1. Foreign Investment (Company Creation)
  2. Thimphu
  3. With land lease inside Industrial Estate
  4. With environmental clearance
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Steps (41) arrow_drop_up arrow_drop_down
Obtain security clearance (local partner)  (2) expand_more expand_less
Purchase legal stamps (local partner)  (1) expand_more expand_less
Obtain company name clearance  (3) expand_more expand_less
Obtain FDI registration certificate  (3) expand_more expand_less
Register company  (3) expand_more expand_less
Obtain business guest visa clearance  (6) expand_more expand_less
Obtain site layout plan  (1) expand_more expand_less
Obtain land allotment order  (2) expand_more expand_less
Obtain approval of implementation plan  (2) expand_more expand_less
Sign lease agreement  (3) expand_more expand_less
Obtain project approval  (6) expand_more expand_less
Obtain business license  (3) expand_more expand_less
Open bank account  (4) expand_more expand_less
Obtain tax payer number  (2) expand_more expand_less
40 Request tax payer number
language
41 Obtain tax payer number
language
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Summary of the procedure

Institutions involved 11 expand_more expand_less

Any post office or local stationery shop
3
Ministry of Economic Affairs, Department of Industry (x 17)
4 5 6 7 8 9 10 11 13 20 21 22 23 24 27 31 32
Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu (x 5)
12 25 33 34 35
Ministry of Economic Affairs, Secretariat (x 2)
14 26
Ministry of Home and Cultural Affairs, Department of Immigration (x 4)
15 16 17 18
Any licensed architect/ engineer or architectural/ engineering firm
19
Delegated competent authority for environmental clearance (x 2)
28 30
Revenue section of the competent authority
29
Royal Monetary Authority (x 2)
36 37
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd (x 2)
38 39
Regional Revenue and Customs Office, Thimphu (x 2)
40 41

Results 5 expand_more expand_less

Foreign direct investment registration certificate
9
Certificate of incorporation
12
Land lease agreement
24
Project approval
32
Tax payer number
41

Required Documents
Individual investor Corporate investor
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Company profile of domestic partner
7
Proof of financial capability of domestic partner
7
Articles of incorporation (for private company)
10
Consent to act as director
10
Declaration of compliance
10
Legal stamp (x 5)
10 13 24 38 39
Foreign direct investment registration certificate
10
List of names and addresses of the first Directors and CEO of the company
10
Joint venture agreement between the investors /shareholders
10
Citizenship identity card (x 4)
10 24 38 40
Security clearance certificate
10
Business guest visa application form
13
Visa application form
13
Visa request letter
13
Trade/ Industry license
13
Passport of foreign investor
13
Itinerary for visiting guests (x 2)
13 15
Consent letter from parent company (x 2)
13 15
FDI registration certificate (x 2)
15 36
Recommendation letter from MoEA 
15
Business guest visa application form
15
Visa application form
15
Passport of foreign investor
15
Visa fee payment notification
16
Application form for industrial land
20
Site layout plan
20
Business plan (x 3)
20 27 33
Implementation plan
22
Land allotment order
24
Approval of implementation plan
24
Letter of undertaking for license
24
Land lease agreement (x 2)
25 27
Acceptance of security deposit
26
Initial environmental examination (IEE) - Industry
28
Environmental clearance payment notification
29
Payment receipt
30
Certificate of incorporation (x 3)
33 38 40
Project approval
33
Application form - FCA - III
36
Current account opening form (BNB)
38
Business license (x 2)
38 40
Board resolution of the company to open account in the bank
38
A letter with additional signatories details and documents
38
Approval for FC account
39
Current account number (x 2)
39 40
Promoter's details
40
Percentage shareholding of partners
40
Reference number for TPN
41
CV of foreign investor (x 2)
7 10
Passports of all foreign investors (x 2)
7 10
Tax return of foreign investors
7
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
7
Articles of incorporation of the foreign investor company
10

Estimated cost BTN  99,470

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USD expand_more expand_less
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BTN 170 -
BTN  10 per legal stamp
17 mode_edit
BTN 2,000
BTN 7,000
BTN 2,500
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
BTN 4,000
Business license fee for authorized share capital above BTN 100 m
BTN 100
Booklet fee
BTN 100
Booklet fee
BTN 100
Booklet fee

Total Duration 68 d - 215 d expand_more expand_less

  Min. Max.
Total time (sum): 68 d 215 d
of which:
Waiting time in queue (sum): 5mn 4h. 55mn
Attention at counter: 1h. 15mn 5h.
Waiting time until next step (sum): 68 d 214 d

Laws 15 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 5, Sections 38-43
Environmental Assessment Act, 2000 Environmental Assessment Act, 2000 Section 35 (sub-section 35.3) and section 63
  Article 35.3
Evidence Act of Bhutan, 2005 Evidence Act of Bhutan, 2005 Section 35(c)
FDI Rules and Regulations 2012 FDI Rules and Regulations 2012 (Amended Dec 13, 2014) Schedule VI, 2 (ii,e)
  articles 19, 20, 21 (ii) a, 21, c
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
  Article 5
Foreign Direct Investment (FDI) Policy, 2010 Foreign Direct Investment (FDI) Policy, 2010 (Amended on July 18, 2014)
  articles 3.7, 3.6, 5.7, 5.1, 6.1, 6.2
Foreign Exchange Regulations of Bhutan, 1997 Foreign Exchange Regulations of Bhutan, 2013
  Article 48
GENERAL GUIDELINES FOR INDUSTRIAL AND COMMERCIAL VENTURES IN BHUTAN, 1997 General Guidelines for Industrial and Commercial Ventures in Bhutan, 1997
  Article 2.4
Immigration Rules and Regulations of Bhutan 2012 Immigration Rules and Regulations of Bhutan 2012
  Article 63
Income Tax Act of the Kingdom of Bhutan 2001 Income Tax Act of the Kingdom of Bhutan 2001 Part II, Chapter 6, Section 14
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 and Regulations for Lease of Government Reserved Forest Land & Government Land 2009 Rules and Regulations for Lease of Government Reserved Forest Land & Government Land 2009
  Sections 57, 58, 59, 60
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
The Immigration Act of Kingdom of Bhutan, 2007 The Immigration Act of Kingdom of Bhutan, 2007
  Chapter  6 ,  Section  43 (e) ,  Article 43
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