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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 (34)

Purchase legal stamps (1)

1 Purchase legal stamps

Obtain security clearance (2)

2 Request security clearance

3 Obtain security clearance

Obtain name clearance (1)

4 Obtain name clearance

Obtain FDI registration certificate (2)

5 Request FDI registration certificate

6 Collect FDI registration certificate

Obtain business guest visa clearance (4)

7 Request visa recommendation letter

8 Collect visa recommendation letter

9 Request visa clearance

10 Collect visa clearance

Obtain site layout and location maps (1)

11 Obtain site layout and location maps

Sign agreement on land use (1)

12 Sign agreement on land use

Obtain gewog administrative approval (2)

13 Request geog administrative approval

14 Collect geog administrative approval

Obtain location clearance (2)

15 Request location clearance

16 Collect location clearance

17 Request company registration

18 Pay registration fees

19 Collect certificate of incorporation

Obtain project approval (6)

20 Request project approval

21 Collect environmental clearance 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 bank account (4)

29 Request approval for FC account

30 Collect approval for FC Account

31 Open current bank account

32 Open foreign currency bank account

Obtain tax payer number (2)

33 Request tax payer number

34 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 7 17 19 20 24 25

Ministry of Economic Affairs, Secretariat

Ministry of Home and Cultural Affairs, Department of Immigration (x 2)

9 10

Any licensed architect/ engineer or architectural/ engineering firm

Any building owner/ institution

Any Concerned Geog Administration Office (x 2)

13 14

District Administration, Wangduephodrang (x 2)

15 16

Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu (x 2)

18 28

Delegated competent authority for environmental clearance (x 2)

21 23

Revenue section of the competent authority

Royal Monetary Authority (x 2)

29 30

Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd (x 2)

31 32

Results 4

Foreign direct investment registration certificate

Certificate of incorporation

Project approval

Tax payer number

Required Documents
Individual investor Corporate investor

Name clearance form

Legal stamp (x 6)

4 7 12 17 31 32

Passport of all foreign investors

Security clearance certificate (x 2)

4 17

Citizenship identity card of investor (x 4)

4 17 31 33

Company profile of domestic partner

Proof of financial capability of domestic partner

Documents establishing title and the valuation of land

Business guest visa application form

Visa application form

Trade/ Industry license

Passport of foreign investor

Visa request letter

Itinerary for visiting guests (x 2)

7 9

Consent letter from parent company

FDI registration certificate (x 2)

9 29

Recommendation letter from MoEA

Business guest visa application form (verified by Human Resource Division, MoEA)

Visa application form (verified by Human Resource Division, MoEA)

Passport of foreign investor

Lease agreement

Business plan (x 4)

13 15 20 26

Covering letter (x 2)

13 15

Geog Administrative Approval / Public Clearance

Site layout plan

Location map

Articles of incorporation

Consent to act as director

Declaration of compliance

Foreign direct investment registration certificate

List of names and addresses of the first Directors and CEO of the company

Joint venture agreement between the investors /shareholders

Notification for payment

Payment receipt

Location clearance

Initial environmental examination (IEE) - Industry

Environmental clearance payment notification

Payment receipt

Certificate of incorporation (x 3)

26 31 33

Project approval

Application form - FCA - III

Current account opening form (BNB)

Business license (x 2)

31 33

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)

32 33

Promoter's details

Percentage shareholding of partners

CV of foreign investor (x 2)

5 17

Passport of all foreign investors (x 2)

5 17

Tax return of foreign investors

Certificate of incorporation of the foreign investor company (x 2)

5 17

Board of Directors'/shareholder's resolution of the foreign investing company (x 2)

5 17

Audited accounts of foreign investing company

Articles of incorporation of the foreign investor company

Cost BTN 101,890

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 90 - BTN 10 per legal stamp	9
BTN 8,000 Business registration fee for authorized share capital above BTN 100m
BTN 4,000 Business registration fee for authorized share capital between BTN 10m to BTN 100m
BTN 2,000 Business registration fee for authorized share capital between BTN 1m to BTN 10m
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