List of steps
(Total number of steps: 18)
Purchase legal stamps  (1)
Obtain security clearance  (2)
Obtain location clearance  (4)
Obtain project approval  (5)
Obtain business license  (3)
Open current bank account  (1)
Obtain tax payer number  (2)

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Properties
 
Summary of the procedure
 

Where to go? (7)

You will have to go to the following agencies. The number indicates how many interactions are required with each entity.
Any post office or local stationary shop
1
Any post office or local stationary shop
City Corporation, Thimphu (x 4)
4 5 6 7
City Corporation, Thimphu
Ministry of Economic Affairs, Department of Industry (x 2)
8 12
Ministry of Economic Affairs, Department of Industry
Any competent authority (x 2)
9 11
Any competent authority
Revenue section of the competent authority
10
Revenue section of the competent authority
Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu (x 3)
13 14 15
Ministry of Economic Affairs, Regional Trade and Industry Office, Thimphu
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd
16
Any Two Commercial Banks - Bank of Bhutan Ltd or Bhutan National Bank Ltd

What you will get (3)

The objective of the procedure is to obtain those documents.
Project approval
12
Project approval
Business license
15
Business license
Tax payer number
18
Tax payer number

Required documents 

The documents with green band will be provided to you during the procedure.

Application form for industry license (x 2)
4 13
Application form for industry license
Legal stamps
4
Legal stamps
Occupancy certificate
4
Occupancy certificate
Consent letter from building owner
4
Consent letter from building owner
Location clearance
8
Location clearance
Security clearance certificate
8
Security clearance certificate
Business plan (x 2)
8 13
Business plan
Citizenship identity card of investor (x 3)
8 16 17
Citizenship identity card of  investor
Initial environmental examination (IEE) - Industry
9
Initial environmental examination (IEE) - Industry
Environmental clearance payment notification
10
Environmental clearance payment notification
Payment receipt
11
Payment receipt
Legal stamp
13
Legal stamp
Project approval (sol)
13
Project approval (sol)
Application letter for license
13
Application letter for license
Revenue receipt
15
Revenue receipt
Current account opening form (BNB)
16
Current account opening form (BNB)
Legal stamp
16
Legal stamp
Business license
17
Business license
Current account number
17
Current account number
Promoter's details
17
Promoter's details

How much?

Estimated cost of the procedure  BTN  56,740

change the values with the

Cost detail

Estimate your cost

BTN  10 per legal stamp
- BTN 40
4
BTN 50,000
Environmental Clearance fee
BTN 500
Environmental clearance application fee
BTN 4,000
Business license fee
BTN 100
Booklet fee
BTN 2,000
Business license fee
BTN 100
Booklet fee

How long ?

The estimated total time is calculated by adding the time spent: 1) waiting in queue, 2) at the counter and 3) between steps.
  Min. Max.
Total time (sum): 9 d 23 d
of which:
Waiting time in queue (sum): 5mn 2h. 55mn
Attention at counter: 25mn 2h. 20mn
Waiting time until next step (sum): 9 d 23 d

Legal justification?

The regulations which justify the procedure and its content
Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 4, Section 32(a)
Environmental Assessment Act, 2000 Environmental Assessment Act, 2000
  Section  35.3 and 63
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
  articles 5, 5.4
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 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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