List of steps
(Total number of steps: 9)
Obtain security clearance  (2)
1
Request sescurity clearance Online procedure
2
Obtain security clearance Online procedure
Obtain letter of intent/ appointment  (1)
3
Obtain letter of intent/ appointment
Obtain wholesale License  (3)
4
Request wholesale license
5
Pay license fees
6
Collect wholesale license
Open current bank account  (1)
7
Open current bank account
Obtain tax payer number  (2)
8
Request tax payer number Online procedure
9
Obtain tax payer number Online procedure

Preview & Print

Properties
 
Summary of the procedure
 

Where to go? (3)

You will have to go to the following agencies. The number indicates how many interactions are required with each entity.
Any Principal Company
3
Any Principal Company
Ministry of Economic Affairs, Regional Trade and Industry Office, Phuntsholing (x 3)
4 5 6
Ministry of Economic Affairs, Regional Trade and Industry Office, Phuntsholing
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd
7
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd

What you will get (2)

The objective of the procedure is to obtain those documents.
Trade License
6
Trade License
Tax payer number
9
Tax payer number

Required documents 

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

Application form for retail & wholesale trade (form II)
4
Application form for retail & wholesale trade (form II)
Legal stamp (wt)
4
Legal stamp (wt)
Security clearance
4
Security clearance
Letter of intent/ appointment
4
Letter of intent/ appointment
Citizenship identity card of investor (x 3)
4 7 8
Citizenship identity card of investor
Current account opening form (BNB)
7
Current account opening form (BNB)
Business license (x 2)
7 8
Business license
Legal stamp
7
Legal stamp
Current account number
8
Current account number
Promoter's details
8
Promoter's details

How much?

Cost of the procedure  BTN  10,000

Cost detail

Estimate your cost
BTN 10,000
Trade License 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 3 d
of which:
Waiting time in queue (sum): 15mn 1h. 30mn
Attention at counter: 15mn 40mn
Waiting time until next step (sum): 1 d 3 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 Page no. 10
  articles 4.2, 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
Powered by eRegulations (c), a content management system developed by UNCTAD's Investment and Enterprise Division, Business Facilitation Program and licensed under Creative Commons License