eRegulations Bhutan

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"Certification sheet" format

Preview & Print

Properties

Print the full procedure

Print selected step:

Include recourse information

"Certification sheet" format

Steps (41)

Security clearance (local partner) (2)

1 Request security clearance

2 Obtain security clearance

Legal stamps (local partner) (1)

3 Purchase legal stamps

Company name clearance (3)

4 Request company name approval

5 Receive payment advice notification (by email)

6 Pay name clearance fee and obtain company name approval

FDI registration certificate (2)

7 Request FDI registration certificate

8 Obtain FDI registration certificate

Company registration (3)

9 Request company registration

10 Receive payment advice notification (by email)

11 Pay registration fees and receive certificate of incorporation

Location map (1)

12 Obtain location map

Letter of interest (2)

13 Request letter of intent from relevant agency

14 Collect letter of intent from relevant agency

Land use approval from gewog administration (2)

15 Request public/social clearance

16 Collect land use approval from gewog administration

Land lease approval (12)

17 Request land lease approval

18 Receive letter for forestry clearance

19 Submit letter for forestry clearance

20 Receive appointment for site visit

21 Site visit

22 Collect forestry clearance

23 Pay environmental clearance fee

24 Submit payment receipt

25 Receive information for collection of environmental clearance for land

26 Collect environmental clearance for land

27 Submit forestry and environmental clearance to District committee

28 Collect land lease approval

Land lease agreement (1)

29 Sign land lease agreement

Project approval (2)

30 Request project approval

31 Collect project approval

Business license (3)

32 Receive payment notification for business license via SMS

33 Pay license fees

34 Collect business license

Foreign currency account (5)

35 Request approval for FC account

36 Receive information to collect FC approval

37 Collect approval for FC Account

38 Open current bank account

39 Open foreign currency bank account

Tax payer number (2)

40 Request tax payer number

41 Obtain tax payer number

Summary of the procedure

Institutions involved 13

Any post office or local stationery shop

Ministry of Industry, Commerce & Employment, Secretariat Office. (x 6)

4 5 6 9 10 11

Ministry of Industry, Commerce and Employment (MoICE), Department of Industry (x 4)

7 8 30 31

Any licensed architect/ engineer or architectural/ engineering firm

Any relevant agency (x 3)

13 14 29

Any Concerned Gewog Administration Office (x 2)

15 16

District Administration, Thimphu (x 10)

17 18 20 21 23 24 25 26 27 28

Ministry of Energy and Natural Resources, Territorial Forest Division, Thimphu (x 2)

19 22

Ministry of Industry, Commerce & Employment, Department of Industry (x 2)

32 34

Ministry of Industry, Commerce & Employment, Regional Office of MoICE, Thimphu

Royal Monetary Authority (x 3)

35 36 37

Any commercial bank in Bhutan (x 2)

38 39

Regional Revenue and Customs Office, Thimphu (x 2)

40 41

Results 3

Foreign Direct Investment Registration Certificate

Certificate of incorporation

Tax payer number

Required Documents
Individual investor Corporate investor

Valid Security clearance (x 2)

4 9

Notarized Passport

Company profile of domestic partner

Proof of financial capability of domestic partner

Documents establishing title and the valuation of land

Audited Final Accounts of the existing entity for the last financial year

Foreign Direct Investment Registration Certificate

Joint venture agreement between the investors /shareholders

Covering letter

Business proposal (x 4)

13 15 17 30

Application form to lease state land for Business Activity - Form BA-1

Application form to lease GRF land for business activity - DA-1

Location map (x 2)

15 17

Assessment report by the assessment team

Assessment report by the gewog administration

Application form to lease GRF land for business activity - Form IE-1

Land use approval from geog administration

Letter of interest (DoI)

Forestry clearance letter

Payment receipt

Forestry clearance

Environmental clearance for land

Land Lease Certificate

Legal stamp (x 3)

29 38 39

Location clearance

Certificate of incorporation (x 3)

32 38 40

Project approval (FDI) XXX

Application form - FCA - III

FDI registration certificate

Current account opening form

Business license (x 2)

38 40

Board resolution of the company to open account in the bank

A letter with additional signatories details and documents

Approval for FC account

Current account number

Promoter's details

Percentage shareholding of partners

Reference number for TPN

CV of Investor (In PDF format)

CV of foreign investor (x 2)

7 9

Notarized Passport (x 2)

7 9

Tax return of foreign investors for the last financial year

Tax return/audited accounts of the founder/promoter in the case of Special Purpose Vehicle

The profile of the foreign company (in PDF format)

Notarized copy of Certificate of incorporation of the foreign investing company (x 2)

7 9

Shareholder's resolution of the foreign investing company (x 2)

7 9

Audited accounts of foreign investing company for the last financial year

Articles of incorporation of the foreign investing company

Estimated cost BTN 104,580

BTN

BTN Add Name Here

This is an estimate based on a series of assumptions which you can modify to calculate your own costs:

Cost detail	Estimate your cost
- BTN 60 - BTN 10 per legal stamp	6
BTN 2,000 Name reservation fee
BTN 7,000 for public company
BTN 50,000 Environmental clearance fee
BTN 500 Environmental clearance application fee
BTN 30,000 Environmental clearance fee
BTN 500 Environmental clearance application fee
BTN 2,000 Environmental clearance fee
BTN 500 Environmental clearance application fee
BTN 20 per sq. ft.
BTN 4,000 Business license fee for authorized share capital above BTN 100 m for large scale industry
BTN 8,000 Registration fee for large scale industry