Brunei IBC

Brunei Darussalam is a small but wealthy sultanate located on Borneo Island in Southeast Asia. It has a very stable political and economic environment beneficial for foreign investors. Its legal system is based on English Common Law. An offshore company in Brunei is called an International Business Company (IBC) and it is well suited for international business although it cannot trade or own real estate within Brunei or undertake financial activities without a special license. Brunei IBC provides for privacy of its owners as the details of the company directors and shareholders are not recorded with the Registrar. IBC does not pay income tax, capital gains tax, stamp duty or other direct tax.

Key Features

Brunei IBC

Corporate Details

General

  • Type of Entity

IBC

  • Type of Law

English Common Law

  • Registered Office in Brunei

Yes

  • Shelf company availability

Yes

  • Our time to establish a new company

5 Business days

  • Corporate Taxation

No

  • Access to Double Taxation Treaties

No

Share capital or equivalent

  • Standard currency

US$

  • Permitted currencies

Any (Except for Brunei Currency)

  • Minimum paid up

US$1

  • Usual authorized

US$1,000,000

Directors

  • Minimum number

1

  • Local required

No

  • Publicly accessible records

Yes

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Members

  • Minimum number

1

  • Publicly accessible records

No

  • Corporate members allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

Yes

  • Local or qualified

Local (an officer of registered agent)

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

Optional

  • Requirements to file accounts

No

  • Publicly accessible accounts

No

Other

  • Requirement to file annual return

Yes

  • Migration of domicile permitted

Yes

Advantages

  1. The Brunei IBC provides zero-tax regime
  2. No extra annual fees for issuing high authorized share capital (Ideal for fundraising activities)
  3. Audited financial statements are not mandatory
  4. Brunei has a stable economy and currency
  5. Sophisticated financial infrastructure
  6. No information exchange treaties with other major countries
  7. Islamic banking services are available

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.