Scribd
Upload
27 views2 pages

Client Guide Offshore Brunei

An International Business Company (IBC) in Brunei offers several benefits including no corporate or dividend taxes. IBCs can engage in any activities not prohibited by Brunei law and require only one director who may reside anywhere in the world. While an IBC must have a local company secretary, it can have shareholders and bank accounts located globally. Forming an IBC provides a tax-exempt structure with minimal administration and reporting requirements.

Uploaded by

lolin0164
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
27 views2 pages

Client Guide Offshore Brunei

An International Business Company (IBC) in Brunei offers several benefits including no corporate or dividend taxes. IBCs can engage in any activities not prohibited by Brunei law and require only one director who may reside anywhere in the world. While an IBC must have a local company secretary, it can have shareholders and bank accounts located globally. Forming an IBC provides a tax-exempt structure with minimal administration and reporting requirements.

Uploaded by

lolin0164
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

Consultants & Services

Member of ILS International Legal Services

INTERNATIONAL BUSINES COMPANY (IBC)


BRUNEI
GENERAL INFORMATION
Official language Malay
Political stability Excellent
Tax Information Exchange Agreements Non are applicable on IBCs
Profit tax IBCs are exempt from corporate taxation
Dividend tax No tax – No withholding tax on distributed dividend

COMPANY
Most popular legal form of company Company Limited by Shares
An IBC may engage in any activity not prohibited under
Authorized activities
the laws of Brunei.
Registered local agent Compulsory
Shelf/readymade companies Yes
Language used for documents English
Company Name The official name has to be in Roman Characters

DIRECTORS

Eligibility Every individual or company


Minimum number of director One.
Place of residence of the director Can live all over the world
Obligation to have a local director No
Must be held at the Registered Office, but it is not a
Register of Directors
matter of public record.
Nominee Director Available Yes
Location of general meeting Anywhere in the world

COMPANY SECRETARY
Compulsory secretary Yes
Obligation to have a local secretary Yes (must be Brunei resident)
Available local secretary Yes

IL Consultants & Services Ltd. Phone + 852 3104 2811


Suite 1905, St George Building Fax + 852 3104 2813
2 Ice House Street, Central, Hong Kong mail : [email protected]
Consultants & Services
Member of ILS International Legal Services

SHAREHOLDERS

Minimum number of shareholders 1

Maximum Number of shareholders Unlimited


Eligibility Every individual or entity
Register of Shareholder No
Available Nominee Shareholder Yes

SHARES
Minimum number of shares 1
Maximum number of shares Unlimited
Bearer shares Not authorized
Category of authorized shares Ordinary shares, preference shares…

SHARE CAPITAL

Authorized currencies Any (Except for Brunei Currency)

Minimum paid-up capital USD 1.

Usual Authorized Share Capital USD 1,000,000

ADMINISTRATION AND ACCOUNTING


Accounting Compulsory

Justifications of expenses and receipts Nothing to justify

Balance sheet to be passed on to the No


authorities

BANK ACCOUNT
Location of the bank account Can be located anywhere
Bank Account in Brunei
Internet banking
Exchange control None

IL Consultants & Services Ltd. Phone + 852 3104 2811


Suite 1905, St George Building Fax + 852 3104 2813
2 Ice House Street, Central, Hong Kong mail : [email protected]

You might also like