Bhutan eRegulations

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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 (45)

Obtain security clearance (local partner) (2)

1 Request security clearance

2 Obtain security clearance

Purchase legal stamps (local partner) (1)

3 Purchase legal stamps

Obtain 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

Obtain FDI registration certificate (3)

7 Request FDI registration certificate

8 Receive information for collection of FDIRC

9 Collect FDI registration certificate

10 Request company registration

11 Receive payment advice notification (by email)

12 Pay registration fees and receive certificate of incorporation

Obtain power commitment letter (2)

13 Request power commitment letter

14 Collect power commitment letter

Obtain letter of interest (12)

15 Request for industrial land

16 Receive provisional letter of interest

17 Request sectoral clearance from relevant agency

18 Collect sectoral clearance from relevant agency

19 Request project approval

20 Receive information for collection of project approval

21 Collect project approval

22 Request business license

23 Pay license fees

24 Collect business license

25 Submit requested documents

26 Collect letter of interest

Obtain project approval (7)

27 Request project approval

28 Receive information to collect payment notification for environmental clearance

29 Collect environmental clearance (for activity) payment notification

30 Pay environmental clearance fee

31 Submit payment receipt

32 Receive information for collection of project approval

33 Collect project approval

Obtain land allotment order (2)

34 Request land allotment order

35 Collect land allotment order

Sign lease agreement (3)

36 Sign lease agreement

37 Pay advance 1st quarter rent

38 Pay security deposit

Open bank account (5)

39 Request approval for FC account

40 Receive information to collect FC approval

41 Collect approval for FC Account

42 Open current bank account

43 Open foreign currency bank account

Obtain tax payer number (2)

44 Request tax payer number

45 Obtain tax payer number

Summary of the procedure

Institutions involved 11

Any post office or local stationery shop

Ministry of Economic Affairs, Department of Industry (x 21)

4 5 6 7 8 9 10 11 15 16 19 20 21 25 26 27 32 33 34 35 36

Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu (x 5)

12 22 23 24 37

Bhutan Power Corporation, Electricity Service Division, Thimphu (x 2)

13 14

Any relevant agency (x 2)

17 18

Delegated competent authority for environmental clearance (x 3)

28 29 31

Revenue section of the competent authority

Ministry of Economic Affairs, Secretariat

Royal Monetary Authority (x 3)

39 40 41

Any commercial bank in Bhutan (x 2)

42 43

Regional Revenue and Customs Office, Thimphu (x 2)

44 45

Results 5

Foreign direct investment registration certificate

Certificate of incorporation

Project approval (x 2)

21 33

Land lease agreement

Tax payer number

Required Documents
Individual investor Corporate investor

Citizenship identity card (x 6)

4 10 15 36 42 44

Security clearance certificate (x 2)

4 10

Passports of all foreign investors

Company profile of domestic partner

Proof of financial capability of domestic partner

Foreign direct investment registration certificate

Joint venture agreement between the investors /shareholders

Application form for industrial land

Certificate of incorporation (x 4)

15 22 42 44

Power commitment letter

Business proposal (x 5)

15 17 19 27 34

Legal stamp (x 4)

15 36 42 43

Covering letter

Land lease agreement (x 2)

19 27

Project approval (FDI)

Initial environmental examination (IEE) - Industry

Environmental clearance payment notification

Payment receipt

Application form for industrial land

Site layout plan

Land allotment order

Approval of implementation plan

Letter of undertaking for license

Land lease agreement

Acceptance of security deposit

Application form - FCA - III

FDI registration certificate

Current account opening form

Business license (x 2)

42 44

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 (x 2)

43 44

Promoter's details

Percentage shareholding of partners

Reference number for TPN

CV of foreign investor (x 2)

7 10

Passports of all foreign investors (x 2)

7 10

Tax return of foreign investors

Certificate of incorporation of the foreign investor company (x 2)

7 10

Board of Directors'/shareholder's resolution of the foreign investing company (x 2)

7 10

Audited accounts of foreign investing company

Articles of incorporation of the foreign investor company

Estimated cost BTN 110,970

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 170 - BTN 10 per	17
BTN 2,000
BTN 7,000
BTN 4,000 Business license fee for authorized share capital above BTN 100 m
BTN 8,000 Registration Fees
BTN 100 Booklet fee
BTN 4,000 Registration fee
BTN 100 Booklet fee
BTN 2,000 Registration fee
BTN 100 Booklet fee
BTN 50,000 Environmental Clearance fee
BTN 500 Environmental Clearance application fee
BTN 30,000 Environmental clearance fee
BTN 500 Environmental clearance application fee
BTN 2,000 Environmental clearance fee
BTN 500 Environmental clearance application fee

Total Duration 119d - 320d

	Min.	Max.
Total time (sum):	119d	320d
of which:
Waiting time in queue (sum):	5mn	3h. 40mn
Attention at counter:	1h. 10mn	4h. 20mn
Waiting time until next step (sum):	118d	319d