1. Foreign investment
  2. Chukha
  3. With land outside Municipality
  4. On govt. land > with environmental clearance
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Properties

Steps (51) arrow_drop_up arrow_drop_down
Obtain security clearance (local partner)  (2) expand_more expand_less
Purchase legal stamps (local partner)  (1) expand_more expand_less
Obtain company name clearance  (3) expand_more expand_less
Obtain FDI registration certificate  (3) expand_more expand_less
Register company  (3) expand_more expand_less
Obtain business guest visa clearance  (6) expand_more expand_less
Obtain letter of intent  (2) expand_more expand_less
Obtain land use approval from geog administration  (2) expand_more expand_less
Obtain location map  (1) expand_more expand_less
Obtain land lease approval  (12) expand_more expand_less
Sign land lease agreement  (1) expand_more expand_less
Obtain Project Approval  (6) expand_more expand_less
Obtain business license  (3) expand_more expand_less
Open bank account  (4) expand_more expand_less
Obtain tax payer number  (2) expand_more expand_less
50 Request tax payer number
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51 Obtain tax payer number
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Summary of the procedure

Institutions involved 15 expand_more expand_less

Any post office or local stationery shop
3
Ministry of Economic Affairs, Department of Industry (x 12)
4 5 6 7 8 9 10 11 13 37 41 42
Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu
12
Ministry of Economic Affairs, Secretariat
14
Ministry of Home and Cultural Affairs, Department of Immigration (x 4)
15 16 17 18
Any relevant agency (x 3)
19 20 36
Any Concerned Geog Administration Office (x 2)
21 22
Any licensed architect/ engineer or architectural/ engineering firm
23
District Administration, Chhukha (x 10)
24 25 27 28 30 31 32 33 34 35
Ministry of Agriculture and Forests, DoFPS, Territorial Forest Division, Gedu (x 2)
26 29
Delegated competent authority for environmental clearance (x 2)
38 40
Revenue section of the competent authority
39
Ministry of Economic Affairs, Regional Trade and Industry Office, Phuntsholing
45
Royal Monetary Authority (x 2)
46 47
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd (x 2)
48 49

Results 5 expand_more expand_less

Foreign direct investment registration certificate
9
Certificate of incorporation
12
Project approval
42
Business license
45
Tax payer number
51

Required Documents
Individual investor Corporate investor
expand_more expand_less

Company profile of domestic partner
7
Proof of financial capability of domestic partner
7
Articles of incorporation (for private company)
10
Consent to act as director
10
Declaration of compliance
10
Legal stamp (x 5)
10 13 36 48 49
Foreign direct investment registration certificate
10
List of names and addresses of the first Directors and CEO of the company
10
Joint venture agreement between the investors /shareholders
10
Citizenship identity card (x 3)
10 48 50
Security clearance certificate
10
Business guest visa application form
13
Visa application form
13
Visa request letter
13
Trade/ Industry license
13
Passport of foreign investor
13
Itinerary for visiting guests (x 2)
13 15
Consent letter from parent company (x 2)
13 15
FDI registration certificate (x 2)
15 46
Recommendation letter from MoEA 
15
Business guest visa application form
15
Visa application form
15
Passport of foreign investor
15
Visa fee payment notification
16
Covering letter
19
Business plan (x 6)
19 21 24 30 37 43
Application form to lease GRF land for business activity - DA-1
21
Location map (x 2)
21 24
Assessment report by the assessment team
24
Assessment report by the geog administration
24
Letter of intent from relevant agency
24
Land use approval from geog administration (x 2)
24 30
Application form to lease GRF land for business activity - Form IE-1
24
Forestry clearance letter
26
Initial environment examination (IEE) - General
30
Forestry clearance (x 2)
30 34
Sector clearance
30
Cover letter for EC
30
Payment receipt
32
Environmental clearance for land
34
Certificate of clearance/ land lease approval
36
Land lease agreement
37
Initial environmental examination (IEE) - Industry
38
Environmental clearance payment notification
39
Payment receipt
40
Certificate of incorporation (x 3)
43 48 50
Project approval
43
Undertaking form
43
Application form - FCA - III
46
Current account opening form (BNB)
48
Business license (x 2)
48 50
Board resolution of the company to open account in the bank
48
A letter with additional signatories details and documents
48
Approval for FC account
49
Current account number (x 2)
49 50
Promoter's details
50
Percentage shareholding of partners
50
CV of foreign investor (x 2)
7 10
Passports of all foreign investors (x 2)
7 10
Tax return of foreign investors
7
Certificate of incorporation of the foreign investor company (x 2)
7 10
Board of Directors'/shareholder's resolution of the foreign investing company (x 2)
7 10
Audited accounts of foreign investing company
7
Articles of incorporation of the foreign investor company
10

Estimated cost BTN  182,990

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

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BTN 170 -
BTN  10 per legal stamp
17 mode_edit
BTN 2,000
BTN 7,000
BTN 2,500
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 100
Booklet fee
BTN 100
Booklet fee
BTN 100
Booklet fee

Total Duration 67 d - 189 d expand_more expand_less

  Min. Max.
Total time (sum): 67 d 189 d
of which:
Waiting time in queue (sum): 5mn 5h. 15mn
Attention at counter: 1h. 15mn 5h. 45mn
Waiting time until next step (sum): 67 d 188 d

Laws 18 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 5, Sections 38-43
Environmental Assessment Act, 2000 Environmental Assessment Act, 2000 Chapter II
  articles 8, 9, 10, 35.3
Evidence Act of Bhutan, 2005 Evidence Act of Bhutan, 2005 Section 35(c)
FDI Rules and Regulations 2012 FDI Rules and Regulations 2012 (Amended Dec 13, 2014) Schedule VI, 2 (ii,e)
  articles 19, 20, 21 (ii) a, 21, c
Fee schedules to cover the cost of administering the environmental assessment act 2000 Fee schedules to cover the cost of administering the environmental assessment act 2000
  Article 5
Foreign Direct Investment (FDI) Policy, 2010 Foreign Direct Investment (FDI) Policy, 2010 (Amended on July 18, 2014)
  articles 3.7, 3.6, 5.10, 5.7, 5.1, 6.1, 6.2
Foreign Exchange Regulations of Bhutan, 1997 Foreign Exchange Regulations of Bhutan, 2013
  Article 48
Forest and Nature Conservation Rules and Regulations of Bhutan, 2017 Forest and Nature Conservation Rules and Regulations of Bhutan, 2017
  articles 15, 16, 17, 18
GENERAL GUIDELINES FOR INDUSTRIAL AND COMMERCIAL VENTURES IN BHUTAN, 1997 General Guidelines for Industrial and Commercial Ventures in Bhutan, 1997
  Article 2.4
Immigration Rules and Regulations of Bhutan 2012 Immigration Rules and Regulations of Bhutan 2012
  Article 63
Income Tax Act of the Kingdom of Bhutan 2001 Income Tax Act of the Kingdom of Bhutan 2001 Part II, Chapter 6, Section 14
Regulation for the Environmental Clearance for Projects 2006 Regulation for the Environmental Clearance for Projects 2006 Chapter II
Rules and Regulations for establishment and operation of industrial and commercial ventures in Bhutan, 1995 Rules and Regulations for establishment and operation of industrial and commercial ventures in Bhutan, 1995 Rules 1, 29
Rules and Regulations for Lease of Government Reserved Forest Land & Government Land 2009 Rules and Regulations for Lease of Government Reserved Forest Land & Government Land 2009 Annex C- 9, 11(a)
  articles 43, 94
Rules and regulations for lease of government reserved forest land and government land Rules and regulations for lease of government reserved forest land and government land
  articles 9, 11(a)
Rules on the Income Tax Act of the Kingdom of Bhutan 2001 Rules on the Income Tax Act of the Kingdom of Bhutan 2001 Part II, Rule 3
The Immigration Act of Kingdom of Bhutan, 2007 The Immigration Act of Kingdom of Bhutan, 2007
  Chapter  6 ,  Section  43 (e) ,  Article 43
The Land Act of Bhutan 2007 The Land Act of Bhutan 2007 Sections 306-310
  Sections 184-188, 306 ,  articles 309, 310
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