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"Certification sheet" format

Steps (41)

Security clearance (local partner) (2)

1 Request security clearance

2 Obtain security clearance

Legal stamps (local partner) (1)

3 Purchase legal stamps

Company name clearance (3)

4 Request company name approval

5 Receive payment advice notification (by email)

6 Pay name clearance fee and obtain company name approval

FDI registration certificate (2)

7 Request FDI registration certificate

8 Obtain FDI registration certificate

Company registration (3)

9 Request company registration

10 Receive payment advice notification (by email)

11 Pay registration fees and receive certificate of incorporation

Letter of interest (2)

12 Request letter of intent from relevant agency

13 Collect letter of intent from relevant agency

Land use approval from gewog administration (2)

14 Request public/social clearance

15 Collect land use approval from gewog administration

Location map (1)

16 Obtain location map

Land lease approval (12)

17 Request land lease approval

18 Receive letter for forestry clearance

19 Submit letter for forestry clearance

20 Receive appointment for site visit

21 Site visit

22 Collect forestry clearance

23 Request environmental clearance for land

24 Pay environmental clearance fee

25 Submit revenue receipt

26 Collect environmental clearance for land

27 Submit forestry clearance and EC to DLLC

28 Collect land lease approval

Land lease agreement (1)

29 Sign land lease agreement

Project approval (2)

30 Request project approval

31 Collect project approval

Business license (3)

32 Receive payment notification for business license via SMS

33 Pay license fees

34 Collect business license

Foreign currency account (5)

35 Request approval for FC account

36 Receive information to collect FC approval

37 Collect approval for FC Account

38 Open current bank account

39 Open foreign currency bank account

Tax payer number (2)

40 Request tax payer number

41 Obtain tax payer number

38

Open current bank account
(last modified: 13/04/2023)

Contact details
Additional information

Timeframe ( see details )

Contact details

Entity in charge

Any commercial bank in Bhutan

Expected results

Current account number

Requirements

1.

01 - Libre deuda de patente

Current account opening form (original)

2.

01 - Libre deuda de patente

Business license (Simple copy)

3.

01 - Libre deuda de patente

Certificate of incorporation (Simple copy)
present the original copy for verification

4.

01 - Libre deuda de patente

Legal stamp (original)
on the current account form

5.

Citizenship identity Number (Simple copy)

6.

01 - Libre deuda de patente

Passport size photograph of business guest (2 original )
2 photos of each joint account holder

7.

Board resolution of the company to open account in the bank

Board resolution of the company to open account in the bank (original)

8.

01 - Libre deuda de patente

A letter with additional signatories details and documents (original)
if more than 4 signatories

Time frame

Waiting time in queue: Min. 5mn - Max. 30mn

Attention at counter: Min. 5mn - Max. 10mn

Legal justification

1.

FDI Regulations 2019 Schedule VI, Article 2(iv)

Additional information

You may also be required to submit additional documents such as business plan, certificate of incorporation, resolution of the board of the company to open a current account, etc. See checklist on the current opening forms of individual banks.

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