top of page
Proudly Brunei Logo Website.png

ELIGIBILITY CRITERIA

GENERAL ELIGIBILITY CRITERIA

For All

  1. Business must be registered with ROCBN.
     

  2. Any private businesses with any form of government shareholding are ineligible.
     

  3. Companies with 50% or more local ownership are eligible.
     

  4. Entity should have been operational for a minimum of 3 years
     

  5. Financial statements must be available for at least 3 years:

    a) Management Accounts for:

    i)  Sole Proprietorship
    ii) Partnership
    iii) Private Limited Company (Sdn Bhd) with revenue below BND 1 Million

    b) Audited Financial Statement for:

    i)  Private Limited Company (Sdn Bhd) with revenue below BND 1 Million (if available)
    ii) Private Limited Company (Sdn Bhd) with revenue above BND 1 Million

     

  6. Business entities are required to meet Local Value Content criteria: 

    a) For product manufacturers meet at least one of the following conditions:

    i)  Locally designed/formulated product
    ii) Use of locally sourced materials or purchased from local suppliers
    iii) Locally produced 

    b) For service providers meet at least one of the following conditions:

    i) Locally developed/ designed services 
    ii)Use of locally sourced materials or procured from local suppliers 

    c) For applicants under downstream cluster category must meet employment ratio requirement as part of Brunei’s Local Business Development (LBD) content

Individual
Entrepreneur

For Youth Entrepreneur

  1. Applicant should be within the age range of 18  to 35 years
     

  2. Applicant must hold the status of either Bruneian Citizen or Permanent Resident
     

  3. Applicant must be a registered entrepreneur with ROCBN and actively involved in their business operation for a minimum of the past 3 years, fulfilling one of the following roles:

    a) Entrepreneurs who founded and established their own business
    b) Shareholder with a significant majority ownership stake

     

  4. Applicant must demonstrate exceptional success through leadership and achieved significant business milestones

Individual
Entrepreneur

For Woman Entrepreneur

  1. Applicant should be a female entrepreneur
     

  2. Applicant must hold the status of either Bruneian Citizen or Permanent Resident
     

  3. Applicant must be a registered entrepreneur with ROCBN and actively involved in their business operation for a minimum of the past 3 years, fulfilling one of the following roles:
    a) Entrepreneurs who founded and established their own business
    b) Shareholder with a significant majority ownership stake
     

  4. Applicant must demonstrate exceptional success through leadership and achieved significant business milestones

PBBA Asset 4.png
Proudly Brunei Logo Website.png
BEDB_Logo.png

ABOUT

QUICK LINKS

  • Facebook
  • Instagram

Proudly Brunei Business Awards. All rights reserved.

bottom of page