1. Foreign Investment (Company Creation)
  2. Thimphu
  3. With land lease inside Industrial Estate
  4. With environmental clearance
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Steps (45) 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 power commitment letter  (2) expand_more expand_less
Obtain letter of interest  (12) expand_more expand_less
Obtain project approval  (7) expand_more expand_less
Obtain land allotment order  (2) expand_more expand_less
Sign lease agreement  (3) expand_more expand_less
Open bank account  (5) expand_more expand_less
Obtain tax payer number  (2) expand_more expand_less
44 Request tax payer number
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45 Obtain tax payer number
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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 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
30
Ministry of Economic Affairs, Secretariat
38
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 expand_more expand_less

Foreign direct investment registration certificate
9
Certificate of incorporation
12
Project approval (x 2)
21 33
Land lease agreement
36
Tax payer number
45

Required Documents
Individual investor Corporate investor
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Citizenship identity card (x 6)
4 10 15 36 42 44
Security clearance certificate (x 2)
4 10
Passports of all foreign investors
4
Company profile of domestic partner
7
Proof of financial capability of domestic partner
7
Foreign direct investment registration certificate
10
Joint venture agreement between the investors /shareholders
10
Application form for industrial land
15
Certificate of incorporation (x 4)
15 22 42 44
Power commitment letter
15
Business proposal (x 5)
15 17 19 27 34
Legal stamp (x 4)
15 36 42 43
Covering letter
17
Land lease agreement (x 2)
19 27
Project approval (FDI)
22
Initial environmental examination (IEE) - Industry
29
Environmental clearance payment notification
30
Payment receipt
31
Application form for industrial land
34
Site layout plan
34
Land allotment order
36
Approval of implementation plan
36
Letter of undertaking for license
36
Land lease agreement
37
Acceptance of security deposit
38
Application form - FCA - III
39
FDI registration certificate
39
Current account opening form
42
Business license (x 2)
42 44
Board resolution of the company to open account in the bank
42
A letter with additional signatories details and documents
42
Approval for FC account
43
Current account number (x 2)
43 44
Promoter's details
44
Percentage shareholding of partners
44
Reference number for TPN
45
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  110,970

expand_more expand_less

BTN expand_more expand_less
  • BTN Add Name Here
This is an estimate based on a series of assumptions which you can modify to calculate your own costs:

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BTN 170 -
BTN  10 per legal stamp
17 mode_edit
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 118 d - 320 d expand_more expand_less

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

Laws 17 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 5, Sections 38-43
Cottage and Small Industry Policy 2012 Cottage and Small Industry Policy 2012 Chapter 5 - reference for investment size
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 application guidelines FDI application guidelines 2019
  Article 1
FDI regulations 2019 FDI Regulations 2019
  articles 15, 56, 59, 70, 71-74, 75
FDI Rules and Regulations 2012 FDI Rules and Regulations 2012 (Amended Dec 13, 2014) Schedule VI, Article 2(iv)
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 Policy 2019 Foreign Direct Investment Policy 2019
  articles 3.6, 3.7, 5.1, 6.1, 6.2, 11 (i)
Foreign Exchange Rules and Regulations 2018 Foreign Exchange Rules and Regulations 2018 40, 44-a(vi)
GENERAL GUIDELINES FOR INDUSTRIAL AND COMMERCIAL VENTURES IN BHUTAN, 1997 General Guidelines for Industrial and Commercial Ventures in Bhutan, 1997
  Article 2.4
Income Tax Act of the Kingdom of Bhutan 2001 Income Tax Act of the Kingdom of Bhutan 2001 Part I, Chapter 10, Section 47 and Part II, Chapter 4, Section 16
Land Lease Rules and Regulations 2018 Land Lease Rules and Regulations 2018
  Article 102-110
Regulation for the Environmental Clearance for Projects 2006 Regulation for the Environmental Clearance for Projects 2016 Annex 1
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
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 I, Rule 6.1 and Part II, Rule # 3 (3.1)
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