ranjan

Brunei is a small country situated on North Western edge of Island of Borneo, a part of Indonesia and Malaysia. Brunei occupies 5770 sq. Kms. with a population of around five lakhs. It is the 3rd largest oil producer in South Eat Asia averaging about 1.80 million barrels of per day and 9th largest producer of Natural gas in the world. It is a country with wealthy economy and is mixture of foreign and domestic entrepreneurs, Govt. regulations, welfare measure and village traditions. It is totally supported by exports of crude oil & gas with revenues for half of its GDP. Substantial income from overseas investments supplements from domestic production. Govt. provides for all medical services at no charge and food and housing.There is no personal income tax or Capital gains tax rather companies meeting certain criteria can have pioneer status getting exemptions for income tax up to 5 years depending upon the amount invested. After its independence in 1984, it became member o