1. Foreign investment
  2. Punakha
  3. Simple office rental
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Steps (29) 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
Obtain business license  (3) expand_more expand_less
Open bank account  (5) expand_more expand_less
Obtain tax payer number  (2) expand_more expand_less
28 Request tax payer number
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29 Obtain tax payer number
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Summary of the procedure

Institutions involved 7 expand_more expand_less

Any post office or local stationery shop
3
Ministry of Economic Affairs, Department of Industry (x 11)
4 5 6 7 8 9 10 11 17 18 19
Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu (x 4)
12 20 21 22
District Administration, Punakha (x 4)
13 14 15 16
Royal Monetary Authority (x 3)
23 24 25
Any commercial bank in Bhutan (x 2)
26 27
Regional Revenue and Customs Office, Thimphu (x 2)
28 29

Results 4 expand_more expand_less

Foreign direct investment registration certificate
9
Certificate of incorporation
12
Project approval (FDI)
19
Tax payer number
29

Required Documents
Individual investor Corporate investor
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Citizenship identity card (x 4)
4 10 26 28
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
Certificate of incorporation (x 3)
20 26 28
Project approval (FDI)
20
Application form - FCA - III
23
FDI registration certificate
23
Current account opening form
26
Business license (x 2)
26 28
Legal stamp (x 2)
26 27
Board resolution of the company to open account in the bank
26
A letter with additional signatories details and documents
26
Approval for FC account
27
Current account number (x 2)
27 28
Promoter's details
28
Percentage shareholding of partners
28
Reference number for TPN
29
CV of foreign investor (x 2)
7 10
Passport of foreign investor
7
Tax return of foreign investors
7
Passports of all foreign investors
10
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  27,470

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USD expand_more expand_less
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BTN 170 -
BTN  10 per legal stamp
17 mode_edit
BTN 2,000
BTN 7,000
BTN 4,000
Business license fee for authorized share capital above BTN 100 m
BTN 8,000
Registration Fees
BTN 100
Booklet fee
BTN 4,000
Registration fee
BTN 100
Booklet fee
BTN 2,000
Registration fee
BTN 100
Booklet fee

Total Duration 19 d - 73 d expand_more expand_less

  Min. Max.
Total time (sum): 19 d 73 d
of which:
Waiting time in queue (sum): 5mn 2h. 15mn
Attention at counter: 25mn 1h. 45mn
Waiting time until next step (sum): 19 d 72 d

Laws 12 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 5, Sections 38-43
Cottage and Small Industry Policy 2012 Cottage and Small Industry Policy 2012 Chapter 5 - reference for investment size
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, 75
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 3.6, 3.7, 5.1, 6.1, 6.2, 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 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
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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