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Preview & Print

Properties

Steps (22) arrow_drop_up arrow_drop_down
Purchase legal stamps  (1) expand_more expand_less
Obtain security clearance  (2) expand_more expand_less
Obtain site layout plan  (1) expand_more expand_less
Obtain land allotment order  (2) expand_more expand_less
Obtain approval of implementation plan  (2) expand_more expand_less
Sign lease agreement  (3) expand_more expand_less
Obtain project approval  (5) expand_more expand_less
Obtain business license  (3) expand_more expand_less
Open current bank account  (1) expand_more expand_less
Obtain tax payer number  (2) expand_more expand_less
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Summary of the procedure

Institutions involved 9 expand_more expand_less

Any post office or local stationery shop
Any licensed architect/ engineer or architectural/ engineering firm
Ministry of Economic Affairs, Department of Industry (x 5)
Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu (x 2)
Ministry of Economic Affairs, Secretariat
Ministry of Economic Affairs, Department of Cottage and Small Industry (x 2)
Delegated competent authority for environmental clearance (x 2)
Revenue section of the competent authority
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd

Results 4 expand_more expand_less

Land lease agreement
Project approval
Business license
Tax payer number

Required Documents expand_more expand_less

Application form for industrial land
Site layout plan
Business plan (x 3)
Implementation plan
Land allotment order
Approval of implementation plan
Legal stamp (x 2)
Citizenship identity card of investor (x 3)
Letter of undertaking for license
Land lease agreement (x 2)
Acceptance of security deposit
Initial environmental examination (IEE) - Industry
Environmental clearance payment notification
Payment receipt
Project approval
Current account opening form (BNB)
Business license (x 2)
Current account number
Promoter's details

Cost BTN  88,240 expand_more expand_less

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 40 -
BTN  10 per legal stamp
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 5,000
Environmental clearance fee
BTN 500
Environmental clearance application fee
BTN 1,000
Business license fee
BTN 100
Booklet fee
BTN 500
Business license fee
BTN 100
Booklet fee

Total Duration 62 d - 187 d expand_more expand_less

  Min. Max.
Total time (sum): 62 d 187 d
of which:
Waiting time in queue (sum): 5mn 2h. 30mn
Attention at counter: 50mn 3h. 5mn
Waiting time until next step (sum): 62 d 186 d

Laws 10 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 4, Section 32(a)
Environmental Assessment Act, 2000 Environmental Assessment Act, 2000 Section 35 (sub-section 35.3) and section 63
  Article 35.3
Fee schedules to cover the cost of administering the environmental assessment act 2000 Fee schedules to cover the cost of administering the environmental assessment act 2000
  Article 5
GENERAL GUIDELINES FOR INDUSTRIAL AND  COMMERCIAL VENTURES IN BHUTAN, 1997 General Guidelines for Industrial and Commercial Ventures in Bhutan, 1997 Annex II
Income Tax Act of the Kingdom of Bhutan 2001 Income Tax Act of the Kingdom of Bhutan 2001 Part II, Chapter 6, Section 14
Public Finance Act of Bhutan 2007 Public Finance Act of Bhutan 2007
  articles 171, 172
Regulation for the Environmental Clearance for Projects 2006 Regulation for the Environmental Clearance for Projects 2006 Annex II
Rules and Regulations for establishment and operation of industrial and commercial ventures in Bhutan, 1995 Rules and Regulations for establishment and operation of industrial and commercial ventures in Bhutan, 1995 Rules 1, 29
Rules and Regulations for Lease of Government Reserved Forest Land & Government Land 2009 Rules and Regulations for Lease of Government Reserved Forest Land & Government Land 2009
  Sections 57, 58, 59, 60
Rules on the Income Tax Act of the Kingdom of Bhutan 2001 Rules on the Income Tax Act of the Kingdom of Bhutan 2001 Part II, Rule 3
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