print

Preview & Print

Properties

Preview & Print

Properties

Steps (32) arrow_drop_up arrow_drop_down
Purchase legal stamps  (1) expand_more expand_less
Obtain security clearance  (2) expand_more expand_less
Obtain letter of intent  (2) expand_more expand_less
Obtain geog administration approval/ public clearance  (2) expand_more expand_less
Obtain location map  (1) expand_more expand_less
Obtain land lease approval  (12) expand_more expand_less
Sign land lease agreement  (1) 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
language
language
flag

arrow_drop_up arrow_drop_down
Summary of the procedure

Institutions involved 12 expand_more expand_less

Any post office or local stationery shop
Any relevant agency (x 3)
Any Concerned Geog Administration Office (x 2)
Any licensed architect/ engineer or architectural/ engineering firm
District Administration, Wangduephodrang (x 8)
Ministry of Agriculture and Forests, DoFPS,Territorial Forest Division, Wangdue (x 2)
District Administration, Thimphu (x 2)
Ministry of Economic Affairs, Department of Cottage and Small 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, Thimphu
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

Covering letter
Application form to lease GRF land for business activity - DA-1
Preliminary assessment report to lease GRF land for business activity - form DA-2
Preliminary assessment report to lease GRF land for business activity - form DA-3
Letter of intent from relevant agency
Gewog Administrative Approval / Public clearance (x 2)
Application form to lease GRF land for business activity - Form IE-1
Location map
Forestry clearance letter
Initial environment examination (IEE) - General
Forestry clearance (x 2)
Sector clearance
Cover letter for EC
Revenue receipt
Environmental clearance for land
Certificate of clearance/ land lease approval
Legal stamp (x 2)
Land lease agreement
Initial environmental examination (IEE) - Industry
Environmental clearance payment notification
Payment receipt
Project approval
Current account opening form (BNB)
Business license (x 2)
Citizenship identity card of investor (x 2)
Current account number
Promoter's details

Cost BTN  171,760 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 30,000
Environmental clearance fee
BTN 500
Environmental clearance application fee
BTN 2,000
Environmental clearance fee
BTN 500
Environmental clearance application fee
BTN 20
per sq. ft.
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 5,000
Environmental clearance fee
BTN 500
Environmental clearance application fee
BTN 1,000
Business license fee
BTN 100
Booklet fee
BTN 500
Business license fee
BTN 100
Booklet fee

Total Duration 75 d - 242 d expand_more expand_less

  Min. Max.
Total time (sum): 75 d 242 d
of which:
Waiting time in queue (sum): 5mn 2h. 50mn
Attention at counter: 50mn 3h. 50mn
Waiting time until next step (sum): 75 d 241 d

Laws 14 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 Chapter II
  articles 8, 9, 10, 35.3
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)
  Article 5.10
Forest and Nature Conservation Rules and Regulations of Bhutan, 2017 Forest and Nature Conservation Rules and Regulations of Bhutan, 2017
  articles 15, 16, 17, 18
GENERAL GUIDELINES FOR INDUSTRIAL AND  COMMERCIAL VENTURES IN BHUTAN, 1997 General Guidelines for Industrial and Commercial Ventures in Bhutan, 1997
  Article 2.4
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 Chapter 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 Annex C- 9, 11(a)
  articles 43, 94
Rules and regulations for lease of government reserved forest land and government land Rules and regulations for lease of government reserved forest land and government land
  articles 9, 11(a)
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 Land Act of Bhutan 2007 The Land Act of Bhutan 2007 Sections 306-310
  Sections 184-188, 306 ,  articles 309, 310
Powered by eRegulations ©, a content management system developed by UNCTAD's Business Facilitation Program and licensed under Creative Commons License