1. Foreign investment
  2. Punakha
  3. On rented space > without land requirement
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Properties

Steps (23) arrow_drop_up arrow_drop_down
Security clearance (local partner)  (2) expand_more expand_less
Legal stamps (local partner)  (1) expand_more expand_less
FDI registration certificate  (3) expand_more expand_less
Company registration  (3) expand_more expand_less
Obtain location clearance  (4) expand_more expand_less
Project approval  (3) expand_more expand_less
Foreign currency account  (5) expand_more expand_less
Tax payer number  (2) expand_more expand_less
22 Request tax payer number
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23 Obtain tax payer number
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Summary of the procedure

Institutions involved 8 expand_more expand_less

Any post office or local stationery shop
3
Ministry of Industry, Commerce and Employment (MoICE), Department of Industry (x 6)
4 5 6 14 15 16
Ministry of Energy and Natural Resources, Secretariat Office. (x 2)
7 8
Ministry of Energy and Natural Resources, Secretariat Office.
Ministry of Industry, Commerce & Employment, Regional Office of MoICE, Thimphu
9
District Administration, Punakha (x 4)
10 11 12 13
Royal Monetary Authority (x 3)
17 18 19
Any commercial bank in Bhutan (x 2)
20 21
Regional Revenue and Customs Office, Thimphu (x 2)
22 23

Results 4 expand_more expand_less

Foreign Direct Investment Registration Certificate
6
Certificate of incorporation
9
Project approval (FDI) XXX
16
Tax payer number
23

Required Documents
Individual investor Corporate investor
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Company profile of domestic partner
4
Proof of financial capability of domestic partner
4
Foreign Direct Investment Registration Certificate
7
Joint venture agreement between the investors /shareholders
7
Valid Security clearance
7
Location Clearance Form
10
Location Clearance Form
Legal stamps
10
Consent letter from building owners
10
Occupancy certificate
10
Location clearance
14
Business proposal
14
Application form - FCA - III
17
FDI registration certificate
17
Current account opening form
20
Business license (x 2)
20 22
Certificate of incorporation (x 2)
20 22
Legal stamp (x 2)
20 21
Board resolution of the company to open account in the bank
20
A letter with additional signatories details and documents
20
Approval for FC account
21
Current account number (x 2)
21 22
Promoter's details
22
Percentage shareholding of partners
22
Reference number for TPN
23
CV of foreign investor (x 2)
4 7
Passport of foreign investor
4
Tax return of foreign investors for the last financial year
4
Notarized Passport
7
Notarized copy of Certificate of incorporation of the foreign investing company (x 2)
4 7
Shareholder's resolution of the foreign investing company (x 2)
4 7
Audited accounts of foreign investing company for the last financial year
4
Articles of incorporation of the foreign investing company
7

Estimated cost BTN  7,060

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BTN expand_more expand_less
  • 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

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BTN 60 -
BTN  10 per 
legal stamp
6 mode_edit
BTN 7,000
for public company

Total Duration 12d - 36d  expand_more expand_less

  Min. Max.
Total time (sum): 12d 36d
of which:
Waiting time in queue (sum): 5mn 1h. 20mn
Attention at counter: 15mn 1h. 10mn
Waiting time until next step (sum): 11d 35d

Laws 9 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 4, Section 30
Evidence Act of Bhutan, 2005 Evidence Act of Bhutan, 2005 Section 35(c)
FDI regulations 2019 FDI Regulations 2019
  articles 15, 56, 59, 70, 71-74
FDI Regulations 2019 FDI Regulations 2019 Annex I(4)
Foreign Direct Investment Policy 2019 Foreign Direct Investment Policy 2019
  articles 3.7, 3.6, 5.1, 6.2, 6.1, 11 (i)
Foreign Exchange Rules and Regulations 2022 Foreign Exchange Rules and Regulations 2022 40, 44-a(vi)
GENERAL GUIDELINES FOR INDUSTRIAL AND COMMERCIAL VENTURES IN BHUTAN, 1997 General Guidelines for Industrial and Commercial Ventures in Bhutan, 1997
  articles 2.4, icle 4.1(iii)
Income Tax Act of the Kingdom of Bhutan 2001 Income Tax Act of the Kingdom of Bhutan 2001 Part I, Chapter 10, Section 47 and Part II, Chapter 4, Section 16
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 I, Rule 6.1 and Part II, Rule # 3 (3.1)
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