Public companies are formed under the same legislation as private companies.

A Brunei Public Company is one which may issue freely transferable shares to the public and is not bound by any of the above restrictions relating to a private company.

Key Features of Brunei Public Limited Company

Brunei Public Limited Company

Corporate Details

General

  • Type of Entity

Public Limited Company

  • Registered Office in Brunei

Yes

  • Shelf company availability

No

  • Access to Double Taxation Treaties

No

Share capital or equivalent

  • Standard currency

Brunei Dollar (BND)

  • Permitted currencies

Any

  • Minimum paid up

$ 1

  • Bearer shares allowed
No
  • No par value shares allowed

No

Directors

  • Minimum number

Three

  • Local required

Yes

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

One

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

Yes

  • Requirements to file accounts

Yes

Other

  • Requirement to file annual return
Yes

 Tax treatment

Corporate tax for a Brunei is 18.5%.

Duration for set up the Company

Three months

Advantages of Brunei PLC

  • Brunei has a strong economy and currency
  • It offers several incentives for foreign Investments such as exemption of 30% of corporate tax for the period of upto 11 years.

The Valsen Advantage

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