BRUNEI

Logistic and forwarding services in Brunei

Brunei Darussalam

Capital City
Bandar Seri Begawan

Population
412’238

National languages
Kirundi, Malaysian

Currency
Brunei-Dollar (BND)

Gross national product (GNP)
USD 16.95 Mrd.

GNP per person
USD 6’091

Financial exports to Switzerland
CHF 1.48 Mio.

Financial imports from Switzerland
CHF 10.29 Mio.

Bilateral relations Switzerland–Brunei Darussalam

Relations between the two countries are not particularly intensive. Brunei is looking to stimulate economic growth and offers a good economic environment for Swiss investors.

Economic cooperation

In 2008 Brunei presented its “Vision Brunei 2035” which charts a course for economic growth. By 2035 the country wants to be amongst the top ten nations in terms of per capita income, and sees a diversified domestic economy as the way to achieve this. It is planned to increase expenditure on education, technological development and infrastructure.
Its economic and financial position makes Brunei attractive for Swiss companies, with potential to be found in the construction industry, in port and airport equiment, the pharmaceutical industry and the financial sector. Trading relations are in part conducted directly via Singapore.

 

Business language

English. Malay

Dimensions and weights

Metric system.

Currency

1 Brunei Dollar (BR$) = 100 cents.
ISO code: BND

Customs tariff

Harmonised system.

Import control

Most goods can be imported within the scope of the “Open General Licence” with no restrictions on quantity.
Import licences are required for goods including plants, animals, tobacco products, medicinal products, narcotics, alcoholic drinks, telecommunication devices, slot machines and used vehicles. There are import bans on, among other things, pigs, certain medicinal products and foods, opium, salk.

Terms of payment and tenders

Irrevocable, confirmed letter of credit recommended.
Tenders in any convertible currency; invoicing too; CIF port of Muara, Brunei. Tenders in English.

Designations of origin

Recommended.

Marking/labelling

Standard markings indicating the country of origin.
There are special labelling regulations for foods, medicinal products and cosmetics. Information on this can be obtained from the Chamber of Industry and Commerce.

Packaging

Select robust, shock-resistant packaging. Individual packages should not weigh more than 30 kg.

Product samples

Samples with no retail value are duty free.

Shipping and accompanying documents

a) Commercial invoices, 3 copies; with all standard information for customs clearance, English, uncertified. In the case of Swiss goods use “Swiss” or “European Union” for goods originating from UE. The freight, insurance and CIF value are to be given. The following declaration must be made at the end of the invoice and signed by the exporter: “We certify this invoice to be true and correct”.

b) Certificates of origin, 1 copy required. In the case of Swiss goods use “Swiss” or “European Union” for goods originating from UE.; CIC (Chamber of Industry and Commerce), certificates of origin.

c) Bills of lading uncertified; order bills of lading permissible if a notify address is given.

d) Postal shipments: maximum weight 20 kg, 1 international dispatch note, 1 customs declaration (English, French).