Starting SME Small Business in Brunei – Learn How Guide. How to start and run a small business in Brunei for foreigners. 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 has large business potential that has yet to be exploited. The country has the advantage of a stable political environment, which is clearly favorable 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.
How-To SME Business Guide
Doing SME Business, How-To Guides. 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 the 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.
Starting a Small Business in Brunei
Are you thinking of starting a new small business in Brunei? Here is an eight-step plan that will help you. Once you know your plan, go search on the internet for more information on each step related to Brunei. You will want to make sure you prepare thoroughly before starting a new home- or online-based business in Brunei. Step One: Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful Brunei business. Step Two: Write your SME or small business plan. Step Three: How do you fund your business? Step Four: Choose your Brunei business location (if needed). Step Five: Choose a business structure. Step Six: Choose your business name. Step Seven: Register your business in Brunei, and Step Eight: Check for and get necessary permits and tax ID, etc related to your small business. And a last comment: Talk to any entrepreneur or small business owner and you’ll quickly learn that starting a business requires a lot of work. An idea doesn’t become a business without effort.
Brunei Business Links – Find more important information
– Brunei Small Business – Setting Up in Brunei
– Brunei Online Business Opportunities
– Brunei Franchise Opportunity
– Brunei Franchise, Regulatory Agency or Advisory Body
– ASEAN Wholesale Sector and Asian Trade
– Asian and ASEAN SME Directory