Brunei Virtual Office Services

Brunei Virtual Office Services
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.