1. Foreign investment
  2. Wangduephodrang
  3. On private land > with environmental cleareance
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Steps (40) 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  (4) expand_more expand_less
Obtain FDI registration certificate  (3) expand_more expand_less
Obtain business guest visa clearance  (6) expand_more expand_less
Obtain site layout and location maps  (1) expand_more expand_less
Sign agreement on land use  (1) expand_more expand_less
Obtain land use approval from Gewog  (2) expand_more expand_less
Obtain location clearance  (2) expand_more expand_less
Register company  (3) 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
39 Request tax payer number
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40 Obtain tax payer number
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Summary of the procedure

Institutions involved 14 expand_more expand_less

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

Results 5 expand_more expand_less

Foreign direct investment registration certificate
10
Land Use Approval from geog
20
Certificate of incorporation
25
Project approval
31
Tax payer number
40

Required Documents
Individual investor Corporate investor
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Company profile of domestic partner
8
Proof of financial capability of domestic partner
8
Documents establishing title and the valuation of land
8
Business guest visa application form
11
Visa application form
11
Visa request letter
11
Legal stamp (x 5)
11 18 23 37 38
Trade/ Industry license
11
Passport of foreign investor
11
Itinerary for visiting guests (x 2)
11 13
Consent letter from parent company (x 2)
11 13
FDI registration certificate (x 2)
13 35
Recommendation letter from MoEA 
13
Business guest visa application form
13
Visa application form
13
Passport of foreign investor
13
Visa fee payment notification
14
Lease agreement
19
Business plan (x 4)
19 21 26 32
Covering letter (x 2)
19 21
Land Use Approval from geog
21
Site layout plan
21
Location map
21
Articles of incorporation (for private company)
23
Consent to act as director
23
Declaration of compliance
23
Foreign direct investment registration certificate
23
List of names and addresses of the first Directors and CEO of the company
23
Joint venture agreement between the investors /shareholders
23
Citizenship identity card (x 3)
23 37 39
Security clearance certificate
23
Location clearance
26
Initial environmental examination (IEE) - Industry
27
Environmental clearance payment notification
28
Payment receipt
29
Certificate of incorporation (x 3)
32 37 39
Project approval
32
Application form - FCA - III
35
Current account opening form (BNB)
37
Business license (x 2)
37 39
Board resolution of the company to open account in the bank
37
A letter with additional signatories details and documents
37
Approval for FC account
38
Current account number (x 2)
38 39
Promoter's details
39
Percentage shareholding of partners
39
Reference number for TPN
40
CV of foreign investor (x 2)
8 23
Passports of all foreign investors (x 2)
8 23
Tax return of foreign investors
8
Certificate of incorporation of the foreign investor company (x 2)
8 23
Board of Directors'/shareholder's resolution of the foreign investing company (x 2)
8 23
Audited accounts of foreign investing company
8
Articles of incorporation of the foreign investor company
23

Estimated cost BTN  104,470

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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 2,500
BTN 7,000
BTN 5,000
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 100 m
BTN 100
Booklet fee
BTN 100
Booklet fee
BTN 100
Booklet fee

Total Duration 66 d - 243 d expand_more expand_less

  Min. Max.
Total time (sum): 66 d 243 d
of which:
Waiting time in queue (sum): 10mn 5h. 15mn
Attention at counter: 1h. 20mn 5h. 25mn
Waiting time until next step (sum): 66 d 242 d

Laws 16 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 Section 35 (sub-section 35.3) and section 63
  Article 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, 5.7, 5.10, 5.1, 6.1, 6.2
Foreign Exchange Regulations of Bhutan, 1997 Foreign Exchange Regulations of Bhutan, 2013
  Article 48
GENERAL GUIDELINES FOR INDUSTRIAL AND COMMERCIAL VENTURES IN BHUTAN, 1997 General Guidelines for Industrial and Commercial Ventures in Bhutan, 1997
  articles 2.4, 4.1 (iii)
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 Annex 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 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
  Article 180
The Tenancy Act of the Kingdom of Bhutan 2004 The Tenancy Act of the Kingdom of Bhutan 2004
  Section  6.2
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