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Properties

Steps (39) arrow_drop_up arrow_drop_down
Security clearance (local partner)  (2) expand_more expand_less
Legal stamps (local partner)  (1) expand_more expand_less
Company name clearance  (3) expand_more expand_less
FDI registration certificate  (2) expand_more expand_less
Company registration  (3) expand_more expand_less
Power clearance  (2) expand_more expand_less
Layout plan  (1) expand_more expand_less
Land lease certificate  (1) expand_more expand_less
Provisional letter of interest  (2) expand_more expand_less
Environmental clearance for activities requiring clearance from DoECC  (5) expand_more expand_less
Project approval  (2) expand_more expand_less
Foreign currency account  (5) expand_more expand_less
Business license  (3) expand_more expand_less
Tax payer number  (2) expand_more expand_less
Letter of interest  (1) expand_more expand_less
Lease agreement  (3) expand_more expand_less
Construction approval  (1) expand_more expand_less
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Summary of the procedure

Institutions involved 13 expand_more expand_less

Any post office or local stationery shop
Ministry of Industry, Commerce & Employment, Secretariat Office. (x 6)
Ministry of Industry, Commerce & Employment, Secretariat Office.
Ministry of Industry, Commerce and Employment (MoICE), Department of Industry (x 10)
Ministry of Energy and Natural Resources, Department of Energy (x 2)
Ministry of Energy and Natural Resources, Department of Energy
Any licensed architect/ engineer or architectural/ engineering firm
Department of Land Administration and Management, National Land Commission Secretariat
Department of Land Administration and Management, National Land Commission Secretariat
Ministry of Finance (MoF), Department of Revenue and Custom
Ministry of Finance (MoF), Department of Revenue and Custom
Department of Environment and Climate Change (x 2)
Department of Environment and Climate Change
Royal Monetary Authority (x 3)
Any commercial bank in Bhutan (x 2)
Ministry of Industry, Commerce & Employment, Department of Industry (x 2)
Ministry of Industry, Commerce & Employment, Department of Industry
Ministry of Industry, Commerce & Employment, Regional Office of MoICE, Thimphu
District Administration, Sarpang (x 3)

Results 3 expand_more expand_less

Foreign Direct Investment Registration Certificate
Certificate of incorporation
Tax payer number

Required Documents expand_more expand_less

Valid Security clearance (x 2)
Notarized Passport
Company profile of domestic partner
Proof of financial capability of domestic partner
Documents establishing title and the valuation of land
Audited Final Accounts of the existing entity for the last financial year
Foreign Direct Investment Registration Certificate
Joint venture agreement between the investors /shareholders
Power Clearance form (x 2)
 Power Clearance form
Legal stamp (x 4)
Letter of Interest for IPs or IEs
Letter of Interest for IPs or IEs
Application form for industrial land
Application form for industrial land
Layout Plan
Layout Plan
Proof of Project Financing
Proof of Project Financing
Citizenship ID Card (x 2)
Provisional Letter of Interest (x 2)
Provisional Letter of Interest
Initial environment examination (IEE) - General (x 2)
Forwarding letter for environmental clearance
Forwarding letter for Environment Clearance fee payment
Money Receipt for EC
Money Receipt for EC
Business proposal
Location clearance
Application form - FCA - III
FDI registration certificate
Current account opening form
Business license (x 3)
Certificate of incorporation (x 3)
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)
Project approval (FDI) XXX
Promoter's details
Percentage shareholding of partners (x 2)
Project Approval, Domestic Scale
Project Approval, Domestic Scale
Environment Clearance
Money receipt
Land lease agreement
CV of Investor (In PDF format)
CV of foreign investor (x 2)
Notarized Passport (x 2)
Tax return of foreign investors for the last financial year
Tax return/audited accounts of the founder/promoter in the case of Special Purpose Vehicle
The profile of the foreign company (in PDF format)
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
Articles of incorporation of the foreign investing company

Estimated cost BTN  71,684

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BTN expand_more expand_less
  • 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
BTN 2,000
Name reservation fee
BTN 7,000
for public company
BTN 10
per piece
BTN 50,500
Large Industry
BTN 4,000
Business license fee for authorized share capital above BTN 100 m for large scale industry
BTN 8,000
Registration fee for large scale industry
BTN 0 -
BTN  0.2 per sqft
Land Lease Fee
BTN 4 -
BTN  0.2 per sqft
One year security fee

Total Duration 65d - 309d  expand_more expand_less

  Min. Max.
Total time (sum): 65d 309d
of which:
Waiting time in queue (sum): 5mn 1h. 20mn
Attention at counter: 45mn 2h. 40mn
Waiting time until next step (sum): 65d 309d

Laws 18 expand_more expand_less

Companies Act of Bhutan 2016 Companies Act of Bhutan 2016 Chapter 5, Sections 38-43
Environmental Assessment Act, 2000 Environmental Assessment Act, 2000
Evidence Act of Bhutan, 2005 Evidence Act of Bhutan, 2005 Section 35(c)
FDI application guidelines FDI application guidelines 2019
  Article 1
FDI Guidelines 2019 FDI Guidelines 2019
  Article Annexure II
FDI regulations 2019 FDI Regulations 2019
  articles 15, 56, 59, 70, 71-74, 75
FDI Regulations 2019 FDI Regulations 2019 Schedule VI, Article 2(iv)
Foreign Direct Investment Policy 2019 Foreign Direct Investment Policy 2019
  articles 3.6, 3.7, 5.1, 6.1, 6.2, 11 (i)
Foreign Exchange Rules and Regulations 2022 Foreign Exchange Rules and Regulations 2022 40, 44-a(vi)
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
  articles 182, icles 181
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
Standard Operating Procedure for Industrial Land Lease
Standard Operating Procedure for Letter on Interest Standard Operating Procedure for Letter on Interest
Standard Operating Procedure for Power Allocation to Industries Standard Operating Procedure for Power Allocation to Industries
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