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Performing in Brunei

 Doing Business in Brunei Essay

Performing in

Brunei

Produced by the UKTI Crew in Brunei, based with the British Substantial Commission in Bandar Seri Begawan Speak to: Stephen Phillips Email: sophie. [email protected] gov. uk Previous Updated: September 2012

The purpose of the Doing Business guides, made by UK Operate & Expense (UKTI) is to provide info to help receivers form their own judgments when coming up with business decisions as to whether to take a position or run in a particular country. The Report's material were presumed (at time that the Statement was prepared) to be trustworthy, but simply no representations or perhaps warranties, share or intended, are made or perhaps given by UKTI or its parent Departments (the Overseas and Commonwealth Office (FCO) and the Office for Business, Advancement and Expertise (BIS)) for the accuracy with the Report, the completeness or its appropriateness for any purpose. In particular, non-e of the Report's contents should be construed because advice or perhaps solicitation to buy or sell off securities, products or any other form of economic instrument. No liability is usually accepted by UKTI, the FCO or BIS for virtually any loss or perhaps damage (whether consequential or perhaps otherwise) that might arise out of or in connection with the Report.

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Are you a part of a UK company desperate to export overseas? Interested in coming into or broadening your activity in the Brunei market? In that case this guide is made for you! The primary objective on this Doing Business Guidebook is to give you basic knowledge about Brunei; an understanding of it is economy, business culture, potential opportunities and an introduction to other relevant issues. Newbie exporters, in particular will find that a useful kick off point. Further assistance is available from your UKTI group in Brunei. Full data are available at the final of this guideline.

Important Information -- Sanctions and Embargoes Several countries probably subject to foreign trade restrictions as a result of sanctions and embargoes put on them by the UN or EU. Conveying companies are responsible for checking that their merchandise can be exported and that they are employing the correct permits. Further information is available on the Division for Business, Innovation & Abilities (BIS)

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Content 1 . 2 . three or more. 4. 5. 6. 7. 8. Launch.............................................................................................. 4 Getting ready to Export to Brunei...................................................................... 7 How to do business in Brunei...................................................................... 9 Business Etiquette, Dialect and Tradition.................................................. 13 Exactly what are the Issues?......................................................................... 16 Tips on how to Invest in Brunei............................................................................ 17 Associates.................................................................................................. 18 Resources/Useful Links............................................................................. nineteen

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Introduction

Brunei Darussalam can be found on the north coast in the island of Borneo, in South East Asia, where it borders Sarawak (East Malaysia) and the South Chinese suppliers Sea. Brunei became fully independent from your UK upon 1 January 1984. The is a ‘Malay Muslim Monarchy' (MIB in the Malay acronym), governed by simply His Majesty the Sultan, who appoints Ministers – in accordance with good local customs – and ensures that the proceeds from Brunei's oil and natural gas (LNG) exports happen to be spent inside the public interest. A small populace (about four-twenty, 000) will also help keep Brunei towards the top of intercontinental rankings intended for per capita GDP.

Strong points of the marketplace

In brief these are:

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An adult literacy rate of 96 percent, and The english language is broadly spoken – it is utilized as a language of education in Express schools and a lot of Bruneians usually study in another country, particularly in the united kingdom and Quotes. Economic stableness...

Links: Organization Link: Intercontinental Trade Organization Link's Foreign Trade web pages provide an introduction to export basics including license, customs procedures, classifying and movement of products, other regulating information and export paperwork issues. In addition, it introduces exporters to the UK Trade Tariff. Essential browsing for exporters!

Country Info: BBC Internet site: http://news.bbc.co.uk/1/hi/country_profiles/default.stm FCO Country Profile: http://www.fco.gov.uk/en/travel-and-living-abroad/travel-advice-by-country/country-profile/ Lifestyle and communications: CILT – National Middle for Different languages - Regional Language Network in your area: http://www.cilt.org.uk/workplace/employer_support/in_your_area.aspx Quintessential culture guides: http://www.kwintessential.co.uk/ Customs & Regulations: HM Revenue & Customs: www.hmrc.gov.uk Import Regulates and paperwork (SITPRO): http://www.sitpro.org.uk Economic Data: Economist: http://www.economist.com/countries/ Export Control Export Control Organisation: http://www.berr.gov.uk/whatwedo/europeandtrade/strategic-export-control/index.html/strategic-exportcontrol/index.html Export Finance and Insurance: ECGD: http://www.ecgd.gov.uk/

Intellectual Home

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Mental Property Workplace: www.ipo.gov.uk Marketplace Access Market Access Data source for Charges (for non-EU markets only): http://mkaccdb.eu.int/mkaccdb2/indexPubli.htm SOLVIT – Beating Trade Limitations (EU Markets only) www.bis.gov.uk/EUMarketAccessUnit Standard and Technical Polices: British Specifications Institution (BSI): http://www.bsigroup.com/en/sectorsandservices/Disciplines/ImportExport/ Nationwide Physical Laboratory: http://www.npl.co.uk/ Mental Property -- http://www.ipo.gov.uk/ Transact Statistics: Countrywide Statistics Data: http://www.statistics.gov.uk/hub/index.html UK Trade Facts: https://www.uktradeinfo.co.uk/ Travelling Advice: FCO Travel: http://www.fco.gov.uk/en/travel-and-living-abroad/ NHS: http://www.nhs.uk/nhsengland/Healthcareabroad/ Travel health: http://www.travelhealth.co.uk/

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