1. Foreign investment
  2. Thimphu
  3. Inside Municipality
  4. On govt. land > with environmental clearance
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Properties

Preview & Print

Properties

Steps (29) arrow_drop_up arrow_drop_down
Security clearance (local partner)  (2) expand_more expand_less
Legal stamps (local partner)  (1) expand_more expand_less
Company name clearance  (3) expand_more expand_less
FDI registration certificate  (2) expand_more expand_less
Company registration  (3) expand_more expand_less
Location map  (1) expand_more expand_less
Sign land lease agreement  (5) expand_more expand_less
Project approval  (2) expand_more expand_less
Business license  (3) expand_more expand_less
Foreign currency account  (5) expand_more expand_less
Tax payer number  (2) expand_more expand_less
28 Request tax payer number
language
29 Obtain tax payer number
language
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Summary of the procedure

Institutions involved 10 expand_more expand_less

Any post office or local stationery shop
3
Ministry of Industry, Commerce & Employment, Secretariat Office. (x 6)
4 5 6 9 10 11
Ministry of Industry, Commerce & Employment, Secretariat Office.
Ministry of Industry, Commerce and Employment (MoICE), Department of Industry (x 4)
7 8 18 19
Any licensed architect/ engineer or architectural/ engineering firm
12
Thimphu Thromde (x 5)
13 14 15 16 17
Ministry of Industry, Commerce & Employment, Department of Industry (x 2)
20 22
Ministry of Industry, Commerce & Employment, Department of Industry
Ministry of Industry, Commerce & Employment, Regional Office of MoICE, Thimphu
21
Royal Monetary Authority (x 3)
23 24 25
Any commercial bank in Bhutan (x 2)
26 27
Regional Revenue and Customs Office, Thimphu (x 2)
28 29

Results 3 expand_more expand_less

Foreign Direct Investment Registration Certificate
8
Certificate of incorporation
11
Tax payer number
29

Required Documents
Individual investor Corporate investor
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Valid Security clearance (x 2)
4 9
Notarized Passport
4
Company profile of domestic partner
7
Proof of financial capability of domestic partner
7
Documents establishing title and the valuation of land
7
Audited Final Accounts of the existing entity for the last financial year
7
Foreign Direct Investment Registration Certificate
9
Joint venture agreement between the investors /shareholders
9
Application form for lease of state land - Form SL-1
13
Business proposal (x 2)
13 18
Location map
13
Legal stamp (x 3)
13 26 27
Legal stamps
16
Lease rental payment invoice
17
Location clearance
18
Certificate of incorporation (x 3)
20 26 28
Project approval (FDI) XXX
20
Application form - FCA - III
23
FDI registration certificate
23
Current account opening form
26
Business license (x 2)
26 28
Board resolution of the company to open account in the bank
26
A letter with additional signatories details and documents
26
Approval for FC account
27
Current account number
27
Promoter's details
28
Percentage shareholding of partners
28
Reference number for TPN
29
CV of Investor (In PDF format)
4
CV of foreign investor (x 2)
7 9
Notarized Passport (x 2)
7 9
Tax return of foreign investors for the last financial year
7
Tax return/audited accounts of the founder/promoter in the case of Special Purpose Vehicle
7
The profile of the foreign company (in PDF format)
4
Notarized copy of Certificate of incorporation of the foreign investing company (x 2)
7 9
Shareholder's resolution of the foreign investing company (x 2)
7 9
Audited accounts of foreign investing company for the last financial year
7
Articles of incorporation of the foreign investing company
9

Estimated cost BTN  21,460

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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:

Cost detail

Estimate your cost

BTN 60 -
BTN  10 per 
legal stamp
6 mode_edit
BTN 2,000
Name reservation fee
BTN 7,000
for public company
BTN 400 -
BTN  20 per sqft
20/sqft
20 mode_edit
BTN 4,000
Business license fee for authorized share capital above BTN 100 m for large scale industry
BTN 8,000
Registration fee for large scale industry

Total Duration 19d - 59d  expand_more expand_less

  Min. Max.
Total time (sum): 19d 59d
of which:
Waiting time in queue (sum): 5mn 1h. 10mn
Attention at counter: 20mn 1h. 5mn
Waiting time until next step (sum): 19d 58d

Laws 16 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 5, Sections 38-43
Evidence Act of Bhutan, 2005 Evidence Act of Bhutan, 2005 Section 35(c)
FDI application guidelines FDI application guidelines 2019
  Article 1
FDI Guidelines 2019 FDI Guidelines 2019
  Article Annexure II
FDI regulations 2019 FDI Regulations 2019
  articles 15, 53, 56, 59, 70, 71-74, 75
FDI Regulations 2019 FDI Regulations 2019 Schedule VI, Article 2(iv)
Foreign Direct Investment Policy 2019 Foreign Direct Investment Policy 2019
  articles 3.6, 3.7, 5.1, 5.8, 6.1, 6.2, 11 (i)
Foreign Exchange Rules and Regulations 2022 Foreign Exchange Rules and Regulations 2022 40, 44-a(vi)
GENERAL GUIDELINES FOR INDUSTRIAL AND COMMERCIAL VENTURES IN BHUTAN, 1997 General Guidelines for Industrial and Commercial Ventures in Bhutan, 1997
  Article 2.4
Government land lease rules and procedures Government land lease rules and procedures
Income Tax Act of the Kingdom of Bhutan 2001 Income Tax Act of the Kingdom of Bhutan 2001 Part I, Chapter 10, Section 47 and Part II, Chapter 4, Section 16
Land Lease Rules and Regulations 2018 Land Lease Rules and Regulations 2018
  articles 3, 55-63, 178-185
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
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 Annexure (1), Annexure (5)
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 I, Rule 6.1 and Part II, Rule # 3 (3.1)
The Land Act of Bhutan 2007 The Land Act of Bhutan 2007
  Article 309
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