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Foreign Investment (Company Creation)
Domestic Investment
Construction permit
Thimphu
Simple office rental
With land outside Municipality
On private land > without environmental clearance
On private land > with environmental clearance
On govt. land > without environmental clearance
On govt. land > with environmental clearance
With land inside Municipality
On private land > without environmental clearance
On private land > with environmental clearance
On govt. land > without environmental clearance
On govt. land > with environmental clearance
With land lease inside Industrial Estate
Without environmental clearance
With environmental clearance
Chukha
Simple office rental
With land outside Municipality
On private land > without environmental clearance copy
On private land > with environmental clearance
On govt. land > without environmental clearance copy
On govt. land > with environmental clearance copy
With land inside Municipality
On private land > without environmental clearance
On private land > with environmental clearance
On govt. land > without environmental clearance
On govt. land > with environmental clearance
With land lease inside Industrial Estate
Without environmental clearance
With environmental clearance
Punakha
Simple office rental
On private land > without environmental cleareance
On private land > with environmental cleareance
On govt. land > without environmental cleareance
On govt. land > with environmental cleareance
Wangduephodrang
With simple office rental
On private land > without environmental clearance
On private land > with environmental clearance
On govt land > without environmental clearance
On govt land > with environmental clearance
Paro
With simple office rental
On private land > without environmental clearance
On private land > with environmental clearance
On govt land > without environmental clearance
On govt land > with environmental clearance
Dagana
Simple office rental
On private land > without environmental clearance
On private land > with environmental clearance
On govt land > without environmental clearance
On govt land > with environmental clearance
Tsirang
Simple office rental
On private land > without environmental clearance
On private land > with environmental clearance
On govt land > without environmental clearance
On govt land > with environmental clearance
Sarpang
Simple office rental
With land outside municipality
On private land > without environmental clearance
On private land > with environmental clearance
On govt land > without environmental clearance
On govt land > with environmental clearance
With land inside municipality
On private land > without environmental clearance
On private land > with environmental clearance
On govt land > without environmental clearance
On govt land > with environmental clearance
Bumthang
Simple office rental
On private land > without environmental cleareance
On private land > with environmental cleareance
On govt. land > without environmental cleareance
On govt. land > with environmental cleareance
Trongsa
Simple office rental
On private land > without environmental cleareance
On private land > with environmental cleareance
On govt. land > without environmental cleareance
On govt. land > with environmental cleareance
Gasa
Simple office rental
On private land > without environmental cleareance
On private land > with environmental cleareance
On govt. land > without environmental cleareance
On govt. land > with environmental cleareance
Samtse
Simple office rental
On private land > without environmental clearance
On private land > with environmental clearance
On govt. land > without environmental clearance
On govt. land > with environmental clearance
Zhemgang
Simple office rental
On private land > without environmental clearance
On private land > with environmental clearance
On govt. land > without environmental clearance
On govt. land > with environmental clearance
Haa
Simple office rental
On private land > without environmental clearance
On private land > with environmental clearance
On govt. land > without environmental clearance
On govt. land > with environmental clearance
Thimphu
Business creation (trading)
Micro trade
Retail trade
Wholesale trade
Business creation (service, production and manufacturing industries)
Medium and large industry
With simple space lease
Outside municipality
On private land
On govt. land
Inside municipality
On private land
On govt. land
Inside industrial estate
Cottage and small industry
With simple space lease
Outside municipality
On private land
On govt. land
Inside municipality
On private land
On govt. land
Inside industrial estate
Chukha
Business creation (trading)
Micro trade
Retail trade
Wholesale trade
Business creation (service, production and manufacturing industries)
Medium and large industry
With simple space lease
Outside municipality
On private land
On govt. land
Inside municipality
On private land
On govt. land
Inside industrial estate
Cottage and small industry
With simple space lease
Outside municipality
On private land
On govt. land
Inside municipality
On private land
On govt. land
Inside industrial estate
Paro
Business creation (trading)
Micro trade
Retail trade
Wholesale trade
Business creation (service, production and manufacturing industries)
Medium and large Industry
Simple office rental
On private land
On govt. land
Cottage and small industry
Simple office rental
On private land
On govt. land
Punakha
Business creation (trading)
Micro trade
Retail trade
Wholesale trade
Business creation (service, production and manufacturing industries)
Medium and large industry
Simple office rental
On private land
On govt. land
Cottage and small industry
Simple office rental
On private land
On govt. land
Dagana
Business creation (trading)
Micro trade
Retail trade
Wholesale trade
Business creation (service, production and manufacturing industries)
Medium and large industry
Simple office rental
On private land
On govt. land
Cottage and small industry
Simple office rental
On private land
On govt. land
Tsirang
Business creation (trading)
Micro trade
Retail trade
Wholesale trade
Business creation (service, production and manufacturing industries)
Medium and large industry
Simple office rental
On private land
On govt. land
Cottage and small industry
Simple office rental
On private land
On govt. land
Sarpang
Business creation (trading)
Micro trade
Retail trade
Wholesale trade
Business creation (service, production and manufacturing industries)
Medium and large industry
Simple office rental
Outside municipality
On private land
On govt. land
Inside municipality
On private land
On govt. land
Cottage and small industry
Simple office rental
Outside municipality
On private land
On govt. land
Inside municipality
On private land
On govt. land
Wangduephodrang
Business creation (trading)
Micro trade
Retail trade
Wholesale trade
Business creation (service, production and manufacturing industries)
Medium and large industry
Simple office rental
On private land
On govt. land
Cottage and small industry
Simple office rental
On private land
On govt. land
Gasa
Business creation (trading)
Micro trade
Retail trade
Wholesale trade
Business creation (service, production and manufacturing industries)
Medium and large industry
Simple office rental
On private land
On govt. land
Cottage and small industry
Simple office rental
On private land
On govt. land
Bumthang
Business creation (trading)
Micro trade
Retail trade
Wholesale trade
Business creation (service, production and manufacturing industries)
Medium and large industry
Simple office rental
On private land
On govt. land
Cottage and small industry
Simple office rental
On private land
On govt. land
Trongsa
Business creation (trading)
Micro trade
Retail trade
Wholesale trade
Business creation (service, production and manufacturing industries)
Medium and large industry
Simple office rental
On private land
On govt. land
Cottage and small industry
Simple office rental
On private land
On govt. land
Samtse
Business creation (trading)
Micro trade
Retail trade
Wholesale trade
Business creation (service, production and manufacturing industries)
Medium and large industry
With simple space lease
On private land
On govt. land
Cottage and small industry
With simple space lease
On private land
On govt. land
For construction in Thimphu district
For construction in Chukha district
For Construction in Sarpang district
Foreign Investment (Company Creation)
Zhemgang
On govt. land > with environmental clearance
List of steps
(Total number of steps:
49
)
Purchase legal stamps
(1)
1
Purchase legal stamps
A
Obtain security clearance
(2)
2
Request security clearance
B
3
Obtain security clearance
B
Obtain name clearance
(1)
4
Obtain name clearance
B
Obtain FDI registration certificate
(2)
5
Request FDI registration certificate
C
6
Collect FDI registration certificate
C
Obtain business guest visa clearance
(4)
7
Request visa recommendation letter
B
8
Collect visa recommendation letter
B
9
Request visa clearance
B
10
Collect visa clearance
B
Register company
(3)
11
Request company registration
B
12
Pay registration fees
B
13
Collect certificate of incorporation
B
Open bank account
(4)
14
Request approval for FC account
B
15
Collect approval for FC Account
B
16
Open current bank account
D
17
Open foreign currency bank account
B
Obtain letter of intent
(2)
18
Request letter of intent from relevant agency
C
19
Collect letter of intent from relevant agency
C
Obtain geog administration approval/ public clearance
(2)
20
Request public/social clearance
C
21
Collect public/social clearance
C
Obtain location map
(1)
22
Obtain location map
C
Obtain land lease approval
(16)
23
Request land lease approval
D
24
Receive letter for forestry clearance
D
25
Submit letter for forestry clearance
D
26
Receive appointment for site visit with forest range office
D
27
Site visit for forestry clearance
D
28
Collect forestry clearance
D
29
Request environmental clearance for land
D
30
Pay environmental clearance fee
D
31
Submit revenue receipt
D
32
Receive appointment for site visit for EC
D
33
Site visit for EC
D
34
Collect environmental clearance for land
D
35
Submit forestry clearance and EC to DLLC
D
36
Receive appointment for site visit with DLLC
D
37
Site visit
D
38
Collect land lease approval
D
Sign land lease agreement
(1)
39
Sign land lease agreement
C
Obtain Project Approval
(5)
40
Request project approval
C
41
Collect environmental clearance payment notification
C
42
Pay environmental clearance fee
C
43
Submit payment receipt
C
44
Collect project approval
C
Obtain business license
(3)
45
Request business license
D
46
Pay license fees
D
47
Collect business license
D
Obtain tax payer number
(2)
48
Request tax payer number
D
49
Obtain tax payer number
D
Reviews
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Preview & Print
Properties
Print the full procedure
Print selected step:
Purchase legal stamps
Request security clearance
Obtain security clearance
Obtain name clearance
Request FDI registration certificate
Collect FDI registration certificate
Request visa recommendation letter
Collect visa recommendation letter
Request visa clearance
Collect visa clearance
Request company registration
Pay registration fees
Collect certificate of incorporation
Request approval for FC account
Collect approval for FC Account
Open current bank account
Open foreign currency bank account
Request letter of intent from relevant agency
Collect letter of intent from relevant agency
Request public/social clearance
Collect public/social clearance
Obtain location map
Request land lease approval
Receive letter for forestry clearance
Submit letter for forestry clearance
Receive appointment for site visit with forest range office
Site visit for forestry clearance
Collect forestry clearance
Request environmental clearance for land
Pay environmental clearance fee
Submit revenue receipt
Receive appointment for site visit for EC
Site visit for EC
Collect environmental clearance for land
Submit forestry clearance and EC to DLLC
Receive appointment for site visit with DLLC
Site visit
Collect land lease approval
Sign land lease agreement
Request project approval
Collect environmental clearance payment notification
Pay environmental clearance fee
Submit payment receipt
Collect project approval
Request business license
Pay license fees
Collect business license
Request tax payer number
Obtain tax payer number
Include recourse information
"Certification sheet" format
Summary of the procedure
Where to go?
(16)
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
1
Ministry of Economic Affairs, Department of Industry (x 8)
4
5
6
7
11
13
40
44
Ministry of Economic Affairs, Secretariat
8
Ministry of Home and Cultural Affairs, Department of Immigration (x 2)
9
10
Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu
12
Royal Monetary Authority (x 2)
14
15
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd (x 2)
16
17
Any relevant agency (x 3)
18
19
39
Any Concerned Geog Administration Office (x 2)
20
21
Any licensed architect/ engineer or architectural/ engineering firm
22
District Administration, Zhemgang (x 11)
23
24
29
30
31
32
33
35
36
37
38
Ministry of Agriculture and Forests, DoFPS,Territorial Forest Division, Zhemgang (x 4)
25
26
27
28
District Administration, Gasa
34
Any competent authority (x 2)
41
43
Revenue section of the competent authority
42
Ministry of Economic Affairs, Regional Trade and Industry Office, Trongsa
47
Comments about contacts
New ticket
What you will get
(5)
The objective of the procedure is to obtain those documents.
Foreign direct investment registration certificate
6
Certificate of incorporation
13
Project approval
44
Business license
47
Tax payer number
49
Comments about results
New ticket
Required documents
The documents with green band will be provided to you during the procedure.
Individual investor
Corporate investor
Name clearance form
4
Legal stamp (x 5)
4
7
16
17
39
Passport of all foreign investors
4
Security clearance certificate (x 2)
4
11
Citizenship identity card of investor (x 4)
4
11
16
48
Certificate of incorporation of the foreign investor company
5
Board of Directors'/shareholder's resolution of the foreign investing company
5
Audited accounts of foreign investing cmpany
5
CV of foreign investor (x 2)
5
11
Passport of all foreign investors
5
Tax return of foreign investors
5
Company profile of domestic investor
5
Proof of financial capability of domestic investor
5
Business guest visa application form
7
Visa application form
7
Trade/ Industry license
7
Passport of foreign investor
7
Visa request letter
7
Work plan 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
Articles of incorporation
11
Consent to act as director
11
Declaration of compliance
11
Foreign direct investment registration certificate
11
List of names and addresses of the first Directors and CEO of the company
11
Joint venture agreement between the investors /shareholders
11
Articles of incorporation of the foreign investor company
11
Notification for payment
12
Payment receipt
13
Application form - FCA - III
14
FDI registration certificate
14
Current account opening form (BNB)
16
Certificate of incorporation (x 3)
16
45
48
Board resolution of the company to open account in the bank
16
A letter with additional signatories details and documents
16
Approval for FC account
17
Current account number (x 2)
17
48
Covering letter
18
Business plan (x 6)
18
20
23
29
40
45
Application form to lease GRF land for business activity - DA-1
20
Preliminary assessment report to lease GRF land for business activity - form DA-2
23
Preliminary assessment report to lease GRF land for business activity - form DA-3
23
Letter of intent from relevant agency
23
Public clearance (x 2)
23
29
Application form to lease GRF land for business activity - Form IE-1
23
Location map
23
Forestry clearance letter
25
Forestry clearance (x 2)
29
35
Initial environment examination (IEE) - General
29
Sector clearance
29
Cover letter for EC
29
Revenue receipt
31
Environmental clearance for land
35
Certificate of clearance/ land lease approval
39
Land lease agreement
40
Initial environmental examination (IEE) - Industry
41
Environmental clearance payment notification
42
Payment receipt
43
Project approval
45
Business license
48
Promoter's details
48
Percentage shareholding of partners
48
Comments about requirements
New ticket
How much?
Estimated cost of the procedure
BTN
181,310
change the values with the
Cost detail
Estimate your cost
BTN
10 per legal stamp
-
BTN
90
9
BTN
2,000
Business registration fee for authorized share capital above BTN 2 million
BTN
50,000
Environmental clearance fee
BTN
500
Environmental clearance application fee
BTN
30,000
Environmental clearance fee
BTN
500
Environmental clearance application fee
BTN
5,000
Environmental clearance fee
BTN
500
Environmental clearance application fee
BTN
20
per sq. ft.
BTN
50,000
Environmental Clearance fee
BTN
500
Environmental Clearance application fee
BTN
30,000
Environmental clearance fee
BTN
500
Environmental clearance application fee
BTN
5,000
Environmental clearance fee
BTN
500
Environmental clearance application fee
BTN
4,000
Business license fee
BTN
100
Booklet fee
BTN
2,000
Business license fee
BTN
100
Booklet fee
Comments about costs
New ticket
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):
87 d
279 d
of which
:
Waiting time in queue (sum):
5mn
4h. 35mn
Attention at counter:
1h. 25mn
6h. 25mn
Waiting time until next step (sum):
87 d
279 d
Comments about timeframe
New ticket
Legal justification?
The regulations which justify the procedure and its content
Companies Act of Bhutan 2016
Chapter 5, Sections 38-43
Section 16
Environmental Assessment Act, 2000
Chapter II
articles 8, 9, 10, 35.3
Evidence Act of Bhutan, 2005
Section 35(c)
FDI Rules and Regulations 2012 (Amended Dec 13, 2014)
Schedule VI, 2 (ii,e)
articles 19, 20, 21
Fee schedules to cover the cost of administering the environmental assessment act 2000
Article 5
Foreign Direct Investment (FDI) Policy, 2010 (Amended on July 18, 2014)
articles 3.7, 5.7, 6.1, 6.2
Foreign Exchange Regulations of Bhutan, 2013
Article 48
Forest and Nature Conservation Rules and Regulations of Bhutan, 2017
articles 15, 16, 17, 18
General Guidelines for Industrial and Commercial Ventures in Bhutan, 1997
Annex II
Immigration Rules and Regulations of Bhutan 2012
Article 63
Income Tax Act of the Kingdom of Bhutan 2001
Part II, Chapter 6, Section 14
Public Finance Act of Bhutan 2007
articles 171, 172
Regulation for the Environmental Clearance for Projects 2006
Article 31
Rules and Regulations for establishment and operation of industrial and commercial ventures in Bhutan, 1995
Rules 1, 29
Rules and Regulations for Lease of Government Reserved Forest Land & Government Land 2009
Annex C- 9, 11(a)
Article 43
Rules and regulations for lease of government reserved forest land and government land
articles 9, 11(a)
Rules on the Income Tax Act of the Kingdom of Bhutan 2001
Part II, Rule 3
The Immigration Act of Kingdom of Bhutan, 2007
Chapter 6 , Section 43 (e) , Article 43
The Land Act of Bhutan 2007
Sections 306-310
Sections 184-188, 306 , articles 309, 310
Comments about laws
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