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A. Investment Incentives Order 2001
The objective of the Investment incentives Order 2001 is to make new provision for encouraging the establishment and the development in Brunei Darussalam of industrial and other economic enterprises, for economic expansion and for incidental and related purposes.
Investment Incentives Order 2001 monitored by The Ministry of Industry and Primary Resources offers investment incentives in the form of tax exemption under the following heading:
1. PIONEER INDUSTRIES2. PIONEER SERVICE COMPANIES3. POST-PIONEER COMPANIES4. EXPANSION OF ESTABLISHED ENTERPRISES5. EXPANDING SERVICE COMPANIES6. PRODUCTION FOR EXPORT7. EXPORT OF SERVICES8. INTERNATIONAL TRADE INCENTIVES9. FOREIGN LOANS FOR PRODUCTIVE EQUIPMENT10. INVESTMENT ALLOWANCES11. WAREHOUSING AND SERVICING INCENTIVES12. INVESTMENT IN NEW TECHNOLOGY COMPANIES13. OVERSEAS INVESTMENT AND VENTURE CAPITAL INCENTIVES
B. Checklist Application (Industry) Under Investment Incentives Order, 2001
1.Comply all the requirement under Investment Incentives Order, 20012.A Company incorporated in accordance with the provisions of any written law relating to companies.3.Any Company may make an application of investment incentives which can get from Promotion and facilitation Services Division, third floor, Ministry of Industry and Primary Resources.4.Pioneer industry must be declared pioneer industry by Minister.5.For the purpose of its fixed capital expenditure (not less than $500,000) the pioneer enterprise shall submit to the Ministry of Industry and Primary Resources the document specified below: i.If operated, Audited Account (Net Book Value) must be provided; ii.Contract agreement for industrial building; iii.Invoice or receipt of fixed capital expenditure; iv.If not yet operate, feasibility study/business plan should be provided.
C. Checklist Application (Services) Under Investment Incentives Order, 2001
1.Comply all the requirement under Investment Incentives Order, 20012.A Company incorporated in accordance with the provisions of any written law relating to companies.3.Any Company may make an application of investment incentives which can get from Promotion and facilitation Services Division, third floor, Ministry of Industry and Primary Resources.4.Pioneer services must be qualifying activity declared by Minister.
D. Other Exemption
There are no export, sales payroll and manufacturing taxes in Brunei Darussalam.
For more information please refer to Investment Incentives Order 2001(No 26 Government Gazette part II 26/6/2001) ,The Income Tax Act(CAP 35) and Custom Act(CAP 36)
Investment Incentives Services Unit,Promotion and Facilitation Services Division,Ministry of Industry and Primary Resources,Third Floor, Jalan Menteri Besar,Bandar Seri Begawan, BB3910,Brunei Darussalam.
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