1. Foreign Investment (Company Creation)
  2. Thimphu
  3. With land lease inside Industrial Estate
  4. With environmental clearance
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Properties

Steps (35) arrow_drop_up arrow_drop_down
Purchase legal stamps  (1) expand_more expand_less
Obtain security clearance  (2) expand_more expand_less
Obtain name clearance  (1) expand_more expand_less
Obtain FDI registration certificate  (2) expand_more expand_less
Obtain business guest visa clearance  (4) expand_more expand_less
Register company  (3) 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  (5) 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
34 Request tax payer number
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35 Obtain tax payer number
language
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Summary of the procedure

Institutions involved 10 expand_more expand_less

Any post office or local stationery shop
1
Ministry of Economic Affairs, Department of Industry (x 13)
4 5 6 7 11 13 15 16 17 18 19 22 26
Ministry of Economic Affairs, Secretariat (x 2)
8 21
Ministry of Home and Cultural Affairs, Department of Immigration (x 2)
9 10
Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu (x 3)
12 20 29
Any licensed architect/ engineer or architectural/ engineering firm
14
Delegated competent authority for environmental clearance (x 2)
23 25
Revenue section of the competent authority
24
Royal Monetary Authority (x 2)
30 31
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd (x 2)
32 33

Results 5 expand_more expand_less

Foreign direct investment registration certificate
6
Certificate of incorporation
13
Land lease agreement
19
Project approval
26
Tax payer number
35

Required Documents
Individual investor Corporate investor
expand_more expand_less

Name clearance form
4
Legal stamp (x 6)
4 7 11 19 32 33
Passport of all foreign investors
4
Security clearance certificate (x 2)
4 11
Citizenship identity card of investor (x 5)
4 11 19 32 34
Company profile of domestic investor
5
Proof of financial capability of domestic investor
5
Business guest visa application form
7
Visa application form
7
Trade/ Industry license
7
Passport of foreign investor
7
Visa request letter
7
Itinerary for visiting guests
7
Consent letter from parent company
7
Recommendation letter from MoEA 
9
Business guest visa application form (verified by Human Resource Division, MoEA)
9
Visa application form (verified by Human Resource Division, MoEA)
9
Passport of foreign investor
9
Articles of incorporation
11
Consent to act as director
11
Declaration of compliance
11
Foreign direct investment registration certificate
11
List of names and addresses of the first Directors and CEO of the company
11
Joint venture agreement between the investors /shareholders
11
Notification for payment
12
Payment receipt
13
Application form for industrial land
15
Site layout plan
15
Business plan (x 3)
15 22 27
Implementation plan
17
Land allotment order
19
Approval of implementation plan
19
Letter of undertaking for license
19
Land lease agreement (x 2)
20 22
Acceptance of security deposit
21
Initial environmental examination (IEE) - Industry
23
Environmental clearance payment notification
24
Payment receipt
25
Certificate of incorporation (x 3)
27 32 34
Project approval
27
Application form - FCA - III
30
FDI registration certificate
30
Current account opening form (BNB)
32
Business license (x 2)
32 34
Board resolution of the company to open account in the bank
32
A letter with additional signatories details and documents
32
Approval for FC account
33
Current account number (x 2)
33 34
Promoter's details
34
Percentage shareholding of partners
34
CV of foreign investor (x 2)
5 11
Passport of all foreign investors
5
Tax return of foreign investors
5
Certificate of incorporation of the foreign investor company
5
Board of Directors'/shareholder's resolution of the foreign investing company (x 2)
5 11
Audited accounts of foreign investing cmpany
5
Articles of incorporation of the foreign investor company
11

Cost BTN  104,890 expand_more expand_less

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 90 -
BTN  10 per legal stamp
9 mode_edit
BTN 8,000
Business registration fee for authorized share capital above BTN 100m
BTN 4,000
Business registration fee for authorized share capital between BTN 10m to BTN 100m
BTN 2,000
Business registration fee for authorized share capital between BTN 1m to BTN 10m
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 2,000
Business license fee for authorized share capital between BTN 10m to 100m
BTN 100
Booklet fee
BTN 1,000
Business license fee for authorized share capital between BTN 1m to 10m
BTN 100
Booklet fee

Total Duration 64 d - 201 d expand_more expand_less

  Min. Max.
Total time (sum): 64 d 201 d
of which:
Waiting time in queue (sum): 5mn 4h. 15mn
Attention at counter: 1h. 25mn 5h. 40mn
Waiting time until next step (sum): 64 d 200 d

Laws 16 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
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
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, 5.7, 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 Annex II (For investment size, refer Cottage and Small Industry Policy 2012, Chapter 5).
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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