BANDAR SERI BEGAWAN: Brunei Darussalam has introduced a Long-Term Pass (LTP) policy to attract foreign investment and skilled professionals, ensuring a more business-friendly environment.
Minister of Home Affairs Dato Seri Setia Awang Ahmaddin Abdul Rahman (pic) announced the initiative during the 21st Legislative Council (LegCo) Session on Tuesday (March 4).
Effective Dec 31, 2024, the LTP allows eligible foreigners to reside in Brunei for up to five years with a multiple-entry visa. It applies to three categories:
Long-Term Social Visit Pass – For foreigners with family ties to Brunei citizens and permanent residents who do not yet qualify for permanent residency.
Long-Term Business Visit Pass – For company owners and foreign investors who meet economic contribution criteria, including job creation for locals and tax compliance.
Long-Term Professional Visit Pass – For foreign experts in fields where Brunei lacks skilled professionals, based on government assessments.
The LTP excludes businesses in sectors such as convenience stores, restaurants, laundries, and salons and companies not registered as Sdn Bhd. The pass may also be revoked if holders violate laws or fail to provide economic benefits.
The government aims for the LTP to enhance Brunei’s appeal as a destination for professionals and investors, supporting economic diversification and workforce development. – Borneo Bulletin/ANN
