List of steps

(Total number of steps: 16)

Purchase legal stamps (1)

Purchase legal stamps

Obtain security clearance (2)

Request sescurity clearance Online procedure

Obtain security clearance Online procedure

Sign MoU on office lease (1)

Sign MoU on office lease

Obtain location clearance (4)

Request location clearance

Receive appointment for site visit

Site visit

Collect location clearance

Obtain project approval (2)

Request project approval

Collect project approval

Obtain business license (3)

Request business license Online procedure

Pay license fees Online procedure

Collect business license

Open current bank account (1)

Open current bank account

Obtain tax payer number (2)

Request tax payer number Online procedure

Obtain tax payer number Online procedure

Preview & Print

Properties

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	Include recourse information		"Certification sheet" format

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

Any building owner/ institution

District Administration, Sarpang (x 3)

5 6 7

City Corporation, Thimphu

Ministry of Economic Affairs, Department of Industry (x 2)

9 10

Ministry of Economic Affairs, Regional Trade and Industry Office, Gelephu

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)

Business license

Tax payer number

Required documents

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

Legal stamp

Application form for industry license

Legal stamp (x 2)

5 14

Consent letter from building owners

Occupancy certificate

Location clearance

Security clearance certificate

Business plan (x 2)

9 11

Citizenship ID Card

Project approval

Undertaking form

Current account opening form (BNB)

Citizenship identity card of investor (x 2)

14 15

Business license

Current account number

Promoter's details

How much?

Estimated cost of the procedure BTN 6,240

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 Chapter 4, Section 32(a)

General Guidelines for Industrial and Commercial Ventures in Bhutan, 1997
Article 4.1 (iii)

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 1, 29

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
Section 6.1