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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
Obtain FDI registration certificate  (2) expand_more expand_less
Obtain business guest visa clearance  (4) 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 gewog administrative approval  (2) expand_more expand_less
Obtain location clearance  (2) 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
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26
Request approval for FC account
(last modified: 26/11/2018)

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 Regulations of Bhutan, 2013
Foreign Exchange Regulations of Bhutan, 2013
Article 48
2. FDI Rules and Regulations 2012 (Amended Dec 13, 2014)
FDI Rules and Regulations 2012 (Amended Dec 13, 2014) Schedule VI, 2(iv)

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

Kezang Phuntsho

Offgt. Director
Tel: +975 17 803 963
Email: kezangphuntsho@rma.gov.bt
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