Procedures for obtaining a Business License in Bhutan

Procedures for obtaining a business license in Bhutan

1. Trade License:

• Obtain license application form (available at http://www.mti.gov.bt or from BCCI);
• Obtain Security clearance for trade license (The security clearance can be processed directly with the RBP);
• Two copies of passport size photos per license;
• License fee;

2. Service License:

• Obtain license application form (available at http://www.mti.gov.bt or from BCCI);
• Obtain Security clearance for trade license (The security clearance can be processed directly with the RBP);
• Two copies of passport size photos per license;
• Clearance from competent authorities depending on the type of license;
• Two copies Project profiles for some services. (Project profile guidelines available at RTIOs);
• Process Environment clearance from RTIO for selected businesses;
• Project approval from Dept of Industry if Project cost is more than 10 million;
• Signed MOU with MOLHR if total the total number of employee is more than 10 persons;
• License fee

3. Contract License:

• Obtain license application form (available at http://www.mti.gov.bt or from BCCI);
• Obtain Security clearance for trade license (The security clearance can be processed directly with the RBP);
• Two copies of passport size photos per license;
• A copy of Construction Development Board registration certificate issued by the Ministry of Works and Human Settlement;
• License fee;

4. Tourism License:

• Obtain license application form (available at http://www.mti.gov.bt or from BCCI);
• Obtain Security clearance for trade license (The security clearance can be processed directly with the RBP);
• Three copies of passport size photos per license;
• Letter from Department of Tourism;
• License fee;

5. Temporary Contract License:

• Obtain Temporary contract license forms from RTIO;
• Letter from the concerned Dept/Ministry awarding the contract;
• Contract Agreement;
• License fee of Nu. 15,000;

6. Ownership transfer:

• Obtain ownership transfer form (available at http://www.mti.gov.bt or from BCCI);
• Transferee should obtain Security clearance for trade license (The security clearance can be processed directly with the RBP);
• Original license;
• Two copies of passport size photos of the Transferee;
• Agreement letter from the transferor;
• Booklet cost of Nu.100;

7. Location Shifting:

• Obtain location transfer form (available at http://www.mti.gov.bt or from BCCI);
• Original copy of the license;
• Booklet cost of Nu 100;

8. Registration Name Change:

• Application to the Regional Director with the new registration name.