Brunei's small, wealthy economy is a mixture of foreign and domestic entrepreneurship, government regulation, welfare measures, and village tradition Brunei the fourth-largest producer of oil in Southeast Asia. It also the 9th largest producer of liquified natural gas. Substantial income from overseas investment supplements income from domestic production. Most of these investments are made by the Brunei Investment Agency, an arm of the Ministry of Finance. The government provides for all medical services, and subsidises rice and housing.
In its efforts to promote doing business in Brunei, www.business.gov.bn portal has been created to serve that purpose. There are several types of businesses in Brunei
For more info visit :http://www.mov.gov.bn
There are several types of employment that is recognized :
None. Solely based on agreement of employment betweeb employer & employee.
The minimum number of annual leaves for employees that has been working for a year is 12 days.
All private sector employers and Bruneian employees are required to contribute to a provident fund known as the Employees Trust Fund (Tabung Amanah Pekerja, or TAP) for their local employees (foreign employees are currently exempted). Employees contribute 5% of their wages and employers contribute another 5%. The employer also needs to pay the insurance and medical check-up for the employees.
For more info visit :http://www.labour.gov.bn/
The Ministry of Finance Brunei also regulates corporate tax in Brunei.
The tax rate for resident and non-resident companies is 20 percent.
There is currently no VAT or equivalent consumption based tax in Brunei Darussalam.
For more info visit :http://www.gst.customs.gov.my