eRegulations Bhutan

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"Certification sheet" format

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Properties

Print the full procedure

Print selected step:

Include recourse information

"Certification sheet" format

Steps (34)

Security clearance (local partner) (2)

1 Request security clearance

2 Obtain security clearance

Company name clearance (3)

3 Request company name approval

4 Receive payment advice notification (by email)

5 Pay name clearance fee and obtain company name approval

Legal stamps (local partner) (1)

6 Purchase legal stamps

FDI registration certificate (2)

7 Request FDI registration certificate

8 Obtain FDI registration certificate

Company registration (3)

9 Request company registration

10 Receive payment advice notification (by email)

11 Pay registration fees and receive certificate of incorporation

Site layout plan and location map (1)

12 Obtain site layout plan and location map

Land use agreement (1)

13 Sign agreement on land use

Land use approval from gewog (2)

14 Request land use approval from Gewog

15 Collect land use approval from Gewog

Location clearance (2)

16 Request location clearance

17 Collect location clearance

Environmental clearance for activities requiring clearance from DoECC (5)

18 Request environmental clearance

19 Collect forwarding letter to DoECC

20 Pay clearance fees

21 Submit forwarding letter to DoECC

22 Collect application acknowledgment receipt

or Collect environmental clearance

Project approval (2)

23 Request project approval

24 Collect project approval

Business license (3)

25 Receive payment notification for business license via SMS

26 Pay license fees

27 Collect business license

Foreign currency account (5)

28 Request approval for FC account

29 Receive information to collect FC approval

30 Collect approval for FC Account

31 Open current bank account

32 Open foreign currency bank account

Tax payer number (2)

33 Request tax payer number

34 Obtain tax payer number

Summary of the procedure

Institutions involved 13

Ministry of Industry, Commerce & Employment, Secretariat Office. (x 6)

3 4 5 9 10 11

Any post office or local stationery shop

Ministry of Industry, Commerce and Employment (MoICE), Department of Industry (x 6)

7 8 18 19 23 24

Any licensed architect/ engineer or architectural/ engineering firm

Any building owner/ institution

Any Concerned Gewog Administration Office (x 2)

14 15

District Administration, Trongsa (x 2)

16 17

Ministry of Finance (MoF), Department of Revenue and Custom

Department of Environment and Climate Change (x 2)

21 22

Ministry of Industry, Commerce & Employment, Department of Industry (x 2)

25 27

Ministry of Industry, Commerce & Employment, Regional Office of MoICE, Thimphu

Royal Monetary Authority (x 3)

28 29 30

Any commercial bank in Bhutan (x 2)

31 32

Results 4

Foreign Direct Investment Registration Certificate

Certificate of incorporation

Land Use Approval from geog

Tax payer number

Required Documents
Individual investor Corporate investor

Valid Security clearance (x 2)

3 9

Notarized Passport

Company profile of domestic partner

Proof of financial capability of domestic partner

Documents establishing title and the valuation of land

Audited Final Accounts of the existing entity for the last financial year

Foreign Direct Investment Registration Certificate

Joint venture agreement between the investors /shareholders

Legal stamp (x 3)

13 31 32

Lease agreement

Business proposal (x 3)

14 16 23

Cover letter for gewog approval

Land Use Approval from geog

Site layout plan

Location map

Covering letter

Provisional Letter of Interest (x 2)

18 21

Initial environment examination (IEE) - General (x 2)

18 21

Forwarding letter for environmental clearance

Forwarding letter for Environment Clearance fee payment

Money Receipt for EC

Location clearance

Certificate of incorporation (x 3)

25 31 33

Project approval (FDI) XXX

Application form - FCA - III

FDI registration certificate

Current account opening form

Business license (x 2)

31 33

Board resolution of the company to open account in the bank

A letter with additional signatories details and documents

Approval for FC account

Current account number (x 2)

32 33

Promoter's details

Percentage shareholding of partners

CV of Investor (In PDF format)

CV of foreign investor (x 2)

7 9

Notarized Passport (x 2)

7 9

Tax return of foreign investors for the last financial year

Tax return/audited accounts of the founder/promoter in the case of Special Purpose Vehicle

The profile of the foreign company (in PDF format)

Notarized copy of Certificate of incorporation of the foreign investing company (x 2)

7 9

Shareholder's resolution of the foreign investing company (x 2)

7 9

Audited accounts of foreign investing company for the last financial year

Articles of incorporation of the foreign investing company

Estimated cost BTN 71,560

BTN

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	Estimate your cost
BTN 2,000 Name reservation fee
- BTN 60 - BTN 10 per legal stamp	6
BTN 7,000 for public company
BTN 50,500 Large Industry
BTN 4,000 Business license fee for authorized share capital above BTN 100 m for large scale industry
BTN 8,000 Registration fee for large scale industry