Fees and timelines in 2022

Fees

pay fee by instalmentsTax resident LLC setup in Brunei amounts to US$5,350 in year 1 and annual company costs in year 2 and thereafter amount to US$1,750. These average engagement fees include i) Brunei company formation ii) Brunei company corporate bank account iii) provision of a registered address and iv) estimate of government-induced fees.

Different Brunei entity types Cost Draft invoice
Tax resident LLC US$19,215 View invoice PDF
Branch of a foreign company US$14,780 View invoice PDF
PLC company US$26,730 View invoice PDF
Free zone company US$21,380 View invoice PDF
International trust US$17,400 View invoice PDF

Click here to create your own Brunei invoice

Timelines

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

Service Brunei International Partnership Brunei offshore trust Brunei LLC Brunei free zone company Brunei PLC Brunei branch
Engagement planning 1 week 1 week 2 weeks 2 weeks 2 weeks 4 weeks
Company incorporation period 2 weeks 2 weeks 3 months 5 months 3 months 14 weeks
Bank account approval 1 month 1 month 1 month 1 month 1 month 1 month
Internet banking approval 1 week 1 week 1 week 2 weeks 2 weeks 2 weeks
Incorporation completion 2 weeks 2 weeks 2 weeks 2 weeks 1 week 1 week
Total engagement period 10 weeks 10 weeks 21 weeks 30 weeks 21 weeks 25 weeks


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 contact our in-house country expert, Ms. Lisa McHugh Dolan, directly:
Consultant at HC - lisa
  • Ms. Lisa McHugh Dolan
  • Accountant / Client Relationship Officer
  • Contact me!