Brunei Darussalam

Ease of Doing Business in

Brunei Darussalam

This page summarizes Doing Business 2013 data for Brunei Darussalam. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region East Asia & Pacific
Income Category High income
Population 405,938
GNI Per Capita (US$) 36,584
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
79 83 down 4

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
57.0 55.2 down 1.8
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 135 137 up 2
Dealing with Construction Permits 43 88 up 45
Getting Electricity 29 29 No change
Registering Property 115 113 up -2
Getting Credit 129 127 up -2
Protecting Investors 117 114 up -3
Paying Taxes 22 21 up -1
Trading Across Borders 40 36 up -4
Enforcing Contracts 158 158 No change
Resolving Insolvency 46 44 up -2

Economy Profile

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Additional Data

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2013 Rank 135 DB 2012 Rank 137 Change in Rank up2
DB 2013 DTF** (% points) 52.6 DB 2012 DTF** (% points) 52.4 Improvement in DTF** (% points) up0.2
Indicator Brunei Darussalam East Asia & Pacific OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology Procedures (number)
15 7 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology Time (days)
101 36 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology Cost (% of income per capita)
10.7 22.4 4.5

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology Paid-in Min. Capital (% of income per capita)
0.0 13.4 13.3
No. Procedure Time to Complete Associated Costs
1 Accountant prepares Form A to verify company name 5 days BND 1,505
2 Make statutory declaration at Magistrate’s Court 1 day BND 9
3 Sumbit required documents and registraton fees for company registration at the Registry of Companies 10 days Registration fee on capital (BND 300 for the first BND 25,000 of share capital and BND 20 for every BND 5,000 for the share capital between BND 25,000 and BND 500,000) + BND 20 for Memorandum and Articles of Association + BND 10 for Form X; BND 10 for each consent letter (5) + BND 10 for Notice of the Situation of Registered Office + BND 25 for Certificate of Incorporation + BND 80 for 2 certified copies of the Memorandum and Articles of Association at BND 4/page x 10 pages + BND 10 postage stamp for the original Memorandum and Articles of Association + BND 5 postage stamp for each certified copy of the Memorandum and Articles of Association to be returned to the applicant
4 Make a company seal 3 days BND 185
* 5 Register for Employees Provident Fund 1 day, simultaneous with previous procedure no charge
6 Purchase application form for miscellaneous license (rampaian) at the Municipal Board of Bandar Seri Begawan 1 day BND 2
7 Apply for miscellaneous license (“Rampaian”) at Municipal Board 2 months BND 50 (license application) + BND 50 (FSD approval)
* 8 Apply to Fire Services Department (FSD) for rampaian approval 1 day (simultaneous with procedure 7) no charge
* 9 Apply to the Ministry of Health for rampaian approval 1 day (simultaneous with procedure 7) no charge
* 10 Receive inspection from Fire Service Department 1 day (simultaneous with procedure 7) BND 750
* 11 Receive inspection from Ministry of Health 1 day (simultaneous with procedure 7) no charge
* 12 Pick up approval Fire Service Department 1 day (simultaneous with procedure 7) no charge
* 13 Pick up approval from Ministry of Health 1 day (simultaneous with procedure 7) no charge
* 14 Submit approval letters to licensing authorities 1 day (simultaneous with procedure 7) no charge
15 Pick up rampaian license 21 days BND 100
* Takes place simultaneously with another procedure.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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