Doing Business in Brunei Guides, ASEAN, AEC. Learn from the Brunei Small Business Ideas and Opportunities – a short guide for entrepreneurs. And get information about Brunei Franchise & Business Opportunities and other small business and SME entrepreneurship news. Brunei is one of the most business-friendly countries in the world, with a low tax base, educated population and a great many unexploited opportunities. Brunei Darussalam, Brunei Darussalam has large business potential that has yet to be exploited. The country has the advantage of a stable political environment, which is clearly favourable for business activities. Brunei has a small but wealthy economy, which is growing at a slow and steady rate. It has remained stable with an average inflation rate of 1.5% over the past twenty years.
Doing Business in Brunei Guide
Brunei Darussalam is a Southeast Asian oil-rich Sultanate on the northern coast of Borneo. A British protectorate until 1984, it boasts a well-educated and largely English-speaking population, excellent infrastructure, and a government intent on diversifying the economy and bringing foreign investment to Brunei. Despite repeated calls for diversification, Brunei’s economy remains overwhelmingly dependent on the income derived from the sale of oil and gas, which represents 96% of Brunei’s total exports (2014). Additionally, substantial revenue from overseas investment supplements income from domestic production. These two revenue streams provide a comfortable quality of life for Brunei’s population. Citizens pay no taxes and receive free education through to the university level, free medical care and subsidized housing. Learn more from Brunei Business Guide provided by ExportGov from the US Government.