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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 (39)

Obtain security clearance (local partner) (2)

1 Request security clearance

2 Obtain security clearance

Purchase legal stamps (local partner) (1)

3 Purchase legal stamps

Obtain 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

Obtain FDI registration certificate (3)

7 Request FDI registration certificate

8 Receive information for collection of FDIRC

9 Collect FDI registration certificate

10 Request company registration

11 Receive payment advice notification (by email)

12 Pay registration fees and receive certificate of incorporation

Obtain business guest visa (7)

13 Request visa recommendation letter

14 Receive information to collect Visa recommendation letter

15 Collect visa recommendation letter

16 Request visa clearance

17 Pay visa fee

18 Submit payment receipt

19 Collect visa clearance

Obtain site layout plan (1)

20 Obtain site layout plan

Obtain land allotment order (2)

21 Request land allotment order

22 Collect land allotment order

Obtain approval of implementation plan (2)

23 Submit implementation plan

24 Receive approval of implementation plan

Sign lease agreement (3)

25 Pay advance 1st quarter rent

26 Pay security deposit

27 Sign lease agreement

Obtain project approval (3)

28 Request project approval

29 Receive information for collection of project approval

30 Collect project approval

Obtain business license (3)

31 Request business license

32 Pay license fees

33 Collect business license

Open bank account (4)

34 Request approval for FC account

35 Collect approval for FC Account

36 Open current bank account

37 Open foreign currency bank account

Obtain tax payer number (2)

38 Request tax payer number

39 Obtain tax payer number

Summary of the procedure

Institutions involved 11

Any post office or local stationery shop

Ministry of Economic Affairs, Department of Industry (x 16)

4 5 6 7 8 9 10 11 13 21 22 23 24 28 29 30

Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu

Ministry of Economic Affairs, Secretariat (x 2)

14 15

Ministry of Home and Cultural Affairs, Department of Immigration (x 4)

16 17 18 19

Any licensed architect/ engineer or architectural/ engineering firm

Ministry of Economic Affairs, Regional Trade and Industry Office, Samdrupjongkhar (x 5)

25 27 31 32 33

Any commercial bank

Royal Monetary Authority (x 2)

34 35

Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd (x 2)

36 37

Regional Revenue and Customs Office, Samdrupjongkhar (x 2)

38 39

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

Citizenship identity card number (x 4)

10 27 36 38

Security clearance certificate

FDI registration certificate (x 3)

13 16 34

Business guest visa application form

Visa application form

Visa request letter

Legal stamp (x 4)

13 27 36 37

Business license

Passport of foreign investor

Itinerary for visiting guests (x 2)

13 16

Consent letter from parent company (x 2)

13 16

Recommendation letter from MoEA

Business guest visa application form

Visa application form

Passport of foreign investor

Visa fee payment notification

Application form for industrial land

Site layout plan

Business plan (x 2)

21 28

Implementation plan

Land allotment order (x 3)

25 26 27

Approval of implementation plan

Revenue receipt

Bank guarantee

Letter of undertaking for license

Land lease agreement

Certificate of incorporation (x 3)

31 36 38

Project approval

Application form - FCA - III

Current account opening form (BNB)

Business license (x 2)

36 38

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)

37 38

Promoter's details

Percentage shareholding of partners

Reference number for TPN

CV of foreign investor (x 2)

7 10

Passports of all foreign investors (x 2)

7 10

Tax return of foreign investors

Certificate of incorporation of the foreign investor company (x 2)

7 10

Board of Directors'/shareholder's resolution of the foreign investing company (x 2)

7 10

Audited accounts of foreign investing company

Articles of incorporation of the foreign investor company

Estimated cost BTN 29,970

USD

USD 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 170 - BTN 10 per legal stamp	17
BTN 2,000
BTN 7,000
BTN 2,500
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

Total Duration 53 d - 175 d

	Min.	Max.
Total time (sum):	53 d	175 d
of which:
Waiting time in queue (sum):	5mn	4h. 50mn
Attention at counter:	1h.	4h. 25mn
Waiting time until next step (sum):	53 d	174 d