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Steps (40) 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 site layout and location maps  (1) expand_more expand_less
Sign agreement on land use  (1) expand_more expand_less
Obtain land use approval from Gewog  (2) expand_more expand_less
Obtain location clearance  (2) expand_more expand_less
Obtain project approval  (6) 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
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Summary of the procedure

Institutions involved 14 expand_more expand_less

Any post office or local stationery shop
Ministry of Economic Affairs, Department of Industry (x 12)
Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu (x 4)
Ministry of Economic Affairs, Secretariat (x 2)
Ministry of Home and Cultural Affairs, Department of Immigration (x 4)
Any licensed architect/ engineer or architectural/ engineering firm
Any building owner/ institution
Any Concerned Geog Administration Office (x 2)
District Administration, Paro (x 2)
Delegated competent authority for environmental clearance (x 2)
Revenue section of the competent authority
Royal Monetary Authority (x 2)
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd (x 2)
Regional Revenue and Customs Office, Thimphu (x 2)

Results 5 expand_more expand_less

Foreign direct investment registration certificate
Certificate of incorporation
Land Use Approval from geog
Project approval
Tax payer number

Required Documents expand_more expand_less

Company profile of domestic partner
Proof of financial capability of domestic partner
Documents establishing title and the valuation of land
Foreign direct investment registration certificate
Joint venture agreement between the investors /shareholders
Citizenship identity card number (x 3)
Security clearance certificate
FDI registration certificate (x 3)
Business guest visa application form
Visa application form
Visa request letter
Legal stamp (x 4)
Business license
Passport of foreign investor
Itinerary for visiting guests (x 2)
Consent letter from parent company (x 2)
Recommendation letter from MoEA 
Business guest visa application form
Visa application form
Passport of foreign investor
Visa fee payment notification
Lease agreement
Business plan (x 3)
Covering letter (x 2)
Land Use Approval from geog
Site layout plan
Location map
Location clearance
Initial environmental examination (IEE) - Industry
Environmental clearance payment notification
Payment receipt
Certificate of incorporation (x 3)
Project approval
Application form - FCA - III
Current account opening form (BNB)
Business license (x 2)
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)
Promoter's details
Percentage shareholding of partners
Reference number for TPN
CV of foreign investor (x 2)
Passports of all foreign investors (x 2)
Tax return of foreign investors
Certificate of incorporation of the foreign investor company (x 2)
Board of Directors'/shareholder's resolution of the foreign investing company (x 2)
Audited accounts of foreign investing company
Articles of incorporation of the foreign investor company

Estimated cost BTN  113,470

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USD expand_more expand_less
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BTN 170 -
BTN  10 per legal stamp
BTN 2,000
BTN 7,000
BTN 2,500
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 Fees
BTN 100
Booklet fee
BTN 4,000
Registration fee
BTN 100
Booklet fee
BTN 2,000
Registration fee
BTN 100
Booklet fee

Total Duration 59 d - 228 d expand_more expand_less

  Min. Max.
Total time (sum): 59 d 228 d
of which:
Waiting time in queue (sum): 10mn 4h. 40mn
Attention at counter: 1h. 5mn 4h. 20mn
Waiting time until next step (sum): 59 d 227 d

Laws 16 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, 5.10, 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, 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 I, Chapter 10, Section 47 and Part II, Chapter 4, Section 16
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
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 I, Rule 6.1 and Part II, Rule # 3 (3.1)
The Immigration Act of Kingdom of Bhutan, 2007 The Immigration Act of Kingdom of Bhutan, 2007
  Chapter  6 ,  Section  43 (e) ,  Article 43
The Land Act of Bhutan 2007 The Land Act of Bhutan 2007
  Article 180
The Tenancy Act of the Kingdom of Bhutan 2004 The Tenancy Act of the Kingdom of Bhutan 2004
  Section  6.2
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