List of steps

(Total number of steps: 30)

Purchase legal stamps (1)

Purchase legal stamps

Obtain security clearance (2)

Request security clearance Online procedure

Obtain security clearance Online procedure

Obtain name clearance (1)

Obtain name clearance

Obtain FDI registration certificate (2)

Request FDI registration certificate

Collect FDI registration certificate

Obtain business guest visa clearance (4)

Request visa recommendation letter

Collect visa recommendation letter

Request visa clearance

Collect visa clearance

Obtain site layout and location maps (1)

Obtain site layout and location maps

Sign agreement on land use (1)

Sign agreement on land use

Obtain gewog administrative approval (2)

Request geog administrative approval

Collect geog administrative approval

Obtain location clearance (2)

Request location clearance

Collect location clearance

Request company registration

Pay registration fees

Collect certificate of incorporation

Obtain project approval (2)

Request project approval

Collect project approval

Obtain business license (3)

Request business license Online procedure

Pay license fees Online procedure

Collect business license

Open bank account (4)

Request approval for FC account

Collect approval for FC Account

Open current bank account

Open foreign currency bank account

Obtain tax payer number (2)

Request tax payer number Online procedure

Obtain tax payer number Online procedure

Preview & Print

Properties

	Print the full procedure
	Print selected step:
	Include recourse information		"Certification sheet" format

Summary of the procedure

Where to go? (12)

You will have to go to the following agencies. The number indicates how many interactions are required with each entity.

Any post office or local stationary shop

Ministry of Economic Affairs, Department of Industry (x 8)

4 5 6 7 17 19 20 21

Ministry of Economic Affairs, Secretariat

Ministry of Home and Cultural Affairs, Department of Immigration (x 2)

9 10

Any licensed architect/ engineer or architectural/ engineering firm

Any building owner/ institution

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

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

Royal Monetary Authority (x 2)

25 26

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

27 28

What you will get (5)

The objective of the procedure is to obtain those documents.

Foreign direct investment registration certificate

Certificate of incorporation

Project approval

Business license

Tax payer number

Required documents

The documents with green band will be provided to you during the procedure.

Individual investor Corporate investor

Name clearance form

Legal stamp (x 6)

4 7 12 17 27 28

Passport of all foreign investors

Security clearance certificate (x 2)

4 17

Citizenship identity card of investor (x 4)

4 17 27 29

Certificate of incorporation of the foreign investor company

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

5 17

Audited accounts of foreign investing cmpany

CV of foreign investor (x 2)

5 17

Tax return of foreign investors

Company profile of domestic investor

Proof of financial capability of domestic investor

Documents establishing title and the valuation of land

Business guest visa application form

Visa application form

Trade/ Industry license

Passport of foreign investor

Visa request letter

Itinerary for visiting guests

Consent letter from parent company

Recommendation letter from MoEA

Business guest visa application form (one of the duly filled form submitted)

Visa application form (one of the duly filled form submitted)

Passport of foreign investor

Lease agreement

Business plan (x 4)

13 15 20 22

Covering letter (x 2)

13 15

Geog Administrative Approval / Public Clearance

Site layout plan

Location map

Articles of incorporation

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

Articles of incorporation of the foreign investor company

Notification for payment

Payment receipt

Location clearance

Certificate of incorporation (x 3)

22 27 29

Project approval

Undertaking form

Application form - FCA - III

FDI registration certificate

Current account opening form (BNB)

Business license (x 2)

27 29

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)

28 29

Promoter's details

Percentage shareholding of partners

How much?

Estimated cost of the procedure BTN 21,390

Cost detail	Estimate your cost
BTN 10 per legal stamp - BTN 90	9
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

How long ?

The estimated total time is calculated by adding the time spent: 1) waiting in queue, 2) at the counter and 3) between steps.

	Min.	Max.
Total time (sum):	32 d	143 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