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

Steps (30) arrow_drop_up arrow_drop_down
Purchase legal stamps  (1) expand_more expand_less
Obtain security clearance  (2) expand_more expand_less
Obtain name clearance  (1) expand_more expand_less
Obtain FDI registration certificate  (2) expand_more expand_less
Obtain business guest visa clearance  (4) expand_more expand_less
Obtain site layout and location maps  (1) expand_more expand_less
Sign agreement on land use  (1) expand_more expand_less
Obtain gewog administrative approval  (2) expand_more expand_less
Obtain location clearance  (2) expand_more expand_less
Register company  (3) expand_more expand_less
Obtain project approval  (2) expand_more expand_less
Obtain business license  (3) expand_more expand_less
Open bank account  (4) expand_more expand_less
Obtain tax payer number  (2) expand_more expand_less
29 Request tax payer number
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30 Obtain tax payer number
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Summary of the procedure

Institutions involved 12 expand_more expand_less

Any post office or local stationery shop
1
Ministry of Economic Affairs, Department of Industry (x 8)
4 5 6 7 17 19 20 21
Ministry of Economic Affairs, Secretariat
8
Ministry of Home and Cultural Affairs, Department of Immigration (x 2)
9 10
Any licensed architect/ engineer or architectural/ engineering firm
11
Any building owner/ institution
12
Any Concerned Geog Administration Office (x 2)
13 14
District Administration, Samtse (x 2)
15 16
Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu
18
Ministry of Economic Affairs, Regional Trade and Industry Office, Phuntsholing
24
Royal Monetary Authority (x 2)
25 26
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd (x 2)
27 28

Results 5 expand_more expand_less

Foreign direct investment registration certificate
6
Certificate of incorporation
19
Project approval
21
Business license
24
Tax payer number
30

Required Documents expand_more expand_less

Individual investor Corporate investor
Name clearance form
4
Legal stamp (x 6)
4 7 12 17 27 28
Passport of all foreign investors
4
Security clearance certificate (x 2)
4 17
Citizenship identity card of investor (x 4)
4 17 27 29
Company profile of domestic investor
5
Proof of financial capability of domestic investor
5
Documents establishing title and the valuation of land
5
Business guest visa application form
7
Visa application form
7
Trade/ Industry license
7
Passport of foreign investor
7
Visa request letter
7
Itinerary for visiting guests
7
Consent letter from parent company
7
Recommendation letter from MoEA 
9
Business guest visa application form (one of the duly filled form submitted)
9
Visa application form (one of the duly filled form submitted)
9
Passport of foreign investor
9
Lease agreement
13
Business plan (x 4)
13 15 20 22
Covering letter (x 2)
13 15
Geog Administrative Approval / Public Clearance
15
Site layout plan
15
Location map
15
Articles of incorporation
17
Consent to act as director
17
Declaration of compliance
17
Foreign direct investment registration certificate
17
List of names and addresses of the first Directors and CEO of the company
17
Joint venture agreement between the investors /shareholders
17
Notification for payment
18
Payment receipt
19
Location clearance
20
Certificate of incorporation (x 3)
22 27 29
Project approval
22
Undertaking form
22
Application form - FCA - III
25
FDI registration certificate
25
Current account opening form (BNB)
27
Business license (x 2)
27 29
Board resolution of the company to open account in the bank
27
A letter with additional signatories details and documents
27
Approval for FC account
28
Current account number (x 2)
28 29
Promoter's details
29
Percentage shareholding of partners
29
CV of foreign investor (x 2)
5 17
Tax return of foreign investors
5
Certificate of incorporation of the foreign investor company
5
Board of Directors'/shareholder's resolution of the foreign investing company (x 2)
5 17
Audited accounts of foreign investing cmpany
5
Articles of incorporation of the foreign investor company
17

Cost BTN  21,390 expand_more expand_less

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

Total Duration 32 d - 144 d expand_more expand_less

  Min. Max.
Total time (sum): 32 d 144 d
of which:
Waiting time in queue (sum): 10mn 3h. 30mn
Attention at counter: 1h. 4h. 10mn
Waiting time until next step (sum): 32 d 143 d

Laws 14 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 5, Sections 38-43
Cottage and Small Industry Policy 2012 Cottage and Small Industry Policy 2012 Chapter 5
Evidence Act of Bhutan, 2005 Evidence Act of Bhutan, 2005 Section 35(c)
FDI Rules and Regulations 2012 FDI Rules and Regulations 2012 (Amended Dec 13, 2014) Schedule VI, 2 (ii,e)
  articles 19, 20, 21
Foreign Direct Investment (FDI) Policy, 2010 Foreign Direct Investment (FDI) Policy, 2010 (Amended on July 18, 2014)
  articles 3.7, 5.7, 5.10, 6.1, 6.2
Foreign Exchange Regulations of Bhutan, 1997 Foreign Exchange Regulations of Bhutan, 2013
  Article 48
GENERAL GUIDELINES FOR INDUSTRIAL AND COMMERCIAL VENTURES IN BHUTAN, 1997 General Guidelines for Industrial and Commercial Ventures in Bhutan, 1997 Annex II (For investment size, refer Cottage and Small Industry Policy 2012, Chapter 5).
Immigration Rules and Regulations of Bhutan 2012 Immigration Rules and Regulations of Bhutan 2012
  Article 63
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 and Regulations for establishment and operation of industrial and commercial ventures in Bhutan, 1995 Rules and Regulations for establishment and operation of industrial and commercial ventures in Bhutan, 1995 Rules 1, 29
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 Immigration Act of Kingdom of Bhutan, 2007 The Immigration Act of Kingdom of Bhutan, 2007
  Chapter  6 ,  Section  43 (e) ,  Article 43
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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