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Steps (49) 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  (4) expand_more expand_less
Obtain FDI registration certificate  (3) expand_more expand_less
Obtain business guest visa clearance  (6) expand_more expand_less
Register company  (3) expand_more expand_less
Obtain letter of intent  (2) expand_more expand_less
Obtain land use approval from geog 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  (3) 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
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Summary of the procedure

Institutions involved 13 expand_more expand_less

Any post office or local stationery shop
Ministry of Economic Affairs, Department of Industry (x 13)
Ministry of Economic Affairs, Secretariat
Ministry of Home and Cultural Affairs, Department of Immigration (x 4)
Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu
Any relevant agency (x 3)
Any Concerned Geog Administration Office (x 2)
Any licensed architect/ engineer or architectural/ engineering firm
District Administration, Sarpang (x 10)
Ministry of Agriculture and Forests, DoFPS, Territorial Forest Division, Sarpang (x 2)
Ministry of Economic Affairs, Regional Trade and Industry Office, Gelephu
Royal Monetary Authority (x 2)
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd (x 2)

Results 5 expand_more expand_less

Foreign direct investment registration certificate
Certificate of incorporation
Project approval
Business license
Tax payer number

Required Documents expand_more expand_less

Company profile of domestic partner
Proof of financial capability of domestic partner
Business guest visa application form
Visa application form
Visa request letter
Trade/ Industry license
Passport of foreign investor
Itinerary for visiting guests (x 2)
Consent letter from parent company (x 2)
FDI registration certificate (x 2)
Recommendation letter from MoEA 
Business guest visa application form
Visa application form
Passport of foreign investor
Visa fee payment notification
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)
Security clearance certificate
Covering letter
Application form to lease GRF land for business activity - DA-1
Location map (x 2)
Assessment report by the assessment team
Assessment report by the geog administration
Letter of intent from relevant agency
Land use approval from geog administration (x 2)
Application form to lease GRF land for business activity - Form IE-1
Forestry clearance letter
Initial environment examination (IEE) - General
Forestry clearance (x 2)
Sector clearance
Cover letter for EC
Payment receipt
Environmental clearance for land
Certificate of clearance/ land lease approval
Land lease agreement
Certificate of incorporation (x 3)
Project approval
Undertaking form
Application form - FCA - III
Current account opening form (BNB)
Business license (x 2)
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)
Promoter's details
Percentage shareholding of partners
CV of foreign investor (x 2)
Passports of all foreign investors (x 2)
Tax return of foreign investors
Certificate of incorporation of the foreign investor company (x 2)
Board of Directors'/shareholder's resolution of the foreign investing company (x 2)
Audited accounts of foreign investing company
Articles of incorporation of the foreign investor company

Cost BTN  104,490 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

Estimate your cost

BTN 170 -
BTN  10 per legal stamp
BTN 2,000
BTN 2,500
BTN 7,000
BTN 5,000
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 4,000
Business license fee for authorized share capital above BTN 100 m
BTN 100
Booklet fee
BTN 100
Booklet fee
BTN 100
Booklet fee

Total Duration 52 d - 145 d expand_more expand_less

  Min. Max.
Total time (sum): 52 d 145 d
of which:
Waiting time in queue (sum): 5mn 5h. 20mn
Attention at counter: 1h. 15mn 6h.
Waiting time until next step (sum): 52 d 144 d

Laws 17 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 Rules and Regulations 2012 FDI Rules and Regulations 2012 (Amended Dec 13, 2014) Schedule VI, 2 (ii,e)
  articles 19, 20, 21 (ii) a, 21, c
Foreign Direct Investment (FDI) Policy, 2010 Foreign Direct Investment (FDI) Policy, 2010 (Amended on July 18, 2014)
  articles 3.7, 3.6, 5.10, 5.7, 5.1, 6.1, 6.2
Foreign Exchange Regulations of Bhutan, 1997 Foreign Exchange Regulations of Bhutan, 2013
  Article 48
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
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
Regulation for the Environmental Clearance for Projects 2006 Regulation for the Environmental Clearance for Projects 2006 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 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 Sections 306-310
  Sections 184-188, 306 ,  articles 309, 310
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