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Steps (47) 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 letter of interest  (2) expand_more expand_less
Obtain land use approval from gewog administration  (2) expand_more expand_less
Obtain location map  (1) expand_more expand_less
Obtain land lease approval  (12) expand_more expand_less
Sign land lease agreement  (1) 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
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41
Request approval for FC account
(last modified: 09/03/2020)

Timeframe ( see details )

Wait until next step

0 mn  -  10 mn
1 day  -  2 days

Contact details

Entity in charge

Royal Monetary Authority

Dechen Lam , Thimphu
Tel: +975 2 323 111
Fax: +975 2 322 847
Email: webmaster@rma.org.bt
Website: http://www.rma.org.bt

Unit in charge

Foreign Exchange Department, RMA

Mon: 09:00 - 01:00, 02:00 - 05:00
Tue: 09:00 - 01:00, 02:00 - 05:00
Wed: 09:00 - 01:00, 02:00 - 05:00
Thu: 09:00 - 01:00, 02:00 - 05:00
Fri: 09:00 - 01:00, 02:00 - 05:00

Person in charge

Damcho Dema

Assistant Forex Officer
Tel: +975 2 323 111
Email: damchodema@rma.org.bt

Expected results

Appointment

Requirements

1. Application form - FCA - III
Application form - FCA - III (original)
2. 01 - Libre deuda de patente
FDI registration certificate (Simple copy)

Time frame

Waiting time in queue: Max.  5mn
Attention at counter: Max.   5mn
Waiting time until next step: Min.   1 day - Max.   2 days

Legal justification

1. Foreign Exchange Rules and Regulations 2018
Foreign Exchange Rules and Regulations 2018 40, 44-a(vi)
2. Foreign Direct Investment Policy 2019
Foreign Direct Investment Policy 2019
articles 5.1, 11(i)

Additional information

Additional documents may be required depending on the type of business. For example: a copy of license from Department of Civil Aviation is required in case of Airlines

Recourse: Royal Monetary Authority

Entity in charge

Royal Monetary Authority

Dechen Lam , Thimphu
Tel: +975 2 323 111
Fax: +975 2 322 847
Email: webmaster@rma.org.bt
Website: http://www.rma.org.bt

Unit in charge

Foreign Exchange Department, RMA

Mon: 09:00 - 01:00, 02:00 - 05:00
Tue: 09:00 - 01:00, 02:00 - 05:00
Wed: 09:00 - 01:00, 02:00 - 05:00
Thu: 09:00 - 01:00, 02:00 - 05:00
Fri: 09:00 - 01:00, 02:00 - 05:00

Person in charge

Dechen Pelzom

Executive Director
Tel: +975 2 323 111
Email: dechenpelzom@rma.gov.bt
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