Foreign-invested export-oriented enterprises and technology-certified enterprises are entitled to less advantegeous investment incentives than locally-owned firms meeting minimum local ownership thresholds.
"Tax relief period. 
42. ( 1) The tax relief period of an export enterprise shall [a} not being a pioneer enterprise, commence from its export year and shall continue for a period of 8 years inclusive of the export year; or [bJ being a pioneer enterprise, commence on the first day of its export year or, if the export year falls within the period of its old trade or business, on the date of the commencement of its new trade or business, and shall continue for a period of 6 years and shall not in the aggregate exceed 11 years. 
(2) Notwithstanding subsection (1), where an export enterprise has incurred or is intending to incur a fixed capital expenditure of [aj not less than $50 million; or {bj not less than $500,000 but less than $50 million and(i) more than 40% of the paid-up capital of the export enterprise is held by citizens and persons to whom a Resident Permit has been granted under regulations made under the Immigration Act (Chapter 17); and (ii) in the opinion of the Minister the export enterprise will promote or enhance the economic or technological development of Brunei Darussalam, its tax relief period(A) where the export enterprise is not a pioneer enterprise, shall commence from its export year and continue for a period of 15 ye'ars inclusive of the export year; or (B) where the export enterprise is a pioneer enterprise, shall commence from its export year or, if the export year falls within the period of its old trade or business, from the date of the commencement of its new trade or business, and continue for such period as together with its tax relief period as a pioneer enterprise will extend in the aggregate to 15 years. 
(3) The Minister may, where he is satisfied that it is expedient in the public interest to do so and subject to such terms and conditions as he may impose, extend the tax relief period of any export enterprise for such further period as he thinks fit.
 (4) In subsection (2), "fixed capital expenditure" means capital expenditure which has been or is intended to be incurred by the export enterprise, in connection with its export product, on its factory building (excluding land) in Brunei Darussalam, and on any new plant or new machinery used in Brunei Darussalam and, subject to the approval of the Minister, on any secondhand plant or secondhand machinery used in Brunei Darussalam.
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PART XIII - INVESTMENTS IN NEW TECHNOLOGY COMPANIES
Interpretation of this Part. 
98. For the purposes of this Part, unless the context otherwise requires "eligible holding company", in relation to a technology company, means a company incorporated in Brunei Darussalam {a} which is resident in Brunei Darussalam; {b} which holds shares in the technology company; and {c} in respect of which not less than 30o/o of the paid-up capital is beneficially owned by citizens or person~ to whom a Resident Permit has been granted under regulations made under the Immigration Act (Chapter 17) throughout the whole of the qualifying period of the technology company, unless the Minister otherwise decides; [...]
"technology company" means a company approved as a technology company under subsection (2) of section 99.
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Application for and issue of certificate to technology company. 
99. (1) Any company incorporated in Brunei Darussalam which is desirous of using in Brunei Darussalam a new technology in relation to a product, process or service may make an application in the prescribed form to the Minister to be approved as a technology company. 
(2) Where the Minister is satisfied that the technology, if introduced in Brunei Darussalam, would promote or enhance the economic or technological development in Brunei Darussalam, he may approve the company as a technology company and issue a certificate to that company subject to such conditions as he thinks fit.
 (3) Every certificate issued under this section shall specify a percentage, not exceeding 30o/o, of such amount of the paid-up capital of the technology company as is held by any eligible holding company for the purpose of determining the deduction under section 100.
Deductions allowable to eligible holding company. 
100. ( 1) Where a technology company has incurred an overall loss in respect of its relevant trade or business at the end of its qualifying period, it may, within 6 years from that date, by notice in writing to the Collector elect for the overall loss (less any amount which has been deducted up to the date of the notice) and the amount of any unabsorbed capital allowances (less any amount which has been deducted up to the date of the notice) to be made available to an eligible holding company as a deduction against the statutory income of the eligible holding company. 
(2) The deduction to be made available to an eligible holding company under subsection (1) shall be an amount to be ascertained by multiplying the overall loss !less any amount which has been deducted up to the date of the notice) or the unabsorbed capital allowances (less any amount which has been deducted up to the date of the notice), as the case may be, by the percentage of the paid-up capital of the technology company held by that eligible holding company throughout the whole of the qualifying period of the technology company.
(3) The deduction shall not in the aggregate exceed such percentage as may be specified in the certificate issued to the technology company under section 99 of the paid-up capital of the technology company held by the eligible holding company (excluding any shares acquired from other shareholders of the technology company) as at the end of such qualifying period.  [...]" (INVESTMENT INCENTIVES ORDER, 2001)
INVESTMENT INCENTIVES ORDER, 2001
[<a href="https://www.agc.gov.bn/AGC%20Images/LAWS/Gazette_PDF/2001/EN/s048.pdf">Order</a>]