Licensing Criteria
Pawnbroking Licence
The Pawnbrokers Order, 2022 requires any companies or individuals to apply for a licence to conduct the business of a pawnbroker.
Application Process
Persons wishing to obtain a pawnbroker licence must submit a written application to BDCB, along with an application fee.
Licensing Criteria
In considering any application for a licence, applicants must be able to satisfy the general requirements deemed necessary by the Authority, such as but not limited to:
- a) The proposed business must be in accordance with Hukum Syara';
- b) Any persons may apply whether or not professing the Islamic religion;
- c) Must be able to provide minimum paid-up capital of BND50,000.
Relevant Fees and Security
| Application Fee | Annual Licence Fee | Security (Banker's Guarantee) |
|---|---|---|
| BND100.00 | BND5,000.00 | BND100,000.00 |
Moneylending Licence
The Moneylenders Act, Cap. 62, requires any persons to apply for a licence to conduct the business of a moneylender.
Application Process
Persons wishing to obtain a moneylender licence must submit a written application to BDCB.
Licensing Criteria
In considering any application for a licence, applicants must be able to satisfy the general requirements deemed necessary by the Authority, such as but not limited to:
- a) Must be able to provide minimum paid-up capital of such amount as determined by BDCB;
- b) Must have permanent place of business or a registered office in Brunei Darussalam.
Relevant Fees and Security
| Annual Licence Fee | Security (Banker's Guarantee) |
|---|---|
| BND500.00 | Amount to be determined by Authority |
Without prejudice to the criteria set out above, the Authority may consider each application on its own merits and may consider other factors, where appropriate, on a case-to-case basis; and may, from time to time, impose any other conditions on the applicant.
An application along with necessary documentations shall be submitted to:
Supervision 3 (Specialised Market)Regulatory and Supervision Department
Brunei Darussalam Central Bank
Level 7, Ministry of Finance and Economy Building
Commonwealth Drive
Bandar Seri Begawan BB3910
For further enquiries, please contact 2380975 or email bankingpolicy[at]bdcb[dot]gov[dot]bn.