Unlike many international financial centres, Brunei has the advantage of already being an affluent society based on the fossil-fuel economy. The country’s motives in establishing an IFC regime are therefore more subtle and socio-economic rather than simply to generate an income-stream to supplement tourism.

The goals motivating the establishment of the IFC include:

  Brunei Darussalam as a primary financial centre.

  A catalyst to stimulate and enhance the development of financial services sector

  A supervisory and regulatory regime in line with international standards.

  Employment opportunities for qualified Bruneians in the financial field.

Brunei Darussalam as a primary financial centre.

A catalyst to stimulate and enhance the development of financial services sector, thereby generating increased activity in the related industries.

A supervisory and regulatory regime in line with international standards.

Employment opportunities for qualified Bruneians in the financial field.