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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 (40)

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 business guest visa (7)

13 Request visa recommendation letter

14 Receive information to collect Visa recommendation letter

15 Collect visa recommendation letter

16 Request visa clearance

17 Pay visa fee

18 Submit payment receipt

19 Collect visa

Obtain site layout and location maps (1)

20 Obtain site layout and location maps

Sign agreement on land use (1)

21 Sign agreement on land use

Obtain land use approval from Gewog (2)

22 Request land use approval from Gewog

23 Collect land use approval from Gewog

Obtain location clearance (2)

24 Request location clearance

25 Collect location clearance

Obtain project approval (6)

26 Request project approval

27 Collect environmental clearance (for activity) payment notification

28 Pay environmental clearance fee

29 Submit payment receipt

30 Receive information for collection of project approval

31 Collect project approval

Obtain business license (3)

32 Request business license

33 Pay license fees

34 Collect business license

Open bank account (4)

35 Request approval for FC account

36 Collect approval for FC Account

37 Open current bank account

38 Open foreign currency bank account

Obtain tax payer number (2)

39 Request tax payer number

40 Obtain tax payer number

Summary of the procedure

Institutions involved 14

Any post office or local stationery shop

Ministry of Economic Affairs, Department of Industry (x 12)

4 5 6 7 8 9 10 11 13 26 30 31

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

12 32 33 34

Ministry of Economic Affairs, Secretariat (x 2)

14 15

Ministry of Home and Cultural Affairs, Department of Immigration (x 4)

16 17 18 19

Any licensed architect/ engineer or architectural/ engineering firm

Any building owner/ institution

Any Concerned Geog Administration Office (x 2)

22 23

District Administration, Wangduephodrang (x 2)

24 25

Delegated competent authority for environmental clearance (x 2)

27 29

Revenue section of the competent authority

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

Foreign direct investment registration certificate

Certificate of incorporation

Land Use Approval from geog

Project approval

Tax payer number

Required Documents
Individual investor Corporate investor

Company profile of domestic partner

Proof of financial capability of domestic partner

Documents establishing title and the valuation of land

Foreign direct investment registration certificate

Joint venture agreement between the investors /shareholders

Citizenship identity card number (x 3)

10 37 39

Security clearance certificate

FDI registration certificate (x 3)

13 16 35

Business guest visa application form

Visa application form

Visa request letter

Legal stamp (x 4)

13 21 37 38

Business license

Passport of foreign investor

Itinerary for visiting guests (x 2)

13 16

Consent letter from parent company (x 2)

13 16

Recommendation letter from MoEA

Business guest visa application form

Visa application form

Passport of foreign investor

Visa fee payment notification

Lease agreement

Business plan (x 3)

22 24 26

Covering letter (x 2)

22 24

Land Use Approval from geog

Site layout plan

Location map

Location clearance

Initial environmental examination (IEE) - Industry

Environmental clearance payment notification

Payment receipt

Certificate of incorporation (x 3)

32 37 39

Project approval

Application form - FCA - III

Current account opening form (BNB)

Business license (x 2)

37 39

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)

38 39

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

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

Articles of incorporation of the foreign investor company

Estimated cost BTN 113,470

USD

USD 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
BTN 2,000
BTN 7,000
BTN 2,500
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 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 59 d - 228 d

	Min.	Max.
Total time (sum):	59 d	228 d
of which:
Waiting time in queue (sum):	10mn	4h. 40mn
Attention at counter:	1h. 5mn	4h. 20mn
Waiting time until next step (sum):	59 d	227 d