When someone mentions Brunei, do you automatically know where this emerging country is located? Don’t worry if you don’t — it’s one of the fastest-growing markets in the world, with less competition than many more widely-known international markets. The easiest way to tap into Brunei is with virtual phone numbers.
Before we explore what Brunei virtual numbers are and how they can help expand your business presence in the country, let’s take a look at why your business may want to choose Brunei in the first place.
As the smallest populated country in the Association of Southeast Asian Nations (ASEAN), Brunei has the second highest per capita income in Southeast Asia (after Singapore) thanks to the country’s ease of doing business for foreign investors. Similarly, Brunei is considered an easy nation to do business in among the nations within the Association of Southeast Asian Nations.
Because of Brunei’s solid advances in infrastructure, institutions, education, and health, it has become a relatively hidden secret among international entrepreneurs. Consider that, as of 2018:
The World Bank ranks Brunei 56th out of 190 economies (from their annual survey of nations, “Doing Business Report”)
Brunei is ranked 45th out of 138 economies in the World Economic Forum’s Global Competitiveness Report for 2017 – 2018.
Starting a Business in Brunei
For those that want to begin investing the country, Brunei’s Registry of Companies and Business Names (ROCBN), a part of Brunei’s Ministry of Finance, is responsible for all steps in registering and incorporating any business in the country. Foreign businesses can incorporate through the ROCBN as:
- Sole proprietorships,
- Public companies,
- Private companies.
For each type of business, there are different requirements, so it’s important to research the requirements of the type of business that you’re trying to form in Brunei. For a complete guide to forming a business in Brunei, you can find information through Brunei’s online Registry of Companies and Business Names.
However, if you’re looking for a more cost-effective way, Brunei virtual numbers can bring you all of the benefits of Brunei’s economy without the costs and draining of resources to establish a brick and mortar presence in the country. Therefore, let’s look into the benefits of Brunei virtual numbers.
What are Brunei Virtual Numbers?
To understand what Brunei virtual numbers, we have to first understand how virtual phone numbers work. When a virtual phone number is dialed, the call is instantly routed to any location in the world. This means that if your business is located outside of Brunei, you can do business with Bruneian citizens via telephone.
Brunei virtual numbers are identical in look to “normal” Brunei telephone numbers, meaning they have the same country code (+673), with seven digits following as part of its numbering scheme, which includes:
- + 673 21X XXXX
- + 673 3XX XXXX
- + 673 4XX XXXX
- + 673 5XX XXXX
- + 673 7XX XXXX
- + 673 8XX XXXX
- + 673 228 XXXX
- + 673 229 XXXX
Securing a reliable method of communication with clients, customers, and Brunei-based businesses ensures that your business can form an ongoing relationship in the country. That’s where Brunei virtual numbers come into the picture. Subscribing to Brunei virtual numbers through a qualified service provider, like United World Telecom, can help ease the entry into the Brunei market.
Brunei virtual numbers allow your company entering the Brunei market to provide a phone number for those located in the country. This can also help to circumvent restrictions by Brunei service providers, which may block foreign calls or charge long-distance fees to callers. Calls made to a Brunei virtual number can be forwarded to a landline or a mobile phone, which allows your business to establish a local presence in Brunei while not being physically present in the nation.
Additionally, because Brunei virtual numbers are powered by the Internet, there are a number of add-ons that you can use to tailor your business model to Brunei markets. For instance, if your business is in the finance or investment industry, you will need to use the “call recording” add-on to be compliant with international regulators, as well as to have reference materials to ensure that your sales team is compliant with your company’s protocol. Also, you have the option of “time of day routing,” which can funnel calls made to your Brunei virtual number to different destination phone numbers based on the time of day that the call is made. This ensures that any caller who tries to reach your business is handled accordingly.