |
|
||||||||||||||||||
Brunei company formation provides entrepreneurs invest in Brunei's strong manufacturing and services sectors. There are two types of companies in Brunei, a resident company (known as a Brunei Sendirian Berhad) and a non resident company (known as a Brunei offshore company). A Brunei offshore company is an excellent, tax-efficient entity through which international entrepreneurs can conduct business in Asia and internationally. A Brunei Sendirian Berhad is the required corporate structure to conduct business within Brunei. The following information will help you determine whether Brunei company formation is the optimum corporate structure to fulfill your international business objectives: |
|||||||||||||||||||
Advantages of Brunei Company Formation |
|||||||||||||||||||
| 1. | If properly-structured, Brunei company formation assists our clients to legitimately conduct international business free of corporate tax. In addition, Brunei is not perceived as an offshore tax haven. A Brunei offshore company is the preferred entity for this purpose. |
||||||||||||||||||
| 2. | A minimum of one director is required for Brunei offshore company formation, while a Brunei resident company (Sendirian Berhad) requires two directors. |
||||||||||||||||||
| 3. | Brunei company formation allows the shareholders to be any nationality, and corporate shareholders are permitted. Only one shareholder is required for a Brunei offshore company, while a minimum of two is required for a resident Brunei Sendirian Berhad company. |
||||||||||||||||||
| 4. | The minimum paid up capital requirements is US$1 for both Brunei offshore company formation and for the resident Brunei Sendirian Berhad. |
||||||||||||||||||
| 5. | Oil-rich Brunei is strategically-located in southeast Asia with a stable economy and currency, and a sophisticated financial infrastructure. |
||||||||||||||||||
| 6. | Brunei ranks 44th, out of 178 countries, in the 2011 Corruption Perceptions Index by Transparency International. The survey measures levels of corruption amongst public officials. |
||||||||||||||||||
| 7. | Healy Consultants will open a corporate bank account to support Brunei company formation. Healy Consultants works with internationally recognized banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
||||||||||||||||||
Disadvantages of Brunei Company Formation |
|||||||||||||||||||
1. |
Before company formation of a Brunei resident company, it is necessary to appoint a Brunei resident director and resident company secretary. |
||||||||||||||||||
2. |
A Brunei resident company pays a corporate tax of 20%. |
||||||||||||||||||
3. |
Following Brunei resident company formation, annual audited financial statements must be submitted to the Hong Kong Inland Revenue Department. Healy Consultants will assist our clients efficiently and effectively complete this annual statutory obligation. |
||||||||||||||||||
4. |
Brunei resident company formation is a time consuming process that can last two to six months. Brunei is poorly ranked as the world's 112th easiest place to do business, according to the 2011 Doing Business Survey by the World Bank. |
||||||||||||||||||
| Contact Us | |||||||||||||||||||
| For more information on Brunei company formation, contact email@healyconsultants.com or telephone us at (+65) 6735 0120. | |||||||||||||||||||
| Back to Asia Company Incorporation page. | |||||||||||||||||||
Back to Home page. |
|||||||||||||||||||
BRUNEI NEWS |
||