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Properties

Preview & Print

Properties

Steps (16) arrow_drop_up arrow_drop_down
Purchase legal stamps  (1) expand_more expand_less
Obtain security clearance  (2) expand_more expand_less
Sign MoU on office lease  (1) expand_more expand_less
Obtain location clearance  (4) expand_more expand_less
Obtain project approval  (2) expand_more expand_less
Obtain business license  (3) expand_more expand_less
Open current bank account  (1) expand_more expand_less
Obtain tax payer number  (2) expand_more expand_less
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Summary of the procedure

Institutions involved 6 expand_more expand_less

Any post office or local stationery shop
Any building owner/ institution
District Administration, Tsirang (x 4)
Ministry of Economic Affairs, Department of Cottage and Small Industry (x 2)
Ministry of Economic Affairs, Regional Trade and Industry Office, Gelephu
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd

Results 3 expand_more expand_less

Project approval
Business license
Tax payer number

Required Documents expand_more expand_less

Legal stamp
Application form for industry license
Legal stamp (x 2)
Consent letter from building owners
Occupancy certificate
Location clearance
Security clearance certificate
Business plan (x 2)
Citizenship identity card of investor (x 3)
Project approval
Undertaking form
Current account opening form (BNB)
Business license (x 2)
Current account number
Promoter's details

Cost BTN  1,740 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 40 -
BTN  10 per legal stamp
BTN 1,000
Business license fee
BTN 100
Booklet fee
BTN 500
Business license fee
BTN 100
Booklet fee

Total Duration 8 d - 25 d expand_more expand_less

  Min. Max.
Total time (sum): 8 d 25 d
of which:
Waiting time in queue (sum): 5mn 1h. 40mn
Attention at counter: 10mn 1h. 5mn
Waiting time until next step (sum): 8 d 24 d

Laws 6 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 4, Section 32(a)
GENERAL GUIDELINES FOR INDUSTRIAL AND  COMMERCIAL VENTURES IN BHUTAN, 1997 General Guidelines for Industrial and Commercial Ventures in Bhutan, 1997
  Article 4.1 (iii)
Income Tax Act of the Kingdom of Bhutan 2001 Income Tax Act of the Kingdom of Bhutan 2001 Part II, Chapter 6, Section 14
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 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 Tenancy Act of the Kingdom of Bhutan 2004 The Tenancy Act of the Kingdom of Bhutan 2004
  Section  6.1
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