Valsen Corporate

Brunei PLC

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.