Country: Brunei
Overview
Brunei Darussalam is an oil and gas-rich sultanate of approximately 445,000 people. Located on the northeast coast of Borneo, it is one of the ten Member States of the Association of Southeast Asian Nations (ASEAN). It shares a land border with Malaysia, a sea border in the South China Sea (SCS), and is conveniently located at the centre of one of the world’s fastest-growing economic regions.
Brunei has a well-educated population, most of whom speak both Malay and English. As a Commonwealth country, Brunei has close links with the UK. Many Bruneians have studied in the UK.
Brunei enjoys a stable government and well-developed infrastructure. It has well-developed regional and international transport links. Standards of living are high. Brunei is a welfare state providing its citizens with free health services and education. There is no personal income tax. Citizens enjoy heavy subsidies on fuel, electricity, water, rice, sugar and other staple foods.
Further reading from the Department for Business and Trade:
Brunei stands as a promising market for British companies eager to tap into the opportunities within the ASEAN region. With a stable economy, strategic location, and a pro-business environment, Brunei offers a gateway to success in Southeast Asia. As you embark on your export journey, consider the vast potential that Brunei holds for your goods and services.