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 (34)

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 (2)

7 Request FDI registration certificate

8 Collect FDI registration certificate

9 Request company registration

10 Receive payment advice notification (by email)

11 Pay registration fees and receive certificate of incorporation

Obtain site layout plan (1)

12 Obtain site layout plan

Obtain land allotment order (2)

13 Request land allotment order

14 Collect land allotment order

Sign lease agreement (3)

15 Pay advance 1st quarter rent

16 Pay security deposit

17 Sign lease agreement

Obtain project approval (7)

18 Request project approval

19 Receive information to collect payment notification for environmental clearance

20 Collect environmental clearance (for activity) payment notification

21 Pay environmental clearance fee

22 Submit payment receipt

23 Receive information for collection of project approval

24 Receive project approval

Obtain business license (3)

25 Request business license

26 Pay license fees

27 Collect business license

Open foreign currency account (5)

28 Request approval for FC account

29 Receive information to collect FC approval

30 Collect approval for FC Account

31 Open current bank account

32 Open foreign currency bank account

Obtain tax payer number (2)

33 Request tax payer number

34 Obtain tax payer number

Summary of the procedure

Institutions involved 12

Any post office or local stationery shop

Ministry of Economic Affairs, Department of Industry (x 11)

4 5 6 7 8 10 13 14 18 23 24

Secretariat, MoENR

Ministry of Economic Affairs, Regional Office of Economic Affairs, Thimphu

Any licensed architect/ engineer or architectural/ engineering firm

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

15 17 25 26 27

Any commercial bank

Delegated competent authority for environmental clearance (x 3)

19 20 22

Revenue section of the competent authority

Royal Monetary Authority (x 3)

28 29 30

Any commercial bank in Bhutan (x 2)

31 32

Regional Revenue and Customs Office, Samdrupjongkhar (x 2)

33 34

Results 5

Foreign direct investment registration certificate

Certificate of incorporation

Land lease agreement

Project approval

Tax payer number

Required Documents
Individual investor Corporate investor

Citizenship identity card (x 5)

4 9 17 31 33

Security clearance certificate (x 2)

4 9

Passports of all foreign investors

Company profile of domestic partner

Proof of financial capability of domestic partner

Foreign direct investment registration certificate

Joint venture agreement between the investors /shareholders

Application form for industrial land

Site layout plan

Business proposal (x 2)

13 18

Land allotment order (x 3)

15 16 17

Approval of implementation plan

Revenue receipt

Bank guarantee

Legal stamp (x 3)

17 31 32

Letter of undertaking for license

Land lease agreement

Initial environmental examination (IEE) - Industry

Environmental clearance payment notification

Payment receipt

Certificate of incorporation (x 3)

25 31 33

Project approval

Application form - FCA - III

FDI registration certificate

Current account opening form

Business license (x 2)

31 33

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)

32 33

Promoter's details

Percentage shareholding of partners

Reference number for TPN

CV of foreign investor (x 2)

7 9

Passports of all foreign investors (x 2)

7 9

Tax return of foreign investors for the last financial year

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

7 9

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

7 9

Audited accounts of foreign investing company for the last financial year

Articles of incorporation of the foreign investor company

Estimated cost BTN 77,860

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 2,000 Name reservation fee
BTN 7,000 for public company
BTN 50,000 Environmental Clearance fee for large scale industry
BTN 500 Environmental Clearance application fee
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 65d - 183d

	Min.	Max.
Total time (sum):	65d	183d
of which:
Waiting time in queue (sum):	5mn	3h. 10mn
Attention at counter:	1h. 5mn	3h. 40mn
Waiting time until next step (sum):	64d	182d