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Introduction | Information BRUNEI Since the establishment of the International Financial Centre (BIFC), Brunei is a “dual jurisdiction", whereby the international legislation offers offshore facilities alongside the usual range of domestic legislation drawn from that of England and Wales. Legislation passed in 2000 introduced a number of additional corporate forms which are available to business operations in the BIFC, including International Business Companies, International Limited Partnerships and International Trusts. The incorporation of an IBC is governed by the International Business Company Order, 2000 (IBCO), which makes provision for tax-free corporate facilities at highly competitive cost levels. Brunei is more concerned with attracting a critical mass of good business than to achieve a fee-based income stream at a high cost to end-users. IBCs may be limited by shares, by guarantee, limited by shares and guarantee, of limited duration, Dedicated Cell Companies, created by conversion, re-domiciled or discontinued in Brunei. Foreign or overseas companies may register as Foreign International Companies and also operate tax free.