General Overview. Domestic legislation differs significantly from the offered offshore business management opportunities. A wide range of well-developed financial services is available in the jurisdiction. The government aims to diversify financial sector and to create efficient procedures, as well as enhance offshore legislation.

Banking Sector. It is possible to obtain four different banking licenses in Brunei: full international banking license, restricted international banking license, international investment banking license, international Islamic banking license. All these licenses provide license holders different opportunities and rights to conduct banking activities. Banking sector in Brunei is well-developed, it provides modern and efficient banking services.

Insurance Sector. Well-regulated and at the same time flexible legislation for offshore insurance and reinsurance business management is characteristic to Brunei. Seven types of insurance business licenses can be issued, which give right to focus on a particular insurance type. All the requested documentation must be submitted with the authorities, and business owners must demonstrate their capability of managing the planned business in addition to their financial solvency.

Investment Funds. In the last year the jurisdiction has experienced a significant growth in registering new offshore investment funds there, as it provides favourable business conditions for international investment managers. It is necessary to obtain a government license, in order to manage an investment fund from the jurisdiction.

Trusts.  Only those companies which hold a trust license may provide trust services in Brunei. Proceeds from trust management are not taxed in the jurisdiction.