1. Foreign Investment (Company Creation)
  2. Zhemgang
  3. On govt. land > with environmental clearance
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Steps (47) arrow_drop_up arrow_drop_down
Obtain security clearance (local partner)  (2) expand_more expand_less
Purchase legal stamps (local partner)  (1) expand_more expand_less
Obtain company name clearance  (3) expand_more expand_less
Obtain FDI registration certificate  (3) expand_more expand_less
Register company  (3) expand_more expand_less
Obtain letter of interest  (2) expand_more expand_less
Obtain land use approval from gewog administration  (2) expand_more expand_less
Obtain location map  (1) expand_more expand_less
Obtain land lease approval  (12) expand_more expand_less
Sign land lease agreement  (1) expand_more expand_less
Obtain project approval  (7) expand_more expand_less
Obtain business license  (3) expand_more expand_less
Open bank account  (5) expand_more expand_less
Obtain tax payer number  (2) expand_more expand_less
46 Request tax payer number
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47 Obtain tax payer number
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Summary of the procedure

Institutions involved 14 expand_more expand_less

Any post office or local stationery shop
3
Ministry of Economic Affairs, Department of Industry (x 11)
4 5 6 7 8 9 10 11 31 36 37
Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu
12
Any relevant agency (x 3)
13 14 30
Any Concerned Gewog Administration Office (x 2)
15 16
Any licensed architect/ engineer or architectural/ engineering firm
17
District Administration, Zhemgang (x 9)
18 19 21 22 24 25 26 28 29
Ministry of Agriculture and Forests, DoFPS,Territorial Forest Division, Zhemgang (x 2)
20 23
District Administration, Gasa
27
Delegated competent authority for environmental clearance (x 3)
32 33 35
Revenue section of the competent authority
34
Ministry of Economic Affairs, Regional Trade and Industry Office, Trongsa (x 3)
38 39 40
Royal Monetary Authority (x 3)
41 42 43
Any commercial bank in Bhutan (x 2)
44 45

Results 5 expand_more expand_less

Foreign direct investment registration certificate
9
Certificate of incorporation
12
Project approval
37
Business license
40
Tax payer number
47

Required Documents
Individual investor Corporate investor
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Citizenship identity card (x 4)
4 10 44 46
Security clearance certificate (x 2)
4 10
Passports of all foreign investors
4
Company profile of domestic partner
7
Proof of financial capability of domestic partner
7
Foreign direct investment registration certificate
10
Joint venture agreement between the investors /shareholders
10
Covering letter
13
Business proposal (x 5)
13 15 18 24 31
Application form to lease GRF land for business activity - DA-1
15
Location map (x 2)
15 18
Assessment report by the assessment team
18
Assessment report by the gewog administration
18
Letter of interest (DoI)
18
Land use approval from geog administration (x 2)
18 24
Application form to lease GRF land for business activity - Form IE-1
18
Forestry clearance letter
20
Initial environment examination (IEE) - General
24
Forestry clearance (x 2)
24 28
Sector clearance
24
Cover letter for EC
24
Payment receipt
26
Environmental clearance for land
28
Certificate of clearance/ land lease approval
30
Legal stamp (x 3)
30 44 45
Land lease agreement
31
Initial environmental examination (IEE) - Industry
33
Environmental clearance payment notification
34
Payment receipt
35
Certificate of incorporation (x 3)
38 44 46
Application form - FCA - III
41
FDI registration certificate
41
Current account opening form
44
Business license (x 2)
44 46
Board resolution of the company to open account in the bank
44
A letter with additional signatories details and documents
44
Approval for FC account
45
Current account number (x 2)
45 46
Promoter's details
46
Percentage shareholding of partners
46
CV of foreign investor (x 2)
7 10
Passports of all foreign investors (x 2)
7 10
Tax return of foreign investors
7
Certificate of incorporation of the foreign investor company (x 2)
7 10
Board of Directors'/shareholder's resolution of the foreign investing company (x 2)
7 10
Audited accounts of foreign investing company
7
Articles of incorporation of the foreign investor company
10

Estimated cost BTN  194,490

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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:

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BTN 170 -
BTN  10 per legal stamp
17 mode_edit
BTN 2,000
BTN 7,000
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 2,000
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 2,000
Environmental clearance fee
BTN 500
Environmental clearance application fee
BTN 4,000
Business license fee for authorized share capital above BTN 100 m
BTN 8,000
Registration fee
BTN 100
Booklet fee
BTN 4,000
Registration fee
BTN 100
Booklet fee
BTN 2,000
Registration fee
BTN 100
Booklet fee

Total Duration 71d - 204d  expand_more expand_less

  Min. Max.
Total time (sum): 71d 204d
of which:
Waiting time in queue (sum): 5mn 3h. 25mn
Attention at counter: 1h. 5mn 4h. 30mn
Waiting time until next step (sum): 71d 203d

Laws 20 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 5, Sections 38-43
Environmental Assessment Act, 2000 Environmental Assessment Act, 2000 Chapter II
  articles 8, 9, 10, 35.3
Evidence Act of Bhutan, 2005 Evidence Act of Bhutan, 2005 Section 35(c)
FDI application guidelines FDI application guidelines 2019
  Article 1
FDI regulations 2019 FDI Regulations 2019
  articles 15, 56, 59, 70, 71-74
FDI Rules and Regulations 2012 FDI Rules and Regulations 2012 (Amended Dec 13, 2014) See also Annex 1 for guidelines on preparation of business plan
  articles 21 (ii) a, c
Fee schedules to cover the cost of administering the environmental assessment act 2000 Fee schedules to cover the cost of administering the environmental assessment act 2000
  Article 5
Foreign Direct Investment (FDI) Policy, 2010 Foreign Direct Investment (FDI) Policy, 2010 (Amended on July 18, 2014)
  articles 3.7, 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 2018 Foreign Exchange Rules and Regulations 2018 40, 44-a(vi)
Forest and Nature Conservation Rules and Regulations of Bhutan, 2017 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 General Guidelines for Industrial and Commercial Ventures in Bhutan, 1997
  Article 2.4
Income Tax Act of the Kingdom of Bhutan 2001 Income Tax Act of the Kingdom of Bhutan 2001 Part II, Chapter 6, Section 14
Land Lease Rules and Regulations 2018 Land Lease Rules and Regulations 2018
  Article 178-185
Regulation for the Environmental Clearance for Projects 2006 Regulation for the Environmental Clearance for Projects 2016 Chapter II
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 and Regulations for Lease of Government Reserved Forest Land & Government Land 2009 Rules and Regulations for Lease of Government Reserved Forest Land & Government Land 2009 Annex C- 9, 11(a)
  articles 43, 94
Rules and regulations for lease of government reserved forest land and government land 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 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 Sections 306-310
  Sections 184-188, 306 ,  articles 309, 310
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