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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 (39)

Purchase legal stamps (1)

1 Purchase legal stamps

Obtain security clearance (2)

2 Request security clearance

3 Obtain security clearance

Obtain company name clearance (1)

4 Obtain company name clearance

Obtain FDI registration certificate (3)

5 Request FDI registration certificate

6 Receive information for collection of FDIRC

7 Collect FDI registration certificate

Obtain business guest visa clearance (6)

8 Request visa recommendation letter

9 Collect visa recommendation letter

10 Request visa clearance

11 Pay visa fee

12 Submit payment receipt

13 Collect visa clearance

14 Request company registration

15 Pay registration fees

16 Collect certificate of incorporation

Obtain site layout plan (1)

17 Obtain site layout plan

Obtain land allotment order (2)

18 Request land allotment order

19 Collect land allotment order

Obtain approval of implementation plan (2)

20 Submit implementation plan

21 Receive approval of implementation plan

Sign lease agreement (3)

22 Sign lease agreement

23 Pay advance 1st quarter rent

24 Pay security deposit

Obtain project approval (6)

25 Request project approval

26 Collect environmental clearance (for activity) payment notification

27 Pay environmental clearance fee

28 Submit payment receipt

29 Receive information for collection of project approval

30 Collect project approval

Obtain business license (3)

31 Request business license

32 Pay license fees

33 Collect business license

Open bank account (4)

34 Request approval for FC account

35 Collect approval for FC Account

36 Open current bank account

37 Open foreign currency bank account

Obtain tax payer number (2)

38 Request tax payer number

39 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 15)

4 5 6 7 8 14 16 18 19 20 21 22 25 29 30

Ministry of Economic Affairs, Secretariat (x 2)

9 24

Ministry of Home and Cultural Affairs, Department of Immigration (x 4)

10 11 12 13

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

15 23 31 32 33

Any licensed architect/ engineer or architectural/ engineering firm

Delegated competent authority for environmental clearance (x 2)

26 28

Revenue section of the competent authority

Royal Monetary Authority (x 2)

34 35

Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd (x 2)

36 37

Regional Revenue and Customs Office, Thimphu (x 2)

38 39

Results 5

Foreign direct investment registration certificate

Certificate of incorporation

Land lease agreement

Project approval

Tax payer number

Required Documents
Individual investor Corporate investor

Name clearance form

Legal stamp (x 6)

4 8 14 22 36 37

Passports of all foreign investors

Security clearance certificate (x 2)

4 14

Citizenship identity card (x 5)

4 14 22 36 38

Company profile of domestic partner

Proof of financial capability of domestic partner

Business guest visa application form

Visa application form

Visa request letter

Trade/ Industry license

Passport of foreign investor

Itinerary for visiting guests (x 2)

8 10

Consent letter from parent company (x 2)

8 10

FDI registration certificate (x 2)

10 34

Recommendation letter from MoEA

Business guest visa application form

Visa application form

Passport of foreign investor

Visa fee payment notification

Articles of incorporation (for private company)

Consent to act as director

Declaration of compliance

Foreign direct investment registration certificate

List of names and addresses of the first Directors and CEO of the company

Joint venture agreement between the investors /shareholders

Notification for payment

Payment receipt

Application form for industrial land

Site layout plan

Business plan (x 3)

18 25 31

Implementation plan

Land allotment order

Approval of implementation plan

Letter of undertaking for license

Land lease agreement (x 2)

23 25

Acceptance of security deposit

Initial environmental examination (IEE) - Industry

Environmental clearance payment notification

Payment receipt

Certificate of incorporation (x 3)

31 36 38

Project approval

Application form - FCA - III

Current account opening form (BNB)

Business license (x 2)

36 38

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)

37 38

Promoter's details

Percentage shareholding of partners

Reference number for TPN

CV of foreign investor (x 2)

5 14

Passports of all foreign investors (x 2)

5 14

Tax return of foreign investors

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

5 14

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

5 14

Audited accounts of foreign investing company

Articles of incorporation of the foreign investor company

Cost BTN 102,470

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 legal stamp	17
BTN 2,500
BTN 7,000
BTN 5,000
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 - 209 d

	Min.	Max.
Total time (sum):	68 d	209 d
of which:
Waiting time in queue (sum):	5mn	5h. 40mn
Attention at counter:	1h. 30mn	6h. 30mn
Waiting time until next step (sum):	68 d	208 d