Brunei is a stable and prosperous country that offers not only excellent infrastructure but also a strategic location within the Asian group of countries. No personal income tax is imposed in Brunei.
Businesses are also not imposed sales of tax, payroll, manufacturing and export tax. Approved foreign investors can enjoy a company tax holiday of up to eight years. The regulations relating to foreign participation in equity are flexible.
AMERICAN companies are looking at Brunei with renewed perspective as both countries work towards ratifying the Trans-Pacific Partnership (TPP) agreement which will give a different level of economic interaction between the two countries.
US Ambassador to Brunei Craig Allen said over 120 US companies have enjoyed a strong presence in Brunei dealing in various forms of business such as supply, franchising and direct investment.