Black Ledger – Country Profile

Brunei is a zero-income-tax Islamic monarchy, backed by vast oil wealth and one of the world’s largest sovereign wealth funds per capita. It offers exceptional fiscal stability and zero personal or corporate income tax—but its utility is limited by a conservative legal environment governed in part by Sharia law, restrictions on foreign residency, and tightly controlled financial systems. Brunei does not actively promote itself as an offshore hub, and foreign ownership or permanent residence is rare. While it offers elite capital protection for a select few, Brunei is better understood as an insular, preservationist jurisdiction than a platform for modern international tax structuring.