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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 (37)

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 (4)

4 Request company name approval

5 Receive company name approval (by email)

6 Receive payment advice notification (by email)

7 Pay registration fee and obtain company name approval

Obtain FDI registration certificate (3)

8 Request FDI registration certificate

9 Receive information for collection of FDIRC

10 Collect FDI registration certificate

Obtain business guest visa clearance (6)

11 Request visa recommendation letter

12 Collect visa recommendation letter

13 Request visa clearance

14 Pay visa fee

15 Submit payment receipt

16 Collect visa clearance

Obtain site layout and location maps (1)

17 Obtain site layout and location maps

Sign agreement on land use (1)

18 Sign agreement on land use

Obtain land use approval from Gewog (2)

19 Request land use approval from Gewog

20 Collect land use approval from Gewog

Obtain location clearance (2)

21 Request location clearance

22 Collect location clearance

23 Request company registration

24 Receive payment advice notification (by email)

25 Pay registration fees and receive certificate of incorporation

Obtain project approval (3)

26 Request project approval

27 Receive information for collection of project approval

28 Collect project approval

Obtain business license (3)

29 Request business license

30 Pay license fees

31 Collect business license

Open bank account (4)

32 Request approval for FC account

33 Collect approval for FC Account

34 Open current bank account

35 Open foreign currency bank account

Obtain tax payer number (2)

36 Request tax payer number

37 Obtain tax payer number

Summary of the procedure

Institutions involved 12

Any post office or local stationery shop

Ministry of Economic Affairs, Department of Industry (x 13)

4 5 6 7 8 9 10 11 23 24 26 27 28

Ministry of Economic Affairs, Secretariat

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

13 14 15 16

Any licensed architect/ engineer or architectural/ engineering firm

Any building owner/ institution

Any Concerned Geog Administration Office (x 2)

19 20

District Administration, Samtse (x 2)

21 22

Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu

Ministry of Economic Affairs, Regional Trade and Industry Office, Phuntsholing

Royal Monetary Authority (x 2)

32 33

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

34 35

Results 6

Foreign direct investment registration certificate

Land Use Approval from geog

Certificate of incorporation

Project approval

Business license

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

Business guest visa application form

Visa application form

Visa request letter

Legal stamp (x 5)

11 18 23 34 35

Trade/ Industry license

Passport of foreign investor

Itinerary for visiting guests (x 2)

11 13

Consent letter from parent company (x 2)

11 13

FDI registration certificate (x 2)

13 32

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 4)

19 21 26 29

Covering letter (x 2)

19 21

Land Use Approval from geog

Site layout plan

Location map

Articles of incorporation (for private company)

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

Citizenship identity card (x 3)

23 34 36

Security clearance certificate

Location clearance

Certificate of incorporation (x 3)

29 34 36

Project approval

Undertaking form

Application form - FCA - III

Current account opening form (BNB)

Business license (x 2)

34 36

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)

35 36

Promoter's details

Percentage shareholding of partners

CV of foreign investor (x 2)

8 23

Passports of all foreign investors (x 2)

8 23

Tax return of foreign investors

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

8 23

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

8 23

Audited accounts of foreign investing company

Articles of incorporation of the foreign investor company

Estimated cost BTN 20,970

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 2,500
BTN 7,000
BTN 5,000
BTN 4,000 Business license fee for authorized share capital above BTN 100m
BTN 100 Booklet fee
BTN 100 Booklet fee
BTN 100 Booklet fee

Total Duration 36 d - 153 d

	Min.	Max.
Total time (sum):	36 d	153 d
of which:
Waiting time in queue (sum):	10mn	4h. 45mn
Attention at counter:	1h. 5mn	4h. 35mn
Waiting time until next step (sum):	36 d	152 d