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Properties

Steps (9) arrow_drop_up arrow_drop_down
Obtain security clearance  (2) expand_more expand_less
Obtain letter of intent  (1) expand_more expand_less
Obtain wholesale License  (3) expand_more expand_less
Open current bank account  (1) expand_more expand_less
Obtain tax payer number  (2) expand_more expand_less
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Summary of the procedure

Institutions involved 3 expand_more expand_less

Any Principal Company
Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu (x 3)
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd

Results 2 expand_more expand_less

Trade License
Tax payer number

Required Documents expand_more expand_less

Application form for retail & wholesale trade (form II)
Legal stamp (x 2)
Security clearance
Letter of intent/ appointment
Citizenship identity card of investor (x 3)
Current account opening form (BNB)
Business license (x 2)
Current account number
Promoter's details

Cost BTN  10,000 expand_more expand_less

BTN 10,000
Trade License Fee

Total Duration 1 d - 4 d expand_more expand_less

  Min. Max.
Total time (sum): 1 d 4 d
of which:
Waiting time in queue (sum): 20mn 2h.
Attention at counter: 20mn 55mn
Waiting time until next step (sum): 1 d 4 d

Laws 4 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 4, Section 32(a)
Income Tax Act of the Kingdom of Bhutan 2001 Income Tax Act of the Kingdom of Bhutan 2001 Part II, Chapter 6, Section 14
Micro, Retail & Wholesale Trade Regulation 2006 Micro, Retail & Wholesale Trade Regulation 2006
  articles 4.2, 4
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
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