Brunei International Business Companies (IBC) is winding down
Brunei International Business Companies (IBC) and the Brunei Offshore Companies related landscape
is winding down and is projected to be fully closed by the 24th December 2017.
This means that IBCs are, to either migrate to another jurisdiction or wind-up. Most of the work for migration, if not all, for the simple IBC can be done by their respective Registered Agents without the need for
However, please note that there are certain instances where a Brunei lawyer needs to be appointed, such as in circumstances where court orders need to be obtained. We will be able to advise IBCs and RAs on
any matters relating to the winding-up and migration of IBCs out of the Brunei Offshore jurisdiction including companies that has already been struck out. Attached is a notice of the closing issued by the
AMBD dated 22nd December 2016.