eRegulations Bhutan

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"Certification sheet" format

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Properties

Print the full procedure

Print selected step:

Include recourse information

"Certification sheet" format

Steps (35)

Obtain security clearance (local partner) (2)

1 Request security clearance

2 Obtain security clearance

Purchase legal stamps (local partner) (1)

3 Purchase legal stamps

Obtain company name clearance (3)

4 Request company name approval

5 Receive payment advice notification (by email)

6 Pay name clearance fee and obtain company name approval

Obtain FDI registration certificate (3)

7 Request FDI registration certificate

8 Receive information for collection of FDIRC

9 Collect FDI registration certificate

10 Request company registration

11 Receive payment advice notification (by email)

12 Pay registration fees and receive certificate of incorporation

Obtain site layout plan and location map (1)

13 Obtain site layout plan and location map

Sign agreement on land use (1)

14 Sign agreement on land use

Obtain land use approval from Gewog (2)

15 Request land use approval from Gewog

16 Collect land use approval from Gewog

Obtain location clearance (2)

17 Request location clearance

18 Collect location clearance

Obtain project approval (7)

19 Request project approval

20 Receive information to collect payment notification for environmental clearance

21 Collect environmental clearance (for activity) payment notification

22 Pay environmental clearance fee

23 Submit payment receipt

24 Receive information for collection of project approval

25 Collect project approval

Obtain business license (3)

26 Request business license

27 Pay license fees

28 Collect business license

Open foreign currency account (5)

29 Request approval for FC account

30 Receive information to collect FC approval

31 Collect approval for FC Account

32 Open current bank account

33 Open foreign currency bank account

Obtain tax payer number (2)

34 Request tax payer number

35 Obtain tax payer number

Summary of the procedure

Institutions involved 13

Any post office or local stationery shop

Ministry of Economic Affairs, Department of Industry (x 9)

4 5 6 8 10 11 19 24 25

Department of Industry, MoEA (x 2)

7 9

Ministry of Economic Affairs, Regional Office of Economic Affairs, Thimphu (x 4)

12 26 27 28

Any licensed architect/ engineer or architectural/ engineering firm

Any building owner/ institution

Any Concerned Gewog Administration Office (x 2)

15 16

District Administration, Wangduephodrang (x 2)

17 18

Delegated competent authority for environmental clearance (x 3)

20 21 23

Revenue section of the competent authority

Royal Monetary Authority (x 3)

29 30 31

Any commercial bank in Bhutan (x 2)

32 33

Regional Revenue and Customs Office, Thimphu (x 2)

34 35

Results 6

Foreign direct investment registration certificate

Certificate of incorporation

Land Use Approval from geog

Project approval (FDI) XXX

Business license

Tax payer number

Required Documents
Individual investor Corporate investor

Citizenship identity card (x 4)

4 10 32 34

Security clearance certificate (x 2)

4 10

Passports of all foreign investors

Company profile of domestic partner

Proof of financial capability of domestic partner

Documents establishing title and the valuation of land

Tax return/audited accounts of the founder/promoter in the case of Special Purpose Vehicle

Audited Final Accounts of the existing entity for the last financial year

Foreign direct investment registration certificate

Joint venture agreement between the investors /shareholders

Legal stamp (x 3)

14 32 33

Lease agreement

Business proposal (x 3)

15 17 19

Cover letter for gewog approval

Land Use Approval from geog

Site layout plan

Location map

Covering letter

Location clearance

Initial environmental examination (IEE) - Industry

Environmental clearance payment notification

Payment receipt

Certificate of incorporation (x 3)

26 32 34

Project approval (FDI) XXX

Application form - FCA - III

FDI registration certificate

Current account opening form

Business license (x 2)

32 34

Board resolution of the company to open account in the bank

A letter with additional signatories details and documents

Approval for FC account

Current account number (x 2)

33 34

Promoter's details

Percentage shareholding of partners

Reference number for TPN

CV of foreign investor (x 2)

7 10

Passports of all foreign investors (x 2)

7 10

Tax return of foreign investors for the last financial year

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

Articles of incorporation of the foreign investor company

Estimated cost BTN 104,660

BTN

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 60 - BTN 10 per legal stamp	6
BTN 2,000 Name reservation fee
BTN 7,000 for public company
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 for large scale industry
BTN 8,000 Registration fee for large scale industry
BTN 100 Booklet fee