One Common Portal

About OCP

The One Common Portal (OCP) is an initiative by the Ministry of Finance and Economy (MOFE) which aims to bring MOFE online services together onto a single platform and provide a more seamless user experience for the corporate community to manage their corporate obligations throughout the business lifecycle from setting up a company or business to managing tax affairs.

About ROCBN

About Registry of Companies and Business Names division (ROCBN)

The Registry of Companies and Business Names (ROCBN) was established in 1959 under the Attorney General's Chambers. In April 2012, the Registry of Companies and Business Names was transferred to Ministry of Finance and Economy.

Vision
To be the trusted corporate registry

Mission
Providing quality services to the business community and other stakeholders

Functions

To administer the Business Names Act (Chapter 92) and Companies Act (Chapter 39)
To establish a register of documents and information and provide access to these documents
To promote public awareness on any matter under the purview of the Registry
To represent the Government internationally in matters relating to the registration and regulations of business entities.

Roles
To facilitate the registration of business and the incorporation of companies.

List of Assistant Registrars

	Position	Date of Appointment
Mohamad Saiful Adilin bin Haji Edin Finance Officer	Assistant Registrar	1st June 2013
Dyg Erma Sufinie binti Ali Rahman Finance Officer	Assistant Registrar	27th April 2016
Dk Asmaa Hani binti Pg Omarali Finance Officer	Assistant Registrar	27th April 2016
Awg Lim Sei Kee Finance Officer	Assistant Registrar	27th April 2016

Types of Business Entities

The Registry of Companies and Business Names registers business and incorporates companies under any of the following forms:

	Sole-Proprietorship	Partnership	Company
Definition	A business owned by one person	A business firm/organization of two or more partners	A business form which is a legal entity separate and distinct from its shareholders and directors
Owned by	One person	Generally, between 2 to 20 partners. A partnership of more than 20 partners must incorporate	Private Company Private Company has at least 2 shareholders and a maximum of 50 shareholders. Public Company Public Company has at least 7 shareholders/members
Legal Status	Not a separate legal entity Owner has unlimited liability Can sue or be sued in individual’s own name Can also be sued in business names Owner personally liable for debts and losses of business	Not a separate legal entity Partners have unlimited liability Can sue or be sued in firm’s name Partner’s personally liable for partnership’s debts and losses incurred by other partners	Not a separate legal entity Partners have unlimited liability Can sue or be sued in firm’s name Partner’s personally liable for partnership’s debts and losses incurred by other partners
Registration requirement	Age 18 years or above Brunei Citizens or Permanent Residents only. Undischarged bankrupt cannot manage business without court or Official Receiver’s Approval	Age 18 years or above Brunei Citizens and Permanent Residents only. Undischarged bankrupt cannot manage business without court or Official Receiver’s Approval	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 Receiver’s Approval
Formalities and expenses	Quick and easy to set up Easy to administer and manage Registration cost is minimal Less administrative duties to adhere to	Quick and easy to set up Easy to administer and manage Registration cost is minimal Less administrative duties to adhere to	More costly to set up and maintain More formalities to comply with Annual Returns must be filed as Statutory Requirement of General Meetings, directors, share allotments, etc.
Set-up fee	$30 registration fee	$30 for registration fee	$300 for incorporation fee
Continuity of the business entity	Exists as long as the owner is alive and desires to continue the business	Exists subject to Partnership Agreement	A company has perpetual succession until wound up or struck off
Closing of the business	By owner – Cessation of business	By partners – Cessation of business or dissolution of partnership	Winding up – voluntarily by members of compulsorily by the High Court Striking Off

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