1. Foreign investment
  2. Sarpang
  3. With land inside municipality
  4. On govt. land with environmental clearance
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Steps (38) 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
Obtain business guest visa clearance  (6) expand_more expand_less
Register company  (3) expand_more expand_less
Obtain location map  (1) expand_more expand_less
Sign land lease agreement  (4) expand_more expand_less
Obtain project approval  (6) 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
37 Request tax payer number
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38 Obtain tax payer number
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Summary of the procedure

Institutions involved 12 expand_more expand_less

Any post office or local stationery shop
3
Ministry of Economic Affairs, Department of Industry (x 11)
4 5 7 8 9 10 16 18 24 28 29
Ministry of Economic Affairs, Secretariat
11
Ministry of Home and Cultural Affairs, Department of Immigration (x 4)
12 13 14 15
Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu
17
Any licensed architect/ engineer or architectural/ engineering firm
19
City Corporation, Gelephu (x 4)
20 21 22 23
Delegated competent authority for environmental clearance (x 2)
25 27
Revenue section of the competent authority
26
Ministry of Economic Affairs, Regional Trade and Industry Office, Gelephu
32
Royal Monetary Authority (x 2)
33 34
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd (x 2)
35 36

Results 6 expand_more expand_less

Name clearance
5
Foreign direct investment registration certificate
9
Certificate of incorporation
18
Project approval
29
Business license
32
Tax payer number
38

Required Documents
Individual investor Corporate investor
expand_more expand_less

Company profile of domestic partner
7
Proof of financial capability of domestic partner
7
Business guest visa application form
10
Visa application form
10
Visa request letter
10
Legal stamp (x 4)
10 16 35 36
Trade/ Industry license
10
Passport of foreign investor
10
Itinerary for visiting guests (x 2)
10 12
Consent letter from parent company (x 2)
10 12
FDI registration certificate (x 2)
12 33
Recommendation letter from MoEA 
12
Business guest visa application form
12
Visa application form
12
Passport of foreign investor
12
Visa fee payment notification
13
Articles of incorporation (for private company)
16
Consent to act as director
16
Declaration of compliance
16
Foreign direct investment registration certificate
16
List of names and addresses of the first Directors and CEO of the company
16
Joint venture agreement between the investors /shareholders
16
Citizenship identity card (x 3)
16 35 37
Security clearance certificate
16
Notification for payment
17
Payment receipt
18
Location map
20
Business proposal
20
Legal stamps
22
Lease rental payment invoice
23
Business plan (x 2)
24 30
Land lease agreement
24
Initial environmental examination (IEE) - Industry
25
Environmental clearance payment notification
26
Payment receipt
27
Certificate of incorporation (x 3)
30 35 37
Project approval
30
Undertaking form
30
Application form - FCA - III
33
Current account opening form (BNB)
35
Business license (x 2)
35 37
Board resolution of the company to open account in the bank
35
A letter with additional signatories details and documents
35
Approval for FC account
36
Current account number (x 2)
36 37
Promoter's details
37
Percentage shareholding of partners
37
CV of foreign investor (x 2)
7 16
Passports of all foreign investors (x 2)
7 16
Tax return of foreign investors
7
Certificate of incorporation of the foreign investor company (x 2)
7 16
Board of Directors'/shareholder's resolution of the foreign investing company (x 2)
7 16
Audited accounts of foreign investing company
7
Articles of incorporation of the foreign investor company
16

Cost BTN  102,470 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
17 mode_edit
BTN 2,500
BTN 7,000
BTN 5,000
BTN 0
20/sqft
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 100
Booklet fee
BTN 100
Booklet fee
BTN 100
Booklet fee

Total Duration 45 d - 146 d expand_more expand_less

  Min. Max.
Total time (sum): 45 d 146 d
of which:
Waiting time in queue (sum): 5mn 5h. 10mn
Attention at counter: 1h. 10mn 5h. 10mn
Waiting time until next step (sum): 45 d 146 d

Laws 15 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 Section 35 (sub-section 35.3) and section 63
  Article 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
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, 3.6, 5.7, 5.1, 6.1, 6.2
Foreign Exchange Regulations of Bhutan, 1997 Foreign Exchange Regulations of Bhutan, 2013
  Article 48
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
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 Annex 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 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
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