1. Foreign investment
  2. Sarpang
  3. Inside municipality
  4. On govt. land with environmental clearance
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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
Obtain FDI registration certificate  (2) expand_more expand_less
Company registration  (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
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 11 expand_more expand_less

Any post office or local stationery shop
3
Ministry of Industry, Commerce and Employment (MoICE), Department of Industry (x 4)
4 5 14 19
Ministry of Energy and Natural Resources, Secretariat Office. (x 2)
6 7
Ministry of Energy and Natural Resources, Secretariat Office.
Ministry of Industry, Commerce & Employment, Regional Office of MoICE, Thimphu
8
Any licensed architect/ engineer or architectural/ engineering firm
9
Thromde, Gelephu (x 4)
10 11 12 13
Delegated competent authority for environmental clearance (x 3)
15 16 18
Revenue section of the competent authority
17
Ministry of Industry, Commerce & Employment, Regional Office of MoICE, Gelephu
22
Royal Monetary Authority (x 3)
23 24 25
Any commercial bank in Bhutan (x 2)
26 27

Results 5 expand_more expand_less

Foreign Direct Investment Registration Certificate
5
Certificate of incorporation
8
Project approval
19
Business license
22
Tax payer number
29

Required Documents
Individual investor Corporate investor
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Company profile of domestic partner
4
Proof of financial capability of domestic partner
4
Foreign Direct Investment Registration Certificate
6
Joint venture agreement between the investors /shareholders
6
Valid Security clearance
6
Location map
10
Business proposal
10
Legal stamps
12
Lease rental payment invoice
13
Business proposal
14
Land lease agreement (Thromde)
14
Initial environmental examination (IEE) - Industry
16
Environmental clearance payment notification
17
Payment receipt
18
Certificate of incorporation (x 3)
20 26 28
Undertaking form
20
Application form - FCA - III
23
FDI registration certificate
23
Current account opening form
26
Business license (x 2)
26 28
Legal stamp (x 2)
26 27
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 (x 2)
27 28
Promoter's details
28
Percentage shareholding of partners
28
CV of foreign investor (x 2)
4 6
Notarized Passport (x 2)
4 6
Tax return of foreign investors for the last financial year
4
Notarized copy of Certificate of incorporation of the foreign investing company (x 2)
4 6
Shareholder's resolution of the foreign investing company (x 2)
4 6
Audited accounts of foreign investing company for the last financial year
4
Articles of incorporation of the foreign investing company
6

Estimated cost BTN  75,860

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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

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BTN 60 -
BTN  10 per 
legal stamp
6 mode_edit
BTN 7,000
for public company
BTN 0
20/sqft
BTN 50,000
Environmental Clearance fee for large scale industry
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 - 151d  expand_more expand_less

  Min. Max.
Total time (sum): 49d 151d
of which:
Waiting time in queue (sum): 5mn 2h. 20mn
Attention at counter: 40mn 2h. 20mn
Waiting time until next step (sum): 49d 150d

Laws 15 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 4, Section 30
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 regulations 2019 FDI Regulations 2019
  articles 15, 56, 59, 70, 71-74
FDI Regulations 2019 FDI Regulations 2019 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 (Amended on July 18, 2014) Foreign Direct Investment Policy 2019
  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 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 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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