1. Foreign investment
  2. Sarpang
  3. With land inside municipality
  4. On govt. land with environmental clearance
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Steps (41) 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
Register company  (3) expand_more expand_less
Obtain business guest visa  (7) 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
40 Request tax payer number
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41 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 12)
4 5 6 7 8 9 10 11 13 25 30 31
Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu
12
Ministry of Economic Affairs, Secretariat (x 2)
14 15
Ministry of Home and Cultural Affairs, Department of Immigration (x 4)
16 17 18 19
Any licensed architect/ engineer or architectural/ engineering firm
20
City Corporation, Gelephu (x 4)
21 22 23 24
Delegated competent authority for environmental clearance (x 3)
26 27 29
Revenue section of the competent authority
28
Ministry of Economic Affairs, Regional Trade and Industry Office, Gelephu
34
Royal Monetary Authority (x 3)
35 36 37
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd (x 2)
38 39

Results 5 expand_more expand_less

Foreign direct investment registration certificate
9
Certificate of incorporation
12
Project approval
31
Business license
34
Tax payer number
41

Required Documents
Individual investor Corporate investor
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Company profile of domestic partner
7
Proof of financial capability of domestic partner
7
Foreign direct investment registration certificate
10
Joint venture agreement between the investors /shareholders
10
Citizenship identity card number (x 3)
10 38 40
Security clearance certificate
10
FDI registration certificate (x 3)
13 16 35
Business guest visa application form
13
Visa application form
13
Visa request letter
13
Legal stamp (x 3)
13 38 39
Business license
13
Passport of foreign investor
13
Itinerary for visiting guests (x 2)
13 16
Consent letter from parent company (x 2)
13 16
Recommendation letter from MoEA 
16
Business guest visa application form
16
Visa application form
16
Passport of foreign investor
16
Visa fee payment notification
17
Location map
21
Business proposal
21
Legal stamps
23
Lease rental payment invoice
24
Business plan
25
Land lease agreement
25
Initial environmental examination (IEE) - Industry
27
Environmental clearance payment notification
28
Payment receipt
29
Certificate of incorporation (x 3)
32 38 40
Undertaking form
32
Application form - FCA - III
35
Current account opening form (BNB)
38
Business license (x 2)
38 40
Board resolution of the company to open account in the bank
38
A letter with additional signatories details and documents
38
Approval for FC account
39
Current account number (x 2)
39 40
Promoter's details
40
Percentage shareholding of partners
40
CV of foreign investor (x 2)
7 10
Passports of all foreign investors (x 2)
7 10
Tax return of foreign investors
7
Certificate of incorporation of the foreign investor company (x 2)
7 10
Board of Directors'/shareholder's resolution of the foreign investing company (x 2)
7 10
Audited accounts of foreign investing company
7
Articles of incorporation of the foreign investor company
10

Estimated cost BTN  113,470

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USD expand_more expand_less
  • USD 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
BTN 7,000
BTN 2,500
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 52 d - 181 d expand_more expand_less

  Min. Max.
Total time (sum): 52 d 181 d
of which:
Waiting time in queue (sum): 5mn 4h. 30mn
Attention at counter: 55mn 3h. 55mn
Waiting time until next step (sum): 52 d 181 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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