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Preview & Print

Properties

Steps (9) arrow_drop_up arrow_drop_down
Purchase legal stamps copy  (1) expand_more expand_less
Obtain security clearance  (2) expand_more expand_less
Obtain retail 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 3 expand_more expand_less

Any post office or local stationery shop
Ministry of Economic Affairs, Regional Trade and Industry Office, Phuntsholing
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd

Results 1 expand_more expand_less

Tax payer number

Required Documents expand_more expand_less

Sector clearance
Undertaking form
Current account opening form (BNB)
Business license (x 2)
Legal stamp
Citizenship identity card of investor (x 2)
Current account number
Promoter's details

Cost BTN  18,340 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 10,000
Retail license fee
BTN 100
Booklet fee
BTN 5,000
Retail license fee
BTN 100
Booklet fee
BTN 3,000
Retail license fee
BTN 100
Booklet fee

Total Duration 1 d - 5 d expand_more expand_less

  Min. Max.
Total time (sum): 1 d 5 d
of which:
Waiting time in queue (sum): 10mn 1h. 5mn
Attention at counter: 10mn 30mn
Waiting time until next step (sum): 1 d 4 d

Laws 5 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 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
Micro, Retail & Wholesale Trade Regulation 2006 Micro, Retail & Wholesale Trade Regulation 2006
  Article 4
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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