Brunei is a small country located in Southeast Asia, with a high standard of living due to its vast oil and gas reserves. It is governed as a Sultanate and its citizens pay no income tax. A British protectorate since 1888, Brunei was the only Malay state in 1963 which chose not to join the federation that became Malaysia, and only became fully independent in 1984.
The vast majority of its population lives in the larger western part of the country, with only around 10,000 people living in its mountainous eastern region. Most of its land is covered by the rainforests of the Borneo region.
The official religion is Islam, and its official language is Standard Malay, although Arabic is also taught in the schools. Brunei has a relatively conservative culture with Sharia law officially declared as their judicial infrastructure.
|March 11||Isra and Mi’raj|
|April 13||Ramadan Start|
|April 29||Nuzul Al-Qur’an|
|May 13||Eid ul Fitr|
|May 15||Eid Al Fitr Holiday|
|May 31||Royal Brunei Armed Forces Day|
|July 15||Sultan’s Birthday|
|July 20||Eid ul Adha|
|August 10||Muharram/Islamic New Year|
|October 19||Milad un Nabi (Mawlid)|
|December 25||Christmas Day|
- Limited Liability
- Corporate Tax: 20%
- Income Tax (Lowest Marginal Rate): 0%
- Income Tax (Highest Marginal Rate): 0%
- VAT/GST/Sales Tax: N/A
- Baiduri Bank (Local Bank)
- Bank Islam Brunei Darussalam (Local Bank)
- Perbadanan Tabung Amanah Islam Brune (Local Bank)
- Maybank (Foreign Bank)
- RHB Bank (Foreign Bank)
- Standard Chartered Bank (Foreign Bank)
- UOB Ltd. (Foreign Bank)
- Bank of China (Hong Kong) (Foreign Bank)
Aadmi can support you with your expansion to Brunei. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.