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Steps (39) arrow_drop_up arrow_drop_down
Request Security Clearance  (2) expand_more expand_less
language
Purchase Legal Stamp  (1) expand_more expand_less
Obtain Company Name Approval  (3) expand_more expand_less
Obtain FDI Registration Certificate  (2) expand_more expand_less
Request Power Commitment Letter from BPC  (2) expand_more expand_less
Obtain Provisional Letter of Interest for Land  (2) expand_more expand_less
Incorporate Company  (3) expand_more expand_less
Obtain Environment Clearance  (6) expand_more expand_less
Conditional Food Safety Clearance  (3) expand_more expand_less
Obtain Project Approval  (2) 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
Apply for Land Lease certificate  (3) expand_more expand_less
Execution of Lease Agreement  (2) expand_more expand_less
Obtain Construction Approval  (2) expand_more expand_less

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Summary of the procedure

Institutions involved 15 expand_more expand_less

Ministry of Home and Cultural Affairs (x 2)
Any post office or local stationery shop
Bhutan Power Corporation, Electricity Service Division, Thimphu (x 2)
National Environment Commission Secretariat (x 3)
National Environment Commission Secretariat
Regional Revenue and Custom Office, Thimphu
Regional Revenue and Custom Office, Thimphu
Bhutan Agriculture and Food Regulatory Authority, Head Office
Bhutan Agriculture and Food Regulatory Authority, Head Office
Ministry of Agriculture and Forests, Bhutan Agriculture and Food Regulatory Authority , Thimphu (x 2)
Ministry of Economic Affairs, Department of Industry (x 4)
Ministry of Economic Affairs, Regional Office of Economic Affairs, Thimphu (x 3)
Any commercial bank in Bhutan
Regional Revenue and Customs Office, Thimphu (x 2)
Department of Land Administration and Management, National Land Commission Secretariat
Department of Land Administration and Management, National Land Commission Secretariat
District Administration, Thimphu
District Administration, Samtse

Results 7 expand_more expand_less

Security clearance
Foreign direct investment registration certificate
Certificate of incorporation
Project approval
Business license
Tax payer number
Land lease agreement

Required Documents expand_more expand_less

For Non-Bhutanese – Notarized Passport (In PDF format) of all the Directors and CEO
Company profile of domestic partner
Proof of financial capability of domestic partner
Documents establishing title and the valuation of land
Tax return/audited accounts of the founder/promoter in the case of Special Purpose Vehicle
Audited Final Accounts of the existing entity for the last financial year
Application form for industrial land
Application form for industrial land
Power commitment letter
Power commitment letter
Citizenship identity card
Legal stamp
FDI registration certificate
Joint venture agreement between the investors /shareholders
Initial environmental examination (IEE) - Industry (x 2)
A cover letter requesting Environment clearance
Business Proposal (x 3)
Provisional letter of interest (x 3)
Forwarding letter for environmental clearance
Environmental clearance payment notification
Payment receipt
BAFRA/LP-FSL/F-01: APPLICATION FORM
BAFRA/LP-FSL/F-01: APPLICATION FORM
Registration Letter
Registration Letter
Business proposal
Sector clearance
Certificate of incorporation
Power clearance
Certificate of incorporation
Project approval (FDI) XXX
Current account opening form
Business license (x 2)
Legal stamp
Citizenship ID Card (x 2)
Current account number
Promoter's details
Business license
Official site plan (x 2)
Land Lease Certificate
Architectural drawings
Structural drawings
Plumbing/ water supply drawings
Electrical/ telephone connection drawings
CV of foreign investor (x 2)
Passports of all foreign investors (x 2)
Tax return of foreign investors for the last financial year
Notarized copy of Certificate of incorporation of the foreign investing company (x 2)
Shareholder's resolution of the foreign investing company (x 2)
Audited accounts of foreign investing company for the last financial year
Foreign direct investment registration certificate
Articles of incorporation of the foreign investor company

Estimated cost BTN  104,710

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BTN expand_more expand_less
  • BTN Add Name Here
BTN 10
BTN 10 per Legal Stamp
BTN 2,000
Name clearance fee
BTN 7,000
for public company
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 100
BTN 4,000
Business license fee for authorized share capital above BTN 100 m
BTN 8,000
Registration fee
BTN 100
Booklet fee

Total Duration 59d - 88d  expand_more expand_less

  Min. Max.
Total time (sum): 59d 88d
of which:
Waiting time in queue (sum): 10mn 1h. 20mn
Attention at counter: 7h. 10mn 30mn
Waiting time until next step (sum): 58d 87d

Laws 17 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016
Companies Act of the Kingdom of Bhutan, 2016 Companies Act of Bhutan, 2016
Cottage and Small Industry Policy 2012 Cottage and Small Industry Policy 2012 Chapter 5 - reference for investment size
Environmental Assessment Act, 2000 Environmental Assessment Act, 2000
  Article 35.3
Evidence Act of Bhutan, 2005 Evidence Act of Bhutan, 2005
  Article 35(c)
FDI regulations 2019 FDI Regulations 2019
  articles 15, 56, 59, 70, 71-74, 75
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
Food Rules and Regulations of Bhutan 2017 Food Rules and Regulations of Bhutan 2017
  Section tion 29
Foreign Direct Investment Policy 2019 Foreign Direct Investment Policy 2019
  articles 3.6, 3.7, 6.2, 6.1
GENERAL GUIDELINES FOR INDUSTRIAL AND  COMMERCIAL VENTURES IN BHUTAN, 1997 General Guidelines for Industrial and Commercial Ventures in Bhutan, 1997
  Article 2.4
Guideline for development of Industrial land 2018
Income Tax Act of the Kingdom of Bhutan 2001 Income Tax Act of the Kingdom of Bhutan 2001 Part II, Chapter 6, Section 14
Land Lease Rules and Regulations 2018 Land Lease Rules and Regulations 2018
  Article 102-110
Regulation for the Environmental Clearance for Projects 2006 Regulation for the Environmental Clearance for Projects 2016
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
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 3.1 (page 16)
The Land Act of Bhutan 2007 The Land Act of Bhutan 2007
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