1. Foreign investment
  2. Sarpang
  3. Inside municipality
  4. On govt. land with environmental clearance
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Steps (33) 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  (2) 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  (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
32 Request tax payer number
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33 Obtain tax payer number
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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 Economic Affairs, Department of Industry (x 10)
4 5 6 7 8 9 10 17 22 23
Ministry of Economic Affairs, Regional Office of Economic Affairs, Thimphu
11
Any licensed architect/ engineer or architectural/ engineering firm
12
City Corporation, Gelephu (x 4)
13 14 15 16
Delegated competent authority for environmental clearance (x 3)
18 19 21
Revenue section of the competent authority
20
Ministry of Economic Affairs, Regional Trade and Industry Office, Gelephu
26
Royal Monetary Authority (x 3)
27 28 29
Any commercial bank in Bhutan (x 2)
30 31

Results 5 expand_more expand_less

Foreign direct investment registration certificate
8
Certificate of incorporation
11
Project approval
23
Business license
26
Tax payer number
33

Required Documents
Individual investor Corporate investor
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Citizenship identity card (x 4)
4 9 30 32
Security clearance certificate (x 2)
4 9
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
9
Joint venture agreement between the investors /shareholders
9
Location map
13
Business proposal
13
Legal stamps
15
Lease rental payment invoice
16
Business proposal
17
Land lease agreement (Thromde)
17
Initial environmental examination (IEE) - Industry
19
Environmental clearance payment notification
20
Payment receipt
21
Certificate of incorporation (x 3)
24 30 32
Undertaking form
24
Application form - FCA - III
27
FDI registration certificate
27
Current account opening form
30
Business license (x 2)
30 32
Legal stamp (x 2)
30 31
Board resolution of the company to open account in the bank
30
A letter with additional signatories details and documents
30
Approval for FC account
31
Current account number (x 2)
31 32
Promoter's details
32
Percentage shareholding of partners
32
CV of foreign investor (x 2)
7 9
Passports of all foreign investors (x 2)
7 9
Tax return of foreign investors for the last financial year
7
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 investor company
9

Estimated cost BTN  108,970

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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
Name clearance fee
BTN 5,000
for private company
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 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 49d - 167d  expand_more expand_less

  Min. Max.
Total time (sum): 49d 167d
of which:
Waiting time in queue (sum): 5mn 2h. 40mn
Attention at counter: 45mn 2h. 40mn
Waiting time until next step (sum): 49d 166d

Laws 16 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 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)
  Article 3.7
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)
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 II, Chapter 6, Section 14
Regulation for the Environmental Clearance for Projects 2006 Regulation for the Environmental Clearance for Projects 2016 Annex 1
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
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