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Brunei: Types of Company

International Financial Centre

Legislation passed in 2000 introduced a number of additional corporate forms which are available to business operations in the International Financial Centre, including International Business Companies, International Limited Partnerships, and International Trusts.

The Registrar of International Business Companies and Limited Partnerships is the lawyer in charge of a Registry, which, for confidentiality and administrative reasons is a part of BIFC. The Registry is within MOF and quite separate from the domestic registry.

The Registered Agents and Licensed Trustees Order, 2000 ('RATLO') restricts the provision of 'international business services' to companies licensed under that Order. There are 12 (2010) Registered Agents and Licensed Trust Companies registered under RATLO. All establishment and compliance documents (including Certificates of Due Diligence) of International Business Companies (and Limited Partnerships) are filed by these licensed trustees.

 

 

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