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Brunei International Business Companies (IBCs) and Brunei Offshore Companies related landscape are winding down and are projected to be closed by 24th December 2017.

IBCs must migrate to another jurisdiction or be wound up. Their Registered Agent can do most if not all of the migration work for the simple IBC, without a lawyer’s assistance.

Sometimes a Brunei lawyer has to be appointed when, for example, a court order needs to be obtained, and we can advise IBCs and Registered Agents on any matters relating to the winding-up and migration of IBCs out of the Brunei Offshore jurisdiction, including companies that have already been struck out. Attached is a notice of the closing, issued by the Monetary Authority of Brunei Darussalam.