Brunei Private Company

Companies that are incorporated in Brunei Darussalam are governed by the Companies Act (Cap 39). Under the Act, four types of companies may be incorporated:

• Companies limited by shares;
• Companies limited by guarantee;
• Companies limited both by shares and guarantee; and
• Unlimited companies.

A private company must, by its constitution (Articles of Association), restrict the right of members to transfer shares, limit its membership to fifty and prohibit any invitation to the public to subscribe for shares or debentures.
Key Features of Brunei Private Company

Brunei Private Company	Corporate Details
General
Type of company	Private Company
Registered office and Agent	No
Company seal	Optional
Can bid government contracts	No
Shelf companies available	No
Directors
Minimum Number	One
Local representative	Yes
Disclosure of the beneficial owners  to the Registrar	No
Shareholders
Minimum Number of shareholders	Two
Other
Must file Annual Tax return	Yes
Must prepare accounts	Yes
Must File Annual Financial statements	Yes
Must appoint an Auditor	Yes

Advantages of Brunei Private Company

• 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 up to 11 years.
• Brunei has no personal Income Tax

The Valsen Advantage

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