Tentmaker Reports

Brunei Darussalam Report

Entrepreneurial Missions Index

40.94

General Information

Population

417,784 (160th most populous country in the world)

RELIGIONS
Muslim67.0%
Buddhist13.0%
Christian10.0%
Other10.0%
LANGUAGES
Malay
English
Chinese

Industries

Petroleum, petroleum refining, liquefied natural gas, construction

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about Brunei Darussalam, visit https://www.cia.gov/library/publications/the-world-factbook/geos/bn.html.

Business Information

The World Bank ranks Brunei Darussalam as 98 out of 183 economies in terms of ease of doing business. The country ranks as 0 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in Brunei Darussalam.

In order to start a business in Brunei Darussalam, one must follow these procedures:

  1. Accountant prepares Form A to verify company name
  2. Submit Form A to the Registrar of Companies to verify the uniqueness of the company name
  3. Make statutory declaration at Magistrate’s Court
  4. Submit required documents at the Registrar of Companies
  5. Pay registration fees
  6. Register the company at the Registry of Companies
  7. Make a company seal
  8. Register for Employees Provident Fund
  9. Purchase application form for miscellaneous license (rampaian) at the Municipal Board of Bandar Seri Begawan
  10. Apply for miscellaneous license (“Rampaian”) at Municipal Board
  11. Apply to Fire Services department for rampaian approval
  12. Apply to the Ministry of Health for rampaian approval
  13. Receive inspection from Fire Service Department
  14. Receive inspection from Ministry of Health
  15. Pick up approval from Fire Service Department
  16. Pick up approval from Ministry of Health
  17. Submit approval letters to licensing authorities
  18. Pick up rampaian license

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in Brunei Darussalam, visit http://www.doingbusiness.org/.

 

To learn more...

 

Brunei Darussalam Economic Freedom

The World Economic Forum (WEF) was founded in 1971 by Klaus Martin Schwab at the University of Geneva in Switzerland. It is a non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss both economic and social issues facing the world. The WEF also serves as a think tank, and publishes a wide range of reports focusing on issues of concern and importance to Forum communities. In particular, Strategic Insight Teams focus on producing reports of relevance in the fields of competitiveness, global risks and scenario thinking. The Global Competitiveness Report measures competitiveness of countries and economic competitiveness among a wide range of factors such as corruption, tax rates, work ethic, and many others.
 

Brunei Darussalam Summary

 

1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project

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