Investment Incentives Order, 2001 · s 99

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s 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 1361

BRUNEI DARUSSALAM GOVERNMENT GAZETTE company as is held by any eligible holding company for the purpose of determining the deduction under section 100.