Investment Incentives Order, 2001 · s 105

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105.
( 1)
Any company, incorporated and resident in Brunei Darussalam, desirous of investing in an overseas company which is developing or using 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 investment company.
(2)
Where the Minister is satisfied in respect of any application under subsection (1) that the technology, if introduced in Brunei Darussalam would promote or enhance the economic or technological development of Brunei
Darussalam, he may approve the company as a technology investment company and issue a certificate to the company subject to such terms and conditions as he may impose.
1365

13)
Any company, incorporated and resident in Brunei Darussalam, desirous of investing in an overseas company for the purpose of acquiring for use in Brunei Darussalam any technology from the overseas company or for the purpose of gaining access to any overseas market for its eligible holding company or any subsidiary thereof, may make an application in the prescribed form to the
Minister to be approved as an overseas investment company.
14)
Where the Minister is satisfi.ed in respect of any application under subsection 13) that the technology acquired, if introduced in Brunei Darussalam or the access which would be gained to any overseas market, would promote or enhance the technological or economic development of Brunei Darussalam, he may approve the company as an overseas investment company and issue a certifi.cate to the company subject to such terms and conditions as he may impose.
Deduction of losses allowable to eligible holding company.

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s 105( 1)

Any company, incorporated and resident in Brunei Darussalam, desirous of investing in an overseas company which is developing or using 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 investment company.

(2)

Where the Minister is satisfied in respect of any application under subsection (1) that the technology, if introduced in Brunei Darussalam would promote or enhance the economic or technological development of Brunei

Darussalam, he may approve the company as a technology investment company and issue a certificate to the company subject to such terms and conditions as he may impose.

1365

13)

Any company, incorporated and resident in Brunei Darussalam, desirous of investing in an overseas company for the purpose of acquiring for use in Brunei Darussalam any technology from the overseas company or for the purpose of gaining access to any overseas market for its eligible holding company or any subsidiary thereof, may make an application in the prescribed form to the

Minister to be approved as an overseas investment company.

14)

Where the Minister is satisfi.ed in respect of any application under subsection 13) that the technology acquired, if introduced in Brunei Darussalam or the access which would be gained to any overseas market, would promote or enhance the technological or economic development of Brunei Darussalam, he may approve the company as an overseas investment company and issue a certifi.cate to the company subject to such terms and conditions as he may impose.

Deduction of losses allowable to eligible holding company.