Setting up a company in Brunei is a very easy task since the government of Brunei offers a host of facilities to the businessmen. The Ministry of Industry and Primary Resources of Brunei regulates all industrial activities of the country. It is the regulatory body of all the
Brunei companies. It serves as a One-Stop agency facilitating the work of the business men. You have to deal with the Ministry of industry of the country for setting up your own company. This is only required when government assistance is needed to start the business.
The Ministry does the necessary work on your behalf and all the procedures are completed within a short span of time. Any private organization which does not need government assistance will only require the approval for doing business in Brunei. Certain rules have to be followed by the
Brunei companies. A company must enter it name either as foreign company or local with the Registrar of Companies. There should be a total of seven share holders in any public company in Brunei. On the other hand, the private companies of Brunei must have at least two shareholders, if wanted, can go up to fifty. Brunei citizens must constitute half of the board of directors of any company. Brunei Shell Petroleum is one of the largest companies in Brunei. There are several types of companies in Brunei like the following:
- Sole proprietorship
- Branch of Foreign Company
- Partnership companies
- Private Company
- Public Company
