eRegulations Bhutan

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"Certification sheet" format

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Properties

Print the full procedure

Print selected step:

Include recourse information

"Certification sheet" format

Steps (27)

Security clearance (local partner) (2)

1 Request security clearance

2 Obtain security clearance

Legal stamps (local partner) (1)

3 Purchase legal stamps

Obtain FDI registration certificate (2)

4 Request FDI registration certificate

5 Collect FDI registration certificate

Company registration (3)

6 Request company registration

7 Receive payment advice notification (by email)

8 Pay registration fees and receive certificate of incorporation

Obtain site layout plan (1)

9 Obtain site layout plan

Obtain land allotment order (2)

10 Request land allotment order

11 Collect land allotment order

Sign lease agreement (3)

12 Pay advance 1st quarter rent

13 Pay security deposit

14 Sign lease agreement

Obtain project approval (3)

15 Request project approval

16 Receive information for collection of project approval

17 Obtain project approval

Business license (3)

18 Request business license

19 Pay license fees

20 Collect business license

Foreign currency account (5)

21 Request approval for FC account

22 Receive information to collect FC approval

23 Collect approval for FC Account

24 Open current bank account

25 Open foreign currency bank account

Obtain tax payer number (2)

26 Request tax payer number

27 Obtain tax payer number

Summary of the procedure

Institutions involved 10

Any post office or local stationery shop

Ministry of Industry, Commerce and Employment (MoICE), Department of Industry (x 7)

4 5 10 11 15 16 17

Ministry of Energy and Natural Resources, Secretariat Office. (x 2)

6 7

Ministry of Industry, Commerce & Employment, Regional Office of MoICE, Thimphu

Any licensed architect/ engineer or architectural/ engineering firm

Ministry of Industry, Commerce & Employment, Regional Office of MoICE, Samdrupjongkhar (x 5)

12 14 18 19 20

Any commercial bank

Royal Monetary Authority (x 3)

21 22 23

Any commercial bank in Bhutan (x 2)

24 25

Regional Revenue and Customs Office, Samdrupjongkhar (x 2)

26 27

Results 5

Foreign Direct Investment Registration Certificate

Certificate of incorporation

Land lease agreement

Project approval

Tax payer number

Required Documents
Individual investor Corporate investor

Company profile of domestic partner

Proof of financial capability of domestic partner

Foreign Direct Investment Registration Certificate

Joint venture agreement between the investors /shareholders

Valid Security clearance

Application form for industrial land

Site layout plan

Business proposal (x 2)

10 15

Land allotment order (x 3)

12 13 14

Approval of implementation plan

Revenue receipt

Bank guarantee

Legal stamp (x 3)

14 24 25

Letter of undertaking for license

Sector clearance

Certificate of incorporation

Power clearance

Provisional letter of interest

Certificate of incorporation (x 3)

18 24 26

Project approval

Application form - FCA - III

FDI registration certificate

Current account opening form

Business license (x 2)

24 26

Board resolution of the company to open account in the bank

A letter with additional signatories details and documents

Approval for FC account

Current account number (x 2)

25 26

Promoter's details

Percentage shareholding of partners

Reference number for TPN

CV of foreign investor (x 2)

4 6

Notarized Passport (x 2)

4 6

Tax return of foreign investors for the last financial year

Notarized copy of Certificate of incorporation of the foreign investing company (x 2)

4 6

Shareholder's resolution of the foreign investing company (x 2)

4 6

Audited accounts of foreign investing company for the last financial year

Articles of incorporation of the foreign investing company

Estimated cost BTN 25,360

BTN

BTN Add Name Here

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 60 - BTN 10 per legal stamp	6
BTN 7,000 for public company
BTN 4,000 Business license fee for authorized share capital above BTN 100 m
BTN 8,000 Registration fee
BTN 100 Booklet fee
BTN 4,000 Registration fee
BTN 100 Booklet fee
BTN 2,000 Registration fee
BTN 100 Booklet fee