More businesses registered via the Internet

National 2 minutes, 11 seconds

 TUTONG

MORE people are registering their businesses through the Registry of Companies and Business Names Division's (ROCBN) new online system, said a finance officer from ROCBN, Ministry of Finance (MoF).

Erma Sufinie Ali Rahman said that applications for business registration, business name reservation and company incorporation reached around hundreds each day through the online system at www.roc.gov.bn.

Speaking with The Brunei Times during the briefing on online business registration and keeping business records in Tutong yesterday, Erma said that there have been more applications made online due to increasing public awareness following the last briefing held in Temburong in September.

“After the briefings in Temburong and Belait, we noticed that more business owners are aware of registering online,” she said.

Erma also attributed the increase in awareness to the availability of online payment services through the website.

“Previously, all payments were made over the counter (at MoF), and (the online payment) now basically eases up business registrations for entrepreneurs,” she said, adding that counter services remain available.

The finance officer said that applicants who are still not sure on getting around the online system can make a visit to the MoF where they will be assisted by the staff.

She also encouraged online vendors to best register their business names with ROCBN to avoid any issues.

Erma said that the division plans to introduce more services in the future which can help ease the people to do business.

Over 100 business representatives as well as penghulus and village heads attended the briefing held at Tutong Community Hall yesterday.

Also present at the event were Tutong District Officer Wardi Hj Mohammad Ali and a member of the Legislative Council (LegCo) Yang Berhormat Orang Kaya Jaya Putera Dato Paduka Hj Mohd Taha Abd Rauf.

The dialogue was organised by the ROCBN and the Revenue Division at the MoF.

During the dialogue, Finance officer at Revenue Division Fauzi Hj Samat touched on the Record Keeping (Business) Order, in which he said it is compulsory for entrepreneurs to keep their business records for at least five years.

“We are trying to instil a culture among businesses in Brunei which is for them to be aware and keep up to date on what is going on, instil a sense of responsibility for their businesses,” he said.

Fauzi said that when documents or records are properly kept, it can help companies keep track of all the business transactions.

“So when you have all of the information, you will have a better picture or overview of how the business is going so as to allow better decision-making and planning,” he added.

The Brunei Times