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Fees and timelines in 2023

Fees

pay fee by instalmentsTax resident LLC setup in Brunei amounts to US$4,350 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 typesCostDraft invoice
Tax resident LLCUS$18,215View invoice PDF
Branch of a foreign companyUS$14,780View invoice PDF
PLC companyUS$26,730View invoice PDF
Free zone companyUS$21,380View invoice PDF
International trustUS$17,400View invoice PDF
Brunei Branch Annual RenewalUS$20,565View invoice PDF

Click here to create your own Brunei invoice

Other fee considerations

Timelines

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

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