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Properties

Preview & Print

Properties

Steps (18) arrow_drop_up arrow_drop_down
Purchase legal stamps  (1) expand_more expand_less
Obtain security clearance  (2) expand_more expand_less
Obtain location clearance  (4) expand_more expand_less
Obtain project approval  (5) expand_more expand_less
Obtain business license  (3) expand_more expand_less
Open current bank account  (1) expand_more expand_less
Obtain tax payer number  (2) expand_more expand_less
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Summary of the procedure

Institutions involved 7 expand_more expand_less

Any post office or local stationary shop
City Corporation, Phuntsholing (x 4)
Ministry of Economic Affairs, Department of Industry (x 2)
Any competent authority (x 2)
Revenue section of the competent authority
Ministry of Economic Affairs, Regional Trade and Industry Office, Phuntsholing
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd

Results 3 expand_more expand_less

Project approval
Business license
Tax payer number

Required Documents expand_more expand_less

Application form for industry license
Legal stamp (x 2)
Consent letter from building owners
Occupancy certificate
Location clearance
Security clearance certificate
Business plan (x 2)
Citizenship identity card of investor (x 3)
Initial environmental examination (IEE) - Industry
Environmental clearance payment notification
Payment receipt
Project approval
Undertaking form
Current account opening form (BNB)
Business license (x 2)
Current account number
Promoter's details

Cost detail

Estimate your cost

BTN 40 -
BTN  10 per legal stamp
BTN 50,000
Environmental Clearance fee
BTN 500
Environmental clearance application fee
BTN 4,000
Business license fee
BTN 100
Booklet fee
BTN 2,000
Business license fee
BTN 100
Booklet fee
  Min. Max.
Total time (sum): 8 d 25 d
of which:
Waiting time in queue (sum): 5mn 2h. 10mn
Attention at counter: 20mn 1h. 55mn
Waiting time until next step (sum): 8 d 24 d
Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 4, Section 32(a)
Environmental Assessment Act, 2000 Environmental Assessment Act, 2000
  Section  35.3 and 63
Fee schedules to cover the cost of administering the environmental assessment act 2000 Fee schedules to cover the cost of administering the environmental assessment act 2000
  articles 5, 5.4
GENERAL GUIDELINES FOR INDUSTRIAL AND  COMMERCIAL VENTURES IN BHUTAN, 1997 General Guidelines for Industrial and Commercial Ventures in Bhutan, 1997
  Article 4.1 (iii)
Income Tax Act of the Kingdom of Bhutan 2001 Income Tax Act of the Kingdom of Bhutan 2001 Part II, Chapter 6, Section 14
Public Finance Act of Bhutan 2007 Public Finance Act of Bhutan 2007
  articles 171, 172
Regulation for the Environmental Clearance for Projects 2006 Regulation for the Environmental Clearance for Projects 2006 Annex II
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, 29
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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