Brunei Darussalam

Ease of Doing Business in

Brunei Darussalam

This page summarizes Doing Business 2014 data for Brunei Darussalam. The first table lists the overall "Ease of Doing Business" rank (out of 189 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region East Asia & Pacific
Income Category High income
Population 412,238
GNI Per Capita (US$) 41,703
City covered Bandar Seri Begawan
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
59 79 down 20

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Improvement in DTF** (% points)
62.10 59.60 down 2.50
Positive=Doing Business reform making it easier to do business. Negative=Doing Business reform making it more difficult to do business.
 

Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2014 Rank 137 DB 2013 Rank*** 136 Change in Rank down-1
DB 2014 DTF** (% points) 51.87 DB 2013 DTF** (% points) 51.77 Improvement in DTF** (% points) up0.10

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Brunei Darussalam East Asia & Pacific OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
15 7 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
101.0 37.8 11.1

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
9.9 29.8 3.6

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology
Paid-in Min. Capital (% of income per capita)
0.0 293.3 10.4
No. Procedure Time to Complete Associated Costs
1 Check uniqueness of company name and reserve the name 5 days BND 1,505
2 Make statutory declaration at Magistrate’s Court 1 day BND 9
3 Submit required documents and pay registration at the Registry of Companies 10 days See procedure details
4 Make a company seal 3 days BND 185
* 5 Register for Employees Provident Fund 1 day, simultaneous with previous procedure no charge
6 Purchase application form for miscellaneous license (rampaian) at the Municipal Board of Bandar Seri Begawan 1 day BND 2
7 Apply for miscellaneous license (“Rampaian”) at Municipal Board 2 months BND 50 (license application) + BND 50 (FSD approval)
* 8 Apply to Fire Services Department (FSD) for rampaian approval 1 day (simultaneous with procedure 7) no charge
* 9 Apply to the Ministry of Health for rampaian approval 1 day (simultaneous with procedure 7) no charge
* 10 Receive inspection from Fire Service Department 1 day (simultaneous with procedure 7) BND 750
* 11 Receive inspection from Ministry of Health 1 day (simultaneous with procedure 7) no charge
* 12 Pick up approval Fire Service Department 1 day (simultaneous with procedure 7) no charge
* 13 Pick up approval from Ministry of Health 1 day (simultaneous with procedure 7) no charge
* 14 Submit approval letters to licensing authorities 1 day (simultaneous with procedure 7) no charge
15 Pick up rampaian license 21 days BND 100
* Takes place simultaneously with another procedure.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the topics including Getting Electricity across all economies included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

***Last year's rankings are adjusted: they are based on 10 topics and reflect data corrections.

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