Bhutan Issuance of FDI Registration Certificate : citizenservices.gov.bt
Organisation : Ministry of Industry, Commerce and Employment
Facility Name : Issuance of FDI Registration Certificate
Applicable For : Local and Foreign Investors
Country : Bhutan
Website : https://www.citizenservices.gov.bt/g2cportal/serviceDetails
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How To Apply For FDI Registration Certificate in Bhutan?
The Foreign Direct Investment Registration certificate is the registration of the foreign direct investment application. The certificate is valid for one year within which project proposal and necessary clearances should be submitted for project approval.
Related / Similar Facility : Bhutan Issuance of New Application For Environment Clearance
Visit (https://www.citizenservices.gov.bt/ Application for issuance of License/Certificate > Select your business activity > Is this a Foreign Direct Investment venture? > Select Yes > Enter Name of the Proposed Company > Next > Enter Applicant’s Details > Enter Project Details, Proposed Ownership > Enter Foreign Investor’s Details > Enter Local Investor’s Details > Attached Required Documents > Check “Yes” in the Undertaking > Submit.
Pre-Requisite Processes:
** Proposed Name approved by Registrar of Companies
** Notarized copy of Company Incorporation Certificate if investor is company/Notarized copy of passport and CV if foreign investor is individual
** Company profile/CV of local partner including proof of financial capability such bank statement
** Tax returns/audited accounts of foreign investor for last financial year
** Shareholders’ resolution of foreign investing company
** Power of attorney for the authorized representative
Who Can Apply For FDI Registration Certificate?
Local and Foreign Investors (Individual, Company & Foreign Institutional Investor)
Fees:
No fee required.
Turn Around Time For FDI Registration Certificate
Within 5 working days from the date of receipt of complete application.
Feedback Mechanism:
Telephonic or email to investbhutan [AT] moice.gov.bt
Contact Information:
Name: Mr. Penjor, Sr. Industries Officer / Ms. Karma Wangmo, Asst. Industries Officer
Email ID: penjor [AT] moice.gov.bt / karmaw [AT] moice.gov.bt
Phone number: 02-337624 / 337623
Main Office: Invest Bhutan Division, Department of Industry, Ministry of Industry, Commerce and Employment.
Additional Simplified Procedure
Here’s a breakdown of the process for applying for an FDI Registration Certificate (FDIRC) in Bhutan:
Preliminary Steps:
Company Name Approval: Before applying for the FDIRC, you’ll need to get your proposed company name cleared by the Registrar of Companies. This can be done online through the Corporate Regulatory Authority of Bhutan’s website [CRA Bhutan website]. The approved name remains valid for 60 days, allowing you to submit the FDIRC application.
Main Application Process:
Application Form:
Obtain the FDI Registration Application Form from the Ministry of Economic Affairs’ website [Bhutan MoICE website] and fill it out completely.
Required Documents:
Compile the documents listed in the application form. These typically include:
** Notarized copy of your company’s incorporation certificate (if applicable) or your passport and CV (if individual investor)
** Company profile or CV of local partners (with financial capability proof)
** Tax returns/audited accounts for the past year (of the foreign investor, founder, and SPV if applicable)
** Details of your bank account for transferring equity into a Bhutanese foreign currency account
** Other documents as specified in the FDI Rules and Regulations 2012 [Bhutan FDI rules and regulations]
Submission:
Submit the completed application form along with all required documents to the Department of Industrial Promotion and Cooperation (DIPC) within the Ministry of Economic Affairs.
Post-Submission:
Processing Time:
The Department aims to process and issue the FDIRC within two working weeks upon receiving a complete application.
Next Steps:
Once you receive the FDIRC, you can proceed with obtaining a business license from the relevant Regional Trade and Industry Office within three months.