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

Steps (26) 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 location clearance  (4) expand_more expand_less
Obtain project approval  (3) expand_more expand_less
Open bank account  (5) expand_more expand_less
Obtain tax payer number  (2) expand_more expand_less
25 Request tax payer number
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26 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 Economic Affairs, Department of Industry (x 10)
4 5 6 7 8 10 11 17 18 19
Department of Industry, MoEA
9
Ministry of Economic Affairs, Regional Office of Economic Affairs, Thimphu
12
District Administration, Punakha (x 4)
13 14 15 16
Royal Monetary Authority (x 3)
20 21 22
Any commercial bank in Bhutan (x 2)
23 24
Regional Revenue and Customs Office, Thimphu (x 2)
25 26

Results 4 expand_more expand_less

Foreign direct investment registration certificate
9
Certificate of incorporation
12
Project approval (FDI) XXX
19
Tax payer number
26

Required Documents
Individual investor Corporate investor
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Citizenship identity card (x 4)
4 10 23 25
Security clearance certificate (x 2)
4 10
Passports of all foreign investors
4
Company profile of domestic partner
7
Proof of financial capability of domestic partner
7
Foreign direct investment registration certificate
10
Joint venture agreement between the investors /shareholders
10
Application form for industry license
13
Legal stamps
13
Consent letter from building owners
13
Occupancy certificate
13
Location clearance
17
Business proposal
17
Application form - FCA - III
20
FDI registration certificate
20
Current account opening form
23
Business license (x 2)
23 25
Certificate of incorporation (x 2)
23 25
Legal stamp (x 2)
23 24
Board resolution of the company to open account in the bank
23
A letter with additional signatories details and documents
23
Approval for FC account
24
Current account number (x 2)
24 25
Promoter's details
25
Percentage shareholding of partners
25
Reference number for TPN
26
CV of foreign investor (x 2)
7 10
Passport of foreign investor
7
Tax return of foreign investors for the last financial year
7
Passports of all foreign investors
10
Notarized copy of Certificate of incorporation of the foreign investing company (x 2)
7 10
Shareholder's resolution of the foreign investing company (x 2)
7 10
Audited accounts of foreign investing company for the last financial year
7
Articles of incorporation of the foreign investor company
10

Estimated cost BTN  7,170

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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

Estimate your cost

BTN 170 -
BTN  10 per 
legal stamp
17 mode_edit
BTN 2,000
Name clearance fee
BTN 5,000
for private company

Total Duration 20d - 72d  expand_more expand_less

  Min. Max.
Total time (sum): 20d 72d
of which:
Waiting time in queue (sum): 5mn 1h. 45mn
Attention at counter: 20mn 1h. 35mn
Waiting time until next step (sum): 19d 71d

Laws 10 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 5, Sections 38-43
Evidence Act of Bhutan, 2005 Evidence Act of Bhutan, 2005 Section 35(c)
FDI application guidelines FDI application guidelines 2019
  Article 1
FDI regulations 2019 FDI Regulations 2019
  articles 15, 56, 59, 70, 71-74
FDI Rules and Regulations 2012 FDI Rules and Regulations 2012 (Amended Dec 13, 2014) 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 2018 Foreign Exchange Rules and Regulations 2018 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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