1. Foreign investment
  2. Gasa
  3. Simple office rental
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Properties

Steps (31) arrow_drop_up arrow_drop_down
Purchase legal stamps  (1) expand_more expand_less
Obtain security clearance  (2) expand_more expand_less
Obtain name clearance  (1) expand_more expand_less
Sign MoU on office lease  (1) expand_more expand_less
Obtain FDI registration certificate  (3) expand_more expand_less
Obtain business guest visa clearance  (4) expand_more expand_less
Obtain location clearance  (4) expand_more expand_less
Register company  (3) expand_more expand_less
Obtain project approval  (3) 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
30 Request tax payer number
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31 Obtain tax payer number
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Summary of the procedure

Institutions involved 9 expand_more expand_less

Any post office or local stationery shop
1
Ministry of Economic Affairs, Department of Industry (x 10)
4 6 7 8 9 17 19 20 21 22
Any building owner/ institution
5
Ministry of Economic Affairs, Secretariat
10
Ministry of Home and Cultural Affairs, Department of Immigration (x 2)
11 12
District Administration, Gasa (x 4)
13 14 15 16
Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu
25
Royal Monetary Authority (x 2)
26 27
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd (x 2)
28 29

Results 4 expand_more expand_less

Foreign direct investment registration certificate
8
Certificate of incorporation
19
Project approval
22
Tax payer number
31

Required Documents
Individual investor Corporate investor
expand_more expand_less

Name clearance form
4
Legal stamp (x 6)
4 5 9 17 28 29
Passport of all foreign investors
4
Security clearance certificate (x 2)
4 17
Citizenship identity card of investor (x 4)
4 17 28 30
Company profile of domestic partner
6
Proof of financial capability of domestic partner
6
Business guest visa application form
9
Visa application form
9
Trade/ Industry license
9
Passport of foreign investor
9
Visa request letter
9
Itinerary for visiting guests (x 2)
9 11
Consent letter from parent company
9
FDI registration certificate (x 2)
11 26
Recommendation letter from MoEA 
11
Business guest visa application form (verified by Human Resource Division, MoEA)
11
Visa application form (verified by Human Resource Division, MoEA)
11
Passport of foreign investor
11
Application form for industry license
13
Legal stamps
13
Consent letter from building owners
13
Occupancy certificate
13
Articles of incorporation
17
Consent to act as director
17
Declaration of compliance
17
Foreign direct investment registration certificate
17
List of names and addresses of the first Directors and CEO of the company
17
Joint venture agreement between the investors /shareholders
17
Notification for payment
18
Payment receipt
19
Location clearance
20
Business plan (x 2)
20 23
Certificate of incorporation (x 3)
23 28 30
Project approval
23
Application form - FCA - III
26
Current account opening form (BNB)
28
Business license (x 2)
28 30
Board resolution of the company to open account in the bank
28
A letter with additional signatories details and documents
28
Approval for FC account
29
Current account number (x 2)
29 30
Promoter's details
30
Percentage shareholding of partners
30
CV of foreign investor (x 2)
6 17
Passport of foreign investor
6
Tax return of foreign investors
6
Passport of all foreign investors
17
Certificate of incorporation of the foreign investor company (x 2)
6 17
Board of Directors'/shareholder's resolution of the foreign investing company (x 2)
6 17
Audited accounts of foreign investing company
6
Articles of incorporation of the foreign investor company
17

Cost BTN  21,390 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 90 -
BTN  10 per legal stamp
9 mode_edit
BTN 8,000
Business registration fee for authorized share capital above BTN 100m
BTN 4,000
Business registration fee for authorized share capital between BTN 10m to BTN 100m
BTN 2,000
Business registration fee for authorized share capital between BTN 1m to BTN 10m
BTN 4,000
Business license fee for authorized share capital above BTN 100 m
BTN 100
Booklet fee
BTN 2,000
Business license fee for authorized share capital between BTN 10m to 100m
BTN 100
Booklet fee
BTN 1,000
Business license fee for authorized share capital between BTN 1m to 10m
BTN 100
Booklet fee

Total Duration 18 d - 74 d expand_more expand_less

  Min. Max.
Total time (sum): 18 d 74 d
of which:
Waiting time in queue (sum): 5mn 3h. 25mn
Attention at counter: 45mn 3h. 40mn
Waiting time until next step (sum): 18 d 73 d

Laws 13 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 5, Sections 38-43
Cottage and Small Industry Policy 2012 Cottage and Small Industry Policy 2012 Chapter 5
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
Foreign Direct Investment (FDI) Policy, 2010 Foreign Direct Investment (FDI) Policy, 2010 (Amended on July 18, 2014)
  articles 3.6, 3.7, 5.7, 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
  articles 2.4, icle 4.1(iii)
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
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
The Tenancy Act of the Kingdom of Bhutan 2004 The Tenancy Act of the Kingdom of Bhutan 2004
  Section  6.1
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