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"Certification sheet" format

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Properties

Print the full procedure

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"Certification sheet" format

Steps (35)

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 site layout plan (1)

13 Obtain site layout plan

Obtain land allotment order (2)

14 Request land allotment order

15 Collect land allotment order

Sign lease agreement (3)

16 Pay advance 1st quarter rent

17 Pay security deposit

18 Sign lease agreement

Obtain project approval (7)

19 Request project approval

20 Receive information to collect payment notification for environmental clearance

21 Collect environmental clearance (for activity) payment notification

22 Pay environmental clearance fee

23 Submit payment receipt

24 Receive information for collection of project approval

25 Collect project approval

Obtain business license (3)

26 Request business license

27 Pay license fees

28 Collect business license

Open bank account (5)

29 Request approval for FC account

30 Receive information to collect FC approval

31 Collect approval for FC Account

32 Open current bank account

33 Open foreign currency bank account

Obtain tax payer number (2)

34 Request tax payer number

35 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 13)

4 5 6 7 8 9 10 11 14 15 19 24 25

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

Any licensed architect/ engineer or architectural/ engineering firm

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

16 18 26 27 28

Any commercial bank

Delegated competent authority for environmental clearance (x 3)

20 21 23

Revenue section of the competent authority

Royal Monetary Authority (x 3)

29 30 31

Any commercial bank in Bhutan (x 2)

32 33

Regional Revenue and Customs Office, Samdrupjongkhar (x 2)

34 35

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 10 18 32 34

Security clearance certificate (x 2)

4 10

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)

14 19

Land allotment order (x 3)

16 17 18

Approval of implementation plan

Revenue receipt

Bank guarantee

Legal stamp (x 3)

18 32 33

Letter of undertaking for license

Land lease agreement

Initial environmental examination (IEE) - Industry

Environmental clearance payment notification

Payment receipt

Certificate of incorporation (x 3)

26 32 34

Project approval

Application form - FCA - III

FDI registration certificate

Current account opening form

Business license (x 2)

32 34

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)

33 34

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 110,970

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 170 - BTN 10 per legal stamp	17
BTN 2,000
BTN 7,000
BTN 50,000 Environmental Clearance fee
BTN 500 Environmental Clearance application fee
BTN 30,000 Environmental clearance fee
BTN 500 Environmental clearance application fee
BTN 2,000 Environmental clearance fee
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. 20mn
Attention at counter:	1h. 5mn	3h. 50mn
Waiting time until next step (sum):	64d	182d