Brunei Darussalam’s potential as a gateway to the ASEAN and regional markets was showcased at the Brunei Economic Development Board’s (BEDB) inaugural Investment Seminar in Chennai, held at the ITC Grand Chola on November 6, 2024.
Titled Weaving New Connections: The Brunei-Chennai Story, the event brought together over 100 business leaders from India and Brunei, spotlighting investment opportunities in the Sultanate’s diversifying economy.
Attending the seminar was Brunei’s High Commissioner to India His Excellency Dato Paduka Hj Alaihuddin Pehin Orang Kaya Digadong Seri Lela Dato Seri Utama Hj Awg Md Taha.
In his opening address, BEDB Acting CEO Daniel Leong presented Brunei’s unique proposition as a base for businesses looking to expand into Southeast Asia and the connecting region, owing to its strategic location and robust, familiar legal and business regulatory environment where English is widely used.
“Brunei’s low-tax regime—with no personal income tax, sales tax, or capital gains tax—offers financial advantages that are difficult to match within the region. Combined with Brunei’s strategic location, this makes it an excellent base for regional operations and a springboard into Southeast Asia’s broader markets,” said Leong.
Brunei’s advantageous position is further enhanced by its market access through an increasing number of trade agreements, including RCEP and CPTPP, connecting investors to over three billion consumers.
Source: Biz Brunei
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November 21, 2024
