STARTING A BUSINESS (SAB) : REGISTERING YOUR BUSINESS AND COMPANY - - PowerPoint PPT Presentation

Registry of Companies & Business Names Division

Level 1, Ministry of Finance Ministry of Finance Building Commonwealth Drive BB3910 Brunei Darussalam

www.roc.gov.bn

REGISTRY OF COMPANIES AND BUSINESS NAMES DIVISION MINISTRY OF FINANCE AND ECONOMY BRUNEI DARUSSALAM

STARTING A BUSINESS (SAB) : REGISTERING YOUR BUSINESS AND COMPANY NAME

Date : 28th March 2019 Venue : Bridex Hall 2, Jerudong

TYPES OF BUSINESS ENTITIES

Type of Business Entities

BU S INES S ENT IT IES

SOLE - PROPRIETORSHIP PARTNERSHIP COMPANY BUSINESS NAMES ACT (CAP. 92) COMPANIES ACT (CAP.39) www.roc.gov.bn

Sole Proprietorship (Pemilik Tunggal)

 Known as Sole trader or

Proprietorship

 One owner  Simple  Unlimited liability  Personally responsible for all

losses & debts

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Partnership (Perkongsian)

 Business Entity

having 2 – 20 partners

 Partners are personally

liable for the partnership’s debts and losses incurred by themselves

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• A partnership is not a separate legal entity from its
• wners

Company (Syarikat)

 It has a legal personality  Can be defined as ‘Artificial

person’

 It can sue or be sued in its

• wn name

 Identifiable by the words

“Sdn Bhd” and “Bhd”

 Subject to pay to Corporate

Income Tax.

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Business Entity Legislation Registration requirements Registration fees

Sole - Proprietorship Business Names Act, CAP . 92

• 18 years or above.
• Brunei Citizens and Permanent

Residents only.

• Undischarged bankrupt

cannot manage business without court or Official Receivers’ Approval

BND$30.00 Partnership Company (Sendirian Berhad/Berhad) Companies Act, CAP . 39

• Age 18 years or above
• Minimum of 2 directors. (if 2,

At least one of the directors shall be Ordinarily Resident in Brunei Darussalam)

• Undischarged bankrupt cannot

manage business without court or Official Receivers’ Approval

• At least two shareholders

BND$300.00

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Types of Business Entities

Apakah yang perlu dibuat selepas pendaftaran?

 Update any changes to the Registry of

Business Names

 Changes will be reflected in Certificate

• f Registration

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Post Registration of Business Names

Post Incorporation of Company

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Hold Annual General Meeting Appoint Auditors Filing of Annual Returns Updates on any changes

Online Registration System

Users can log on to www.roc.gov.bn

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How to register your Business

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Thank you

More information www.roc.gov.bn / www.mofe.gov.bn Enquiries info.rocbn@mofe.gov.bn +673-2-380505 (General Line) +673-2-380503 (Fax)

www.roc.gov.bn