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NEW ONLINE SYSTEM: REGISTRATION OF BUSINESS NAMES MADE EASY

A TOTAL of 416 companies have registered in the sultanate between January to September 2015 through the Registry of Companies and Business Names Division's (ROCBN) new online system.

 The Director of ROCBN Hjh Nurliati Hj Md Idris said recently the total figure was a step in the right direction for the division; reflecting the business community's receptiveness to their online registration system, which was launched earlier this year.

ROCBN, under the Ministry of Finance (MOF), is responsible for the registration of businesses, with its website as the primary site to register business names and incorporate companies.

“We began opening registration for companies earlier in January, before beginning to handle registrations in July for sole proprietorships and partnerships, which we call business names,” said the director on the sidelines of a ROCBN and record keeping briefing for the Belait community.

Registration for business names has also taken off with 317 owners filing their applications online from July 27 to September.

“The purpose behind transferring over to this new online system is to facilitate a better business environment, by easing the process of starting a business through simplifying and speeding up the registration process,” she said.

 

An application submitted with all required documents can be processed within one working day, with the director noting the fastest registration taking between two to five minutes.

Before ROCBN’s new online system was launched, business owners used the e-Registry to register online, a system introduced in 2006 when the division was still under the Attorney General Chambers. ROCBN was later moved to MOF in 2012.

“Everything now has been digitised. The necessary documents can be scanned and uploaded, payments can be made online and even the certificate of incorporation and registration can be obtained electronically through email,” she said.

“In addition, any future amendments for example changes in address, list of directors, even change of business and company names can be done online.” The director assured the safety and authenticity of the electronic certificates of incorporation and registration. She said a validation code would accompany every certificate issued which could be verified online.

 

ROCBN’s website at www.roc.gov.bn will also allow registered users to purchase the details of other companies, such as addresses and details of ownership to open up collaborative and investment opportunities. Those needing help with the new online system can visit ROCBN’s counters at Level 1 of the MOF Building, where computer kiosks have been stationed.

 

 

 

 

[Courtesy: Brunei Times, 12th October 2015]

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