Brunei PLC

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.