Learn about barriers to market entry and local requirements, i.e., things to be aware of when entering the market for this country.
With an estimated population of 429,999 in 2021, Brunei’s local market is relatively small. Foreign enterprises are allowed 100 percent ownership of business scope, operation, and investment. As such, foreign investors are not required to find a local partner to enter the market. However, in certain cases, foreign companies may be required to find a local partner to qualify for certain government and oil and gas projects. Although U.S. businesses/investors should expect delays—sometimes long ones—when dealing with the local government.