print

Preview & Print

Properties

Preview & Print

Properties

Steps (27) arrow_drop_up arrow_drop_down
Security clearance (local partner)  (2) expand_more expand_less
Legal stamps (local partner)  (1) expand_more expand_less
Company name clearance  (3) expand_more expand_less
FDI registration certificate  (2) expand_more expand_less
Company registration  (3) expand_more expand_less
Location clearance  (4) expand_more expand_less
Project approval  (2) expand_more expand_less
Business license  (3) expand_more expand_less
Foreign currency account  (5) expand_more expand_less
Tax payer number  (2) expand_more expand_less
language
flag

arrow_drop_up arrow_drop_down
Summary of the procedure

Institutions involved 9 expand_more expand_less

Any post office or local stationery shop
Ministry of Energy and Natural Resources, Secretariat Office. (x 4)
Ministry of Energy and Natural Resources, Secretariat Office.
Ministry of Industry, Commerce & Employment, Regional Office of MoICE, Thimphu (x 3)
Ministry of Industry, Commerce and Employment (MoICE), Department of Industry (x 4)
Thimphu Thromde (x 4)
Ministry of Industry, Commerce & Employment, Department of Industry (x 2)
Royal Monetary Authority (x 3)
Any commercial bank in Bhutan (x 2)
Regional Revenue and Customs Office, Thimphu (x 2)

Results 5 expand_more expand_less

Foreign Direct Investment Registration Certificate
Certificate of incorporation
Project approval (FDI) XXX
Business license
Tax payer number

Required Documents expand_more expand_less

Valid Security clearance (x 2)
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
Location Clearance Form
Location Clearance Form
Letter of undertaking
Legal stamp (x 3)
Consent letter from building owner(s)
Occupancy certificate
Location clearance
Business proposal
Certificate of incorporation (x 3)
Project approval (FDI) XXX
Application form - FCA - III
FDI registration certificate
Current account opening form
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 Investor (In PDF format)
CV of foreign investor (x 2)
Notarized Passport (x 2)
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)
Shareholder's resolution of the foreign investing company (x 2)
Audited accounts of foreign investing company for the last financial year
Articles of incorporation of the foreign investing company

Estimated cost BTN  21,060

expand_more expand_less

BTN expand_more expand_less
  • 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 60 -
BTN  10 per 
legal stamp
BTN 2,000
Name reservation fee
BTN 7,000
for public company
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

Total Duration 13d - 37d  expand_more expand_less

  Min. Max.
Total time (sum): 13d 37d
of which:
Waiting time in queue (sum): 5mn 1h. 15mn
Attention at counter: 15mn 1h.
Waiting time until next step (sum): 12d 37d

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 2019 Cottage and Small Industry Policy 2019 Chapter 5 - reference for investment size
Evidence Act of Bhutan, 2005 Evidence Act of Bhutan, 2005 Section 35(c)
FDI application guidelines FDI application guidelines 2019
  Article 1
FDI regulations 2019 FDI Regulations 2019
  articles 15, 56, 59, 70, 71-74, 75
FDI Regulations 2019 FDI Regulations 2019 Schedule VI, Article 2(iv)
Foreign Direct Investment Policy 2019 Foreign Direct Investment Policy 2019
  articles 3.6, 3.7, 5.1, 6.1, 6.2, 11 (i)
Foreign Exchange Rules and Regulations 2022 Foreign Exchange Rules and Regulations 2022 40, 44-a(vi)
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)
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
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)
Thimphu Municipal Development Control Regulation 2016 Thimphu Municipal Development Control Regulation 2016
  Article 3
Powered by eRegulations ©, a content management system developed by UNCTAD's Business Facilitation Program and licensed under Creative Commons License