Brunei Company Factsheet

A Quick Look At Brunei

Brunei is strategically located in the heart of South-east Asia and the country is flanked by premier financial services centres such as Hong Kong, Singapore and Kuala Lumpur. Being a former British protectorate, Brunei’s judiciary system is based on the English Common Law, thus making it a familiar turf for global players. The sultanate has always been known as one of the wealthiest nations due to its vast hydrocarbon resources. With a population stands at around 415,000, its people enjoy a standard of living that is among the highest in the world in terms of per capita GDP.
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In recent years, increased emphasis has been placed for economic diversification and the government is focused on making the most of ASEAN’s recent surge in growth by attracting foreign direct investment. Brunei enjoys one of the most liberal tax regimes in the region. Attractive incentives in the form of tax exemption between 5 and 20 years are available for investor for pioneer industries in the form of corporate tax relief, exemption from import duties tax, machinery, equipment and adjustments of capital allowances and losses.

General Information

• Time Zone: GMT +8 hours
• Geography: Situated on the north-western coast of Borneo, with a total area of 5,765 sq. km, borders the Malaysian state of Sarawak and the South China Sea
• Capital City and Business Centre: Bandar Seri Begawan
• Accessibility: Most South-east Asian key regional cities, as well as Hong Kong, Shanghai, Dubai and London
• Language: Malay language (official). English is widely spoken and the language of business

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