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Preview & Print

Properties

Preview & Print

Properties

Steps (8) arrow_drop_up arrow_drop_down
Obtain security clearance  (2) expand_more expand_less
Obtain retail 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 2 expand_more expand_less

Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd

Results 1 expand_more expand_less

Tax payer number

Required Documents expand_more expand_less

Security clearance certificate
Current account opening form (BNB)
Business license (x 2)
Legal stamp
Citizenship identity card of investor (x 2)
Current account number
Promoter's details
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
  Min. Max.
Total time (sum): 1 d 5 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
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. 6
  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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