As the global landscape for cryptocurrency continues to evolve, countries worldwide are defining their stances on digital assets. Indonesia, with its rapidly growing economy and technological advancements, has been no exception. The regulation of cryptocurrencies in country has become a focal point for both local and international investors. This article delves into the specifics of…
Commonly, legal opinion is what we consider as an experienced lawyer’s advice. It is presented in the form of a document prepared by a client’s requirement. The article will provide you with all interested details regarding the provision of legal consultation. Legal opinion: Why do we need it? Banks frequently demand LOs from risky businesses…
1. Sorts of Commercial Units, Their Homestead and General Charge issues This country offers diverse business units with distinct lawful divisions, including the SA requiring EUR 30,000 minimum capital and the SARL with EUR 12,000, managed by boards of directors. The SARL limits subsidiaries to one hundred and could not trade publicly, while the SCA…
1. Trade License Acquiring a pervasive trade licence is a pivotal step for most commercial functioning in Switzerland. This licence is mandatory that assures your commercial functioning bonds to indigenous market rules and protocols. Here’s what you should know: Submission routine: You can apply for a commercial licence to the local canton’s market branch. This…
This is a new investment opportunity – SPI license in UK for sale. Please check out the main details regarding this proposal below. SPI license in UK for sale: key considerations Small Payment Institution (SPI) in UK for sale; Company was licensed by FCA in 2018; Allowed activities (money remittance, foreign exchange); Company has 3…
Seize the opportunity to effortlessly establish your business in the UK with our ready-made company, complete with premium bank accounts at Barclays and HSBC. Key features Company for Sale in UK with Barclays & HSBC Accounts Company Details: – Incorporated: 2024 – Registered Address: England – Company Type: Private Limited Company – Nature of Business…
Are you ready to establish your business presence in the UK effortlessly? Discover our exclusive offer—a ready-made company with immediate access to Natwest, Revolut, and Wise bank accounts. Here’s what you need to know: Key features Company for Sale in UK with Established Bank Accounts – Company Details: Founded in 2024, work in non-specialised wholesale…
An active transportation company limited by shares (SA) in Switzerland is now available for sale. This company, was established in 2020 and operates in the passenger and cargo transportation sector with a focus on sea and rail transport. Key Features Transportation Company in Switzerland Corporate Structure Form: Company limited by shares (SA) Year of Registration:…
Zurich
+41 435 50 73 23Kyiv
+38 094 712 03 54London
+44 203 868 34 37Tallinn
+372 880 41 85Vilnius
+370 52 11 14 32New York
+1 (888) 647 05 40Brunei (Brunei Darussalam) is a small state (sultanate) in Southeast Asia with great potential for opening and running a business. It is one of the richest countries in the world. In the sultanate, the main economic spheres are the oil and timber industries, as well as agriculture.
But telecommunications and e-commerce are considered the most profitable spheres of investment. In addition, the government, represented by the Sultan, supports foreign investment, promotes its attraction and expansion.
The sultanate’s economy is structured in such a way that Brunei becomes the center of the offshore business. However, the registration of a company has its own nuances, which are familiar to the Eternity Law International specialists.
Eternity Law International is one of the leaders in providing highly professional advice and impeccable assistance when registering or buying a ready-made company under the jurisdiction of Brunei Darussalam. With such support, setting up a business in Brunei will not be difficult.
EL International experts will help with the following issues:
Turning to Eternity Law International for help, you will need to pay for registration of a legal address, state registration fees, courier and registration agent services, as well as annual maintenance.
Brunei is an ideal place for registering and developing a business because the state offers comfortable conditions for both local businessmen and non-resident investors. In addition, the country’s currency is reliable and stable.
In Brunei Darussalam, as elsewhere, there are four organizational and legal forms of doing business. But there are certain restrictions for foreign investors. So, a business persons from another country is not allowed to engage in private business in Brunei.
Other forms (partnership, open and closed joint stock companies, a branch of a foreign company) do not have such prohibitions. To create a partnership, non-citizens of the Sultanate must obtain a special permit from the Department of Immigration, Economic Planning and Development, as well as from the Ministry of Labor.
All companies are required to regularly submit financial statements, and an audit need not be performed. At the same time, there is no currency control. The tax system is also very attractive to foreign investors. The following payments are not charged:
However, the income tax reaches 30%. But even here there are some nuances, for example, resident firms pay tax on all profits (received within and outside the country), and foreign organizations – only on profits received within the jurisdiction.
Among the main conditions for registering an international business in Brunei are an office and a resident agent registered in the sultanate, closed access to reporting (data secrecy), an indication of the organizational form in the name, a ban on the payment of the authorized capital in local currency (Brunei dollar), the presence of a secretary (named after must be a citizen of Brunei).
But the director does not have to be a resident of the sultanate. Meetings can be held in any country. One more condition – the name of the organization should not contain Cyrillic. It is worth noting that the authorities of Brunei Darussalam have signed an agreement on the avoidance of double taxation with 12 countries.
Thus, Brunei is a paradise for international business. It is true only in case you turn to experienced lawyers who will help you register your company correctly. Contact us and get qualified assistance.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.