1. Foreign investment
  2. Gasa
  3. Simple office rental
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Steps (34) 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
Obtain business guest visa clearance  (6) 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
33 Request tax payer number
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34 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
3
Ministry of Economic Affairs, Department of Industry (x 11)
4 5 7 8 9 10 20 22 23 24 25
Ministry of Economic Affairs, Secretariat
11
Ministry of Home and Cultural Affairs, Department of Immigration (x 4)
12 13 14 15
District Administration, Gasa (x 4)
16 17 18 19
Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu (x 4)
21 26 27 28
Royal Monetary Authority (x 2)
29 30
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd (x 2)
31 32
Regional Revenue and Customs Office, Thimphu (x 2)
33 34

Results 5 expand_more expand_less

Name clearance
5
Foreign direct investment registration certificate
9
Certificate of incorporation
22
Project approval
25
Tax payer number
34

Required Documents
Individual investor Corporate investor
expand_more expand_less

Company profile of domestic partner
7
Proof of financial capability of domestic partner
7
Business guest visa application form
10
Visa application form
10
Visa request letter
10
Legal stamp (x 4)
10 20 31 32
Trade/ Industry license
10
Passport of foreign investor
10
Itinerary for visiting guests (x 2)
10 12
Consent letter from parent company (x 2)
10 12
FDI registration certificate (x 2)
12 29
Recommendation letter from MoEA 
12
Business guest visa application form
12
Visa application form
12
Passport of foreign investor
12
Visa fee payment notification
13
Application form for industry license
16
Legal stamps
16
Consent letter from building owners
16
Occupancy certificate
16
Articles of incorporation (for private company)
20
Consent to act as director
20
Declaration of compliance
20
Foreign direct investment registration certificate
20
List of names and addresses of the first Directors and CEO of the company
20
Joint venture agreement between the investors /shareholders
20
Citizenship identity card (x 3)
20 31 33
Security clearance certificate
20
Notification for payment
21
Payment receipt
22
Location clearance
23
Business plan (x 2)
23 26
Certificate of incorporation (x 3)
26 31 33
Project approval
26
Application form - FCA - III
29
Current account opening form (BNB)
31
Business license (x 2)
31 33
Board resolution of the company to open account in the bank
31
A letter with additional signatories details and documents
31
Approval for FC account
32
Current account number (x 2)
32 33
Promoter's details
33
Percentage shareholding of partners
33
Reference number for TPN
34
CV of foreign investor (x 2)
7 20
Passport of foreign investor
7
Tax return of foreign investors
7
Passports of all foreign investors
20
Certificate of incorporation of the foreign investor company (x 2)
7 20
Board of Directors'/shareholder's resolution of the foreign investing company (x 2)
7 20
Audited accounts of foreign investing company
7
Articles of incorporation of the foreign investor company
20

Cost BTN  18,970 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 170 -
BTN  10 per legal stamp
17 mode_edit
BTN 2,500
BTN 7,000
BTN 5,000
BTN 4,000
Business license fee for authorized share capital above BTN 100 m
BTN 100
Booklet fee
BTN 100
Booklet fee
BTN 100
Booklet fee

Total Duration 22 d - 83 d expand_more expand_less

  Min. Max.
Total time (sum): 22 d 83 d
of which:
Waiting time in queue (sum): 5mn 4h. 45mn
Attention at counter: 50mn 4h. 15mn
Waiting time until next step (sum): 22 d 82 d

Laws 11 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 5, Sections 38-43
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 3.7, 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
  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
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