List of steps
(Total number of steps: 16)
Purchase legal stamps  (1)
1
Purchase legal stamps
Obtain security clearance  (2)
2
Request sescurity clearance Online procedure
3
Obtain security clearance Online procedure
Sign MoU on office lease  (1)
4
Sign MoU on office lease
Obtain location clearance  (4)
5
Request location clearance
6
Receive appointment for site visit
7
Site visit
8
Collect location clearance
Obtain project approval  (2)
9
Request project approval
10
Collect project approval
Obtain business license  (3)
11
Request business license Online procedure
12
Pay license fees Online procedure
13
Collect business license
Open current bank account  (1)
14
Open current bank account
Obtain tax payer number  (2)
15
Request tax payer number Online procedure
16
Obtain tax payer number Online procedure

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Properties
 
Summary of the procedure
 

Where to go? (7)

You will have to go to the following agencies. The number indicates how many interactions are required with each entity.
Any post office or local stationary shop
1
Any post office or local stationary shop
Any building owner/ institution
4
Any building owner/ institution
District Administration, Sarpang (x 3)
5 6 7
District Administration, Sarpang
City Corporation, Thimphu
8
City Corporation, Thimphu
Ministry of Economic Affairs, Department of Industry (x 2)
9 10
Ministry of Economic Affairs, Department of Industry
Ministry of Economic Affairs, Regional Trade and Industry Office, Gelephu
13
Ministry of Economic Affairs, Regional Trade and Industry Office, Gelephu
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd
14
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd

What you will get (3)

The objective of the procedure is to obtain those documents.
Project approval (sol)
10
Project approval (sol)
Business license
13
Business license
Tax payer number
16
Tax payer number

Required documents 

The documents with green band will be provided to you during the procedure.

Legal stamp
4
Legal stamp
Application form for industry license
5
Application form for industry license
Legal stamp (x 2)
5 14
Legal stamp
Consent letter from building owners
5
Consent letter from building owners
Occupancy certificate
5
Occupancy certificate
Location clearance
9
Location clearance
Security clearance certificate
9
Security clearance certificate
Business plan (x 2)
9 11
Business plan
Citizenship ID Card
9
Citizenship ID Card
Project approval
11
Project approval
Undertaking form
11
Undertaking form
Current account opening form (BNB)
14
Current account opening form (BNB)
Citizenship identity card of investor (x 2)
14 15
Citizenship identity card of investor
Business license
15
Business license
Current account number
15
Current account number
Promoter's details
15
Promoter's details

How much?

Estimated cost of the procedure  BTN  6,240

change the values with the

Cost detail

Estimate your cost
BTN  10 per legal stamp
- BTN 40 		4
BTN 4,000
Business license fee
BTN 100
Booklet fee
BTN 2,000
Business license fee
BTN 100
Booklet fee

How long ?

The estimated total time is calculated by adding the time spent: 1) waiting in queue, 2) at the counter and 3) between steps.
  Min. Max.
Total time (sum): 8 d 24 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

Legal justification?

The regulations which justify the procedure and its content
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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