Right to Private Ownership and Establishment
All businesses in Brunei must be registered with the Registrar of
Companies within the Attorney General’s Chambers. Except for sole
proprietorships, foreign investors can fully own incorporated companies,
foreign company branches or representative offices. Partnerships
generally require the participation of citizens. Foreign direct investments
by multi-national corporations may not require local partnership in
setting up a subsidiary of their parent company in Brunei. However, at
least one company director must be a Brunei citizen or permanent
resident in Brunei Darussalam. A multinational company with an
operating plant on an MIPR industrial park is required to have 30% of the
companies’ board represented by Brunei citizens and permanent
residents.