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Brunei Darussalam welcomes foreign investment. Foreign investors are invited
to actively participate in the current economic diversification programme of the
country. The programme hinges on the development of the private sector. The Ministry
of Industry and Primary Resources was formed in 1989 with the responsibility of promoting
and facilitating industrial development in Brunei Darussalam. Brunei Darussalam offers
all investors security, stability, continuity, confidence and competitiveness.
Competitive investment incentives are ready and available for investors throughout
the business cycle of start up, growth, maturity and expansion. The Investment Incentive
Act which was enacted in 1975 provides tax advantages at start up and ongoing incentives
throughout growth and expansion that are comparable if not better than those offered
by other countries in the region.
Industrial activities are classified into four categories:-
- Industries related to national food security
- Industries for local market
- Industries based on local resources
- Industries for export market
Flexible Policies
Industrial policies including manpower, ownership, government support and facilities
remain open and flexible for all categories of industrial activities. Brunei Darussalam
maintains a realistic approach where a variety of arrangements are feasible. Policies
relating to ownership allow for full foreign ownership, majority foreign ownership
and minority foreign ownership, as per the type of industry and situation. Only activities
relating to national food security and those based on local resources require some
level of local participation. Industries for the local market not related to national
food security and industries for total export can be totally foreign owned. Overall,
in Brunei Darussalam, any industrial enterprise will be considered.
Supportive Environment
Brunei Darussalam offers vast land and a variety of facilities throughout all four
districts of the country. The majority of the 12 industrial sites presently developed
are ready and available for occupation. Large expanses for agroforestry and aquaculture
are also available. Rental terms and tenancy agreements are competitive and the sites
offer a range of facilities, infrastructure and resources.Brunei Darussalam gives
priority to ensuring the stability of the natural environment. As such, all sites
are free from pollution and are ecologically well balanced. The Government philosophy
is for sustainable development. Therefore, all polluting industries are banned and
one of the continuing criteria for engaging any industry's participation is the impact
on the environment.
One-Stop Agency
As the focal point for all industrial development, the Ministry of Industry and Primary
Resources coordinates all industrial development activities. For investments in Brunei
Darussalam, the Ministry is a One-Stop Agency.
It is remarkably easy to start an industry in Brunei Darussalam. A totally private
development which does not require Government facilities needs only the approval
to start. Those requiring Government facilities and assistance need only deal with
the Ministry, which will liaise with other agencies and expedite applications.
The Ministry realizes the importance of time frames and clear decision making processes
to your business. The entire procedure has only four stages:-
- Approval of the concept
- Approval of firm proposal
- Approval of physical plans
- Approval to operate
In all four stages, the Ministry of Industry and Primary Resources is your contact
as a One-Stop Agency. In Brunei Darussalam, we make it easy and look forward to being
Your Profitable Partner. We invite you to invest in Brunei Darussalam as a Partner
in Success.
Please contact the Ministry of Industry and Primary Resources directly - we are ready
and available to help.
For further enquiries, please contact the following:-
Chairman
One-Stop Agency
The Ministry of Industry and Primary Resources
Bandar Seri Begawan 1220
Brunei Darussalam
Telefax: (02) 244811
Telex: MIPRS BU 2111
Cable: MIPRS BRUNEI
For a complete business guide, please click here.
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