1. Domestic Investment
  2. Chukha
  3. Business creation (trading)
  4. Wholesale trade
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Properties

Preview & Print

Properties

Steps (10) arrow_drop_up arrow_drop_down
Obtain security clearance  (2) expand_more expand_less
Purchase legal stamps  (1) expand_more expand_less
Obtain letter of intent/ appointment  (1) expand_more expand_less
Obtain wholesale License  (3) expand_more expand_less
Open current bank account  (1) expand_more expand_less
Obtain tax payer number  (2) expand_more expand_less
9 Request tax payer number
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10 Obtain tax payer number
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Summary of the procedure

Institutions involved 4 expand_more expand_less

Any post office or local stationery shop
3
Any Principal Company
4
Ministry of Economic Affairs, Regional Trade and Industry Office, Phuntsholing (x 3)
5 6 7
Any commercial bank in Bhutan
8

Results 2 expand_more expand_less

Trade License
7
Tax payer number
10

Required Documents expand_more expand_less

Application form for retail & wholesale trade (form II)
5
Legal stamp (wt)
5
Security clearance
5
Letter of intent/ appointment
5
Citizenship identity card (x 3)
5 8 9
Current account opening form
8
Business license (x 2)
8 9
Legal stamp
8
Current account number
9
Promoter's details
9

Estimated cost BTN  10,040

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 40 -
BTN  10 per 
4 mode_edit
BTN 10,000
Trade License Fee

Total Duration 2d  - 3d 1/2  expand_more expand_less

  Min. Max.
Total time (sum): 2d 3d 1/2
of which:
Waiting time in queue (sum): 15mn 1h. 35mn
Attention at counter: 15mn 45mn
Waiting time until next step (sum): 1d 1/2 3d

Laws 5 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 4, Section 32(a)
GENERAL GUIDELINES FOR INDUSTRIAL AND COMMERCIAL VENTURES IN BHUTAN, 1997 General Guidelines for Industrial and Commercial Ventures in Bhutan, 1997
  articles 2.4, ii
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
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