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Preview & Print

Properties

Steps (19) arrow_drop_up arrow_drop_down
Purchase legal stamps  (1) expand_more expand_less
Obtain security clearance  (2) expand_more expand_less
Obtain site layout and location maps  (1) expand_more expand_less
Obtain gewog administrative approval  (2) expand_more expand_less
Obtain location clearance  (2) expand_more expand_less
Obtain project approval  (5) 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 9 expand_more expand_less

Any post office or local stationery shop
Any licensed architect/ engineer or architectural/ engineering firm
Any Concerned Geog Administration Office (x 2)
District Administration, Tsirang (x 2)
Ministry of Economic Affairs, Department of Industry (x 2)
Delegated competent authority for environmental clearance (x 2)
Revenue section of the competent authority
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

Business plan (x 4)
Covering letter (x 2)
Geog Administrative Approval / Public Clearance
Site layout plan
Location map
Location clearance
Security clearance certificate
Citizenship identity card of investor (x 3)
Initial environmental examination (IEE) - Industry
Environmental clearance payment notification
Payment receipt
Project approval
Undertaking form
Current account opening form (BNB)
Business license (x 2)
Legal stamp
Current account number
Promoter's details

Cost BTN  56,740 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 50,000
Environmental Clearance fee
BTN 500
Environmental clearance application fee
BTN 4,000
Business license fee
BTN 100
Booklet fee
BTN 2,000
Business license fee
BTN 100
Booklet fee

Total Duration 22 d - 95 d expand_more expand_less

  Min. Max.
Total time (sum): 22 d 95 d
of which:
Waiting time in queue (sum): 5mn 2h.
Attention at counter: 35mn 2h. 10mn
Waiting time until next step (sum): 22 d 94 d

Laws 10 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 4, Section 32(a)
Environmental Assessment Act, 2000 Environmental Assessment Act, 2000 Section 35 (sub-section 35.3) and section 63
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
  articles 5, 5.4
Foreign Direct Investment (FDI) Policy, 2010 Foreign Direct Investment (FDI) Policy, 2010 (Amended on July 18, 2014)
  Article 5.10
GENERAL GUIDELINES FOR INDUSTRIAL AND  COMMERCIAL VENTURES IN BHUTAN, 1997 General Guidelines for Industrial and Commercial Ventures in Bhutan, 1997 Annex II
Income Tax Act of the Kingdom of Bhutan 2001 Income Tax Act of the Kingdom of Bhutan 2001 Part II, Chapter 6, Section 14
Public Finance Act of Bhutan 2007 Public Finance Act of Bhutan 2007
  articles 171, 172
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 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
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