eRegulations Bhutan

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"Certification sheet" format

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Properties

Print the full procedure

Print selected step:

Include recourse information

"Certification sheet" format

Steps (45)

Obtain security clearance (local partner) (2)

1 Request security clearance

2 Obtain security clearance

Purchase legal stamps (local partner) (1)

3 Purchase legal stamps

Obtain 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

Obtain FDI registration certificate (2)

7 Request FDI registration certificate

8 Collect FDI registration certificate

9 Request company registration

10 Receive payment advice notification (by email)

11 Pay registration fees and receive certificate of incorporation

Obtain letter of interest (2)

12 Request letter of intent from relevant agency

13 Collect letter of intent from relevant agency

Obtain land use approval from gewog administration (2)

14 Request public/social clearance

15 Collect land use approval from gewog administration

Obtain location map (1)

16 Obtain location map

Obtain 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 Request environmental clearance for land

24 Pay environmental clearance fee

25 Submit revenue receipt

26 Collect environmental clearance for land

27 Submit forestry clearance and EC to DLLC

28 Collect land lease approval

Sign land lease agreement (1)

29 Sign land lease agreement

Obtain project approval (6)

30 Request project approval

31 Receive information to collect payment notification for environmental clearance

32 Collect environmental clearance (for activity) payment notification

33 Pay environmental clearance fee

34 Submit payment receipt

35 Collect project approval

Obtain business license (3)

36 Request business license

37 Pay license fees

38 Collect business license

Open bank account (5)

39 Request approval for FC account

40 Receive information to collect FC approval

41 Collect approval for FC Account

42 Open current bank account

43 Open foreign currency bank account

Obtain tax payer number (2)

44 Request tax payer number

45 Obtain tax payer number

Summary of the procedure

Institutions involved 13

Any post office or local stationery shop

Ministry of Economic Affairs, Department of Industry (x 9)

4 5 6 7 8 9 10 30 35

Ministry of Economic Affairs, Regional Office of Economic Affairs, Thimphu

Any relevant agency (x 3)

12 13 29

Any Concerned Gewog Administration Office (x 2)

14 15

Any licensed architect/ engineer or architectural/ engineering firm

District Administration, Chhukha (x 10)

17 18 20 21 23 24 25 26 27 28

Ministry of Agriculture and Forests, DoFPS, Territorial Forest Division, Gedu (x 2)

19 22

Delegated competent authority for environmental clearance (x 3)

31 32 34

Revenue section of the competent authority

Ministry of Economic Affairs, Regional Trade and Industry Office, Phuntsholing

Royal Monetary Authority (x 3)

39 40 41

Any commercial bank in Bhutan (x 2)

42 43

Results 5

Foreign direct investment registration certificate

Certificate of incorporation

Project approval

Business license

Tax payer number

Required Documents
Individual investor Corporate investor

Citizenship identity card (x 4)

4 9 42 44

Security clearance certificate (x 2)

4 9

Passports of all foreign investors

Company profile of domestic partner

Proof of financial capability of domestic partner

Foreign direct investment registration certificate

Joint venture agreement between the investors /shareholders

Covering letter

Business proposal (x 5)

12 14 17 23 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)

14 17

Assessment report by the assessment team

Assessment report by the gewog administration

Letter of interest (DoI)

Land use approval from geog administration (x 2)

17 23

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

Forestry clearance letter

Initial environment examination (IEE) - General

Forestry clearance (x 2)

23 27

Sector clearance

Cover letter for EC

Payment receipt

Environmental clearance for land

Land Lease Certificate

Legal stamp (x 3)

29 42 43

Land lease agreement

Initial environmental examination (IEE) - Industry

Environmental clearance payment notification

Payment receipt

Certificate of incorporation (x 3)

36 42 44

Undertaking form

Application form - FCA - III

FDI registration certificate

Current account opening form

Business license (x 2)

42 44

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 (x 2)

43 44

Promoter's details

Percentage shareholding of partners

CV of foreign investor (x 2)

7 9

Passports of all foreign investors (x 2)

7 9

Tax return of foreign investors for the last financial year

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 investor company

Estimated cost BTN 192,490

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 170 - BTN 10 per legal stamp	17
BTN 2,000 Name clearance fee
BTN 5,000 for private 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 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 4,000 Business license fee for authorized share capital above BTN 100m
BTN 8,000 Registration fee
BTN 100 Booklet fee
BTN 4,000 Registration fee
BTN 100 Booklet fee
BTN 2,000 Registration fee
BTN 100 Booklet fee

Total Duration 71d - 204d

	Min.	Max.
Total time (sum):	71d	204d
of which:
Waiting time in queue (sum):	5mn	3h. 25mn
Attention at counter:	1h. 5mn	4h. 30mn
Waiting time until next step (sum):	71d	203d