List of steps
(Total number of steps: 8)
Obtain security clearance  (2)
Obtain retail license  (3)
Open current bank account  (1)
Obtain tax payer number  (2)

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Properties
 
Summary of the procedure
 

Where to go? (2)

You will have to go to the following agencies. The number indicates how many interactions are required with each entity.
Ministry of Economic Affairs, Regional Trade and Industry Office, Phuntsholing
5
Ministry of Economic Affairs, Regional Trade and Industry Office, Phuntsholing
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd
6
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd

What you will get (1)

The objective of the procedure is to obtain those documents.
Tax payer number
8
Tax payer number

Required documents 

The documents with green band will be provided to you during the procedure.

Sector clearance
3
Sector clearance
Undertaking form
3
Undertaking form
Current account opening form (BNB)
6
Current account opening form (BNB)
Legal stamp
6
Legal stamp
Citizenship identity card of investor (x 2)
6 7
Citizenship identity card of  investor
Business license
7
Business license
Current account number
7
Current account number
Promoter's details
7
Promoter's details

How much?

Cost of the procedure  BTN  18,300

Cost detail

Estimate your cost

BTN 10,000
Retail license fee
BTN 100
Booklet fee
BTN 5,000
Retail license fee
BTN 100
Booklet fee
BTN 3,000
Retail license fee
BTN 100
Booklet fee

How long ?

The estimated total time is calculated by adding the time spent: 1) waiting in queue, 2) at the counter and 3) between steps.
  Min. Max.
Total time (sum): 1 d 4 d
of which:
Waiting time in queue (sum): 10mn 1h.
Attention at counter: 10mn 25mn
Waiting time until next step (sum): 1 d 4 d

Legal justification?

The regulations which justify the procedure and its content
Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 4, Section 32(a)
Income Tax Act of the Kingdom of Bhutan 2001 Income Tax Act of the Kingdom of Bhutan 2001 Part II, Chapter 6, Section 14
Micro, Retail & Wholesale Trade Regulation 2006 Micro, Retail & Wholesale Trade Regulation 2006
  Article 4
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
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