1. Foreign Investment (Company Creation)
  2. Samtse
  3. On private land > without environmental clearance
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Properties

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Properties

Steps (28) arrow_drop_up arrow_drop_down
Security clearance (local partner)  (2) expand_more expand_less
Legal stamps (local partner)  (1) expand_more expand_less
Company name clearance  (3) expand_more expand_less
FDI registration certificate  (2) expand_more expand_less
Company registration  (3) expand_more expand_less
Site layout plan and location map  (1) expand_more expand_less
Land use agreement  (1) expand_more expand_less
Land use approval from gewog  (2) expand_more expand_less
Location clearance  (2) expand_more expand_less
Project approval  (2) expand_more expand_less
Business license  (2) expand_more expand_less
Foreign currency account  (5) expand_more expand_less
Tax payer number  (2) expand_more expand_less
27 Request tax payer number
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28 Obtain tax payer number
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Summary of the procedure

Institutions involved 11 expand_more expand_less

Any post office or local stationery shop
3
Ministry of Industry, Commerce & Employment, Secretariat Office. (x 6)
4 5 6 9 10 11
Ministry of Industry, Commerce & Employment, Secretariat Office.
Ministry of Industry, Commerce and Employment (MoICE), Department of Industry (x 4)
7 8 18 19
Any licensed architect/ engineer or architectural/ engineering firm
12
Any building owner/ institution
13
Any Concerned Gewog Administration Office (x 2)
14 15
District Administration, Samtse (x 2)
16 17
Ministry of Industry, Commerce & Employment, Regional Office of MoICE, Thimphu
20
Ministry of Industry, Commerce & Employment, Department of Industry
21
Ministry of Industry, Commerce & Employment, Department of Industry
Royal Monetary Authority (x 3)
22 23 24
Any commercial bank in Bhutan (x 2)
25 26

Results 4 expand_more expand_less

Foreign Direct Investment Registration Certificate
8
Certificate of incorporation
11
Land Use Approval from geog
15
Tax payer number
28

Required Documents
Individual investor Corporate investor
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Valid Security clearance (x 2)
4 9
Notarized Passport
4
Company profile of domestic partner
7
Proof of financial capability of domestic partner
7
Documents establishing title and the valuation of land
7
Audited Final Accounts of the existing entity for the last financial year
7
Foreign Direct Investment Registration Certificate
9
Joint venture agreement between the investors /shareholders
9
Legal stamp (x 3)
13 25 26
Lease agreement
14
Business proposal (x 3)
14 16 18
Cover letter for gewog approval
14
Land Use Approval from geog
16
Site layout plan
16
Location map
16
Covering letter
16
Location clearance
18
Application form - FCA - III
22
FDI registration certificate
22
Current account opening form
25
Business license (x 2)
25 27
Certificate of incorporation (x 2)
25 27
Board resolution of the company to open account in the bank
25
A letter with additional signatories details and documents
25
Approval for FC account
26
Current account number (x 2)
26 27
Promoter's details
27
Percentage shareholding of partners
27
CV of Investor (In PDF format)
4
CV of foreign investor (x 2)
7 9
Notarized Passport (x 2)
7 9
Tax return of foreign investors for the last financial year
7
Tax return/audited accounts of the founder/promoter in the case of Special Purpose Vehicle
7
The profile of the foreign company (in PDF format)
4
Notarized copy of Certificate of incorporation of the foreign investing company (x 2)
7 9
Shareholder's resolution of the foreign investing company (x 2)
7 9
Audited accounts of foreign investing company for the last financial year
7
Articles of incorporation of the foreign investing company
9

Estimated cost BTN  21,060

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BTN expand_more expand_less
  • 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

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BTN 60 -
BTN  10 per 
legal stamp
6 mode_edit
BTN 2,000
Name reservation fee
BTN 7,000
for public company
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

Total Duration 26d - 105d  expand_more expand_less

  Min. Max.
Total time (sum): 26d 105d
of which:
Waiting time in queue (sum): 10mn 1h. 20mn
Attention at counter: 30mn 1h. 30mn
Waiting time until next step (sum): 25d 105d

Laws 14 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 5, Sections 38-43
Evidence Act of Bhutan, 2005 Evidence Act of Bhutan, 2005 Section 35(c)
FDI application guidelines FDI application guidelines 2019
  Article 1
FDI Guidelines 2019 FDI Guidelines 2019
  Article Annexure II
FDI regulations 2019 FDI Regulations 2019
  articles 15, 56, 59, 70, 71-74
FDI Regulations 2019 FDI Regulations 2019 Annex I(4)
Foreign Direct Investment (FDI) Policy, 2010 (Amended on July 18, 2014) Foreign Direct Investment Policy 2019
  Article 5.10
Foreign Direct Investment Policy 2019 Foreign Direct Investment Policy 2019
  articles 3.7, 3.6, 5.1, 6.2, 6.1, 11 (i)
Foreign Exchange Rules and Regulations 2022 Foreign Exchange Rules and Regulations 2022 40, 44-a(vi)
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)
Income Tax Act of the Kingdom of Bhutan 2001 Income Tax Act of the Kingdom of Bhutan 2001 Part II, Chapter 6, Section 14
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 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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