ASEAN SME NEWS

 
Latest ASEAN news

Brunei introduces Long-Term Pass to boost investment and skilled workforce

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 Yang Berhormat Dato Seri Setia Awang Haji Ahmaddin bin Haji Abdul Rahman announced the initiative during the 21st Legislative Council (LegCo) Session on Tuesday.

Effective December 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.

Source: Borneo Bulletin

Read the full article here


March 17, 2025