It advisable to see Singapore in geo-financial position. I dont want to mix it with geo-political or geo-economical position. From the geopolitical and geo-economical position you may find other advantages and disadvantages.
I would like to focus on finance and finance only/
1. point to understand is, that Singapore is sharing its currency with one more nation around within south eastern Asia. From economical or business wise this is marginal or even not important. But from financial point of view it is a significant. Pretty significant. MAS (Monetary authority of Singapore) is in control of monetary base in Singapore and in Brunei. Therefore there is no exchange risk between both of the countries, to some extend you may even use SGD in Brunei or Brunei Dollar in Singapore.
2. Brunei is not a poor nation / actually it is very rich because of crude oil reserves and strong social system in the economy.
3. Brunei does not have a GST (VAT) and also is in charge of two types of business schemes.
http://www.mas.gov.sg/currency/currency-interchangeability-agreement-with-brunei.aspx
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