eRegulations Bhutan

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"Certification sheet" format

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Properties

Print the full procedure

Print selected step:

Include recourse information

"Certification sheet" format

Steps (41)

Security clearance (local partner) (2)

1 Request security clearance

2 Obtain security clearance

Legal stamps (local partner) (1)

3 Purchase legal stamps

Company name clearance (3)

4 Request company name approval

5 Receive payment advice notification (by email)

6 Pay name clearance fee and obtain company name approval

FDI registration certificate (2)

7 Request FDI registration certificate

8 Obtain FDI registration certificate

Company registration (3)

9 Request company registration

10 Receive payment advice notification (by email)

11 Pay registration fees and receive certificate of incorporation

Power clearance (2)

12 Request for Power Clearance

13 Collect Power Clearance Certificate

Layout plan (1)

14 Prepare Layout Plan

Provisional letter of interest (2)

15 Request for Provisional Letter of Interest

16 Collect Provisional Letter of Interest

Sector clearance (2)

17 Request sectoral clearance from relevant agency

18 Collect sectoral clearance from relevant agency

Environmental clearance for activities requiring clearance from DoECC (5)

19 Request environmental clearance

20 Collect forwarding letter to DoECC

21 Pay clearance fees

22 Submit forwarding letter to DoECC

23 Collect application acknowledgment receipt

or Collect environmental clearance

Project approval (2)

24 Request project approval

25 Collect project approval

Business license (3)

26 Receive payment notification for business license via SMS

27 Pay license fees

28 Collect business license

Foreign currency account (5)

29 Request approval for FC account

30 Receive information to collect FC approval

31 Collect approval for FC Account

32 Open current bank account

33 Open foreign currency bank account

Tax payer number (2)

34 Request tax payer number

35 Obtain tax payer number

Letter of interest (1)

36 Receive a Copy of Letter of Interest

Land lease certificate (1)

37 Receive a Copy of Land Lease Certificate

Lease agreement (3)

38 Request to sign lease agreement

39 Pay land lease fee

40 Execute lease agreement

Construction approval (1)

41 Submit Drawings

Summary of the procedure

Institutions involved 15

Any post office or local stationery shop

Ministry of Industry, Commerce & Employment, Secretariat Office. (x 6)

4 5 6 9 10 11

Ministry of Industry, Commerce and Employment (MoICE), Department of Industry (x 10)

7 8 15 16 19 20 24 25 36 41

Ministry of Energy and Natural Resources, Department of Energy (x 2)

12 13

Any licensed architect/ engineer or architectural/ engineering firm

Any relevant agency (x 2)

17 18

Ministry of Finance (MoF), Department of Revenue and Custom

Department of Environment and Climate Change (x 2)

22 23

Ministry of Industry, Commerce & Employment, Department of Industry (x 2)

26 28

Ministry of Industry, Commerce & Employment, Regional Office of MoICE, Thimphu

Royal Monetary Authority (x 3)

29 30 31

Any commercial bank in Bhutan (x 2)

32 33

Regional Revenue and Customs Office, Thimphu (x 2)

34 35

Department of Land Administration and Management, National Land Commission Secretariat

District Administration, Thimphu (x 3)

38 39 40

Results 3

Foreign Direct Investment Registration Certificate

Certificate of incorporation

Tax payer number

Required Documents
Individual investor Corporate investor

Valid Security clearance (x 2)

4 9

Notarized Passport

Company profile of domestic partner

Proof of financial capability of domestic partner

Documents establishing title and the valuation of land

Audited Final Accounts of the existing entity for the last financial year

Foreign Direct Investment Registration Certificate

Joint venture agreement between the investors /shareholders

Power Clearance form (x 2)

12 15

Legal stamp (x 4)

12 32 33 40

Application form for industrial land

Layout Plan

Proof of Project Financing

Citizenship ID Card (x 2)

15 36

Covering letter

Business proposal (x 2)

17 24

Provisional Letter of Interest (x 2)

19 22

Initial environment examination (IEE) - General (x 2)

19 22

Forwarding letter for environmental clearance

Forwarding letter for Environment Clearance fee payment

Money Receipt for EC

Location clearance

Certificate of incorporation (x 3)

26 32 34

Project approval (FDI) XXX

Application form - FCA - III

FDI registration certificate

Current account opening form

Business license (x 3)

32 34 36

Board resolution of the company to open account in the bank

A letter with additional signatories details and documents

Approval for FC account

Current account number

Promoter's details

Percentage shareholding of partners (x 2)

34 36

Reference number for TPN

Project Approval, Domestic Scale

Environment Clearance

Letter of Interest for IPs or IEs

Money receipt

Land lease agreement

CV of Investor (In PDF format)

CV of foreign investor (x 2)

7 9

Notarized Passport (x 2)

7 9

Tax return of foreign investors for the last financial year

Tax return/audited accounts of the founder/promoter in the case of Special Purpose Vehicle

The profile of the foreign company (in PDF format)

Notarized copy of Certificate of incorporation of the foreign investing company (x 2)

7 9

Shareholder's resolution of the foreign investing company (x 2)

7 9

Audited accounts of foreign investing company for the last financial year

Articles of incorporation of the foreign investing company

Estimated cost BTN 71,574

BTN

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 60 - BTN 10 per legal stamp	6
BTN 2,000 Name reservation fee
BTN 7,000 for public company
BTN 10 per piece
BTN 50,500 Large Industry
BTN 4,000 Business license fee for authorized share capital above BTN 100 m for large scale industry
BTN 8,000 Registration fee for large scale industry
- BTN 0 - BTN 0.2 per sqft Land Lease Fee	0
- BTN 4 - BTN 0.2 per sqft One year security fee	20