How to Register a New Company In Bhutan

Register a New Company In Bhutan By Online

  1. Begin by creating user credentials by putting your business name by clicking the Registration icon on the home page of the online website
  2. How to Register a New Company In Bhutan
    How to Register a New Company In Bhutan
  3. Fill out the online application form to register a business on the official site of the Registrar of Companies – Online Website
  4. Complete the online application form along with any other necessary documents required for the respective categories of companies below.
  5. You can pay all fees required online through the online website by logging in with your login credentials and the local bank account number.

Required Documents For Register a New Company 

New Domestic Company registration
Apply online at http://www.cra.gov.bt/ with the following documents in soft copy (PDF/JPEG FORMAT) (start the application using the registration/name search icon on the homepage):

  1. Photograph (For Bhutanese he/she should have an up-to-date passport size photograph dressed in national attire with white background) and the signatures (Signature is required to be the format of an image with a the background white) of all Directors, CEOs or Applicant as well as Witness stored on the drive.
  2. All the CID numbers of above mentioned persons and valid police clearance certificate (SCC) number from SCC system to be verified online at http://www.cra.gov.bt.
  3. Application must be submitted using the company’s email address for an online submission.
  4. Applicant must supply Paid-up capital with face value and authorise capital, shareholding pattern, number. of the Board of Directors Address of Registered Offices (Dzongkhag, Gewog, Village and Postal Address) on the registration form.

For Domestic Business that is already operating to incorporation of a company
Apply online at http://www.cra.gov.bt/ with the following documents in soft copy (PDF/JPEG FORMAT) (start the application using the registration/name search icon on the homepage):

  1. Photograph (For Bhutanese he/she should have an up-to-date passport size photograph with a white national dress background) and the signatures (Signature must be recorded in the format of an image with a an white backdrop) of all Directors, CEOs or Applicant as well as Witness stored on an external drive.
  2. All the CID numbers of above mentioned persons and valid police clearance certificate (SCC) number from SCC system to be verified online at http://www.cra.gov.bt.
  3. The applicant should use their email address of the company for an online submission.
  4. The applicant must provide the capital paid-up with face value and authorise capital, shareholding pattern number. of the Board of Directors and Registered office address (Dzongkhag, Gewog, Village and Postal Address) on the application form.
  5. Bank Details of the company’s account.
  6. A letter asking for NOC from all financial institutions lending to the public (BoB, BNB, TBL, DPNB, RICB, BIL, BDBL, NPPF) (scanned version as PDF).
  7. The most recent Audited balance sheet (Scanned version available in pdf). OR
  8. The most recent statements of financials (unaudited) with a Text approval certificate issued by DRC for the last 1 year(Scanned version as PDF).
  9. Valid licenses that are currently in use to be integrated (Scanned copies in PDF).

The FDI is a form of Individual Investors incorporation.
Apply online at http://www.cra.gov.bt with the following documents in soft copy (PDF/JPEG FORMAT) (start the application using the registration/name search icon on the homepage):

  1. Photos (For Bhutanese he/she should have an up-to-date passport size photograph dressed in national attire with white background) and the signatures (Signature must be recorded in the format of an image with a the background white) of the CEO, Directors and Applicant, as well as Witness stored on the drive.
  2. All the CID numbers of above mentioned persons and valid police clearance certificate (SCC) number from SCC system to be verified online at http://www.cra.gov.bt.
  3. Application must be submitted using the company’s email ID to complete an online submission.
  4. The applicant must provide the capital paid-up in the face value, and also authorize capital, shareholding pattern, number. of the Board of Directors and Registered office address (Dzongkhag, Gewog, Village and Postal Address) on the application form.
The INVESTOR’S INDIVIDUAL FOREIGN INVESTOR will be required to upload:
  1. CV of foreign investors (Scanned version of the CV in pdf).
  2. Notarized Passport of all investors/authorized individualsNotarized by a the public notary(Scanned version as PDF).
  3. Joint Venture Agreement between the investors/Shareholders(Scanned copy in PDF).
  4. FDI Registration Certification given through FDI Division, DoI, MoEA (Scanned version as PDF).

FDI through Institutional Investors.
Apply online at http://www.cra.gov.bt with the following documents in soft copy (PDF/JPEG FORMAT) (start the application using the registration/name search icon on the homepage):

  1. Photograph (For Bhutanese he/she should have at least a passport-sized photo of the last few years with a white national dress background) and the signatures (Signature is required to be image format and have a an white backdrop) of the CEO, Directors or Applicant as well as Witness kept on an external drive.
  2. All the CID numbers of above mentioned persons and valid police clearance certificate (SCC) number from SCC system to be verified online at http://www.cra.gov.bt.
  3. Application must be submitted using the company’s email address for an online submission.
  4. Applicant must supply Paid-up capital with face value, the authority to use capital, shareholding pattern and no. of the Board of Directors Address of Registered Offices (Dzongkhag, Gewog, Village and Postal Address) on the application form.
THE FORIEGN INSTITUTIONAL INSVESTOR will need to download the following documentation:
  1. Notarized Passports of all investors/authorized persons – Notarized with a an authorized Public Notary (Scanned copies to upload).
  2. Joint Venture Agreement between the investors/Shareholders (Scanned copy to be uploaded).
  3. Certificate of FDI Certificate (Scanned version to upload)
  4. Notarized certificate of incorporation of the foreign investment companyNotarized by a an authorized public notary.
  5. Notarized copy of the Articles of Incorporation of the foreign investor corporation. Notarized by a licensed public notary.
  6. Resolution passed by the shareholder’ meeting for the INstitutional investor confirming that the company’s decision to make an investment in Bhutan.

Office Locations and Contacts

Ministry of Economic Affairs
Office of the Registrar of Companies Corporate Regulatory Authority of Bhutan
Head of Division (Registrar of Companies) 02-325637
Office Number 02-325062

Foreign Direct Investment Division (FDI)
Division Head (Industries Officer): 02-337626
Office Number 02-337623

Website : http://www.cra.gov.bt

Eligibility

More than two people who are the age of 18 and who wish to register an organization as a business under the Companies Act of the Kingdom of Bhutan 2016.

Fees

  • Private Limited Company: Nu.7000 (one time fee, non-refundable) i.e Nu.2000 represents name registration fees, and Nu.5000 is incorporation fees.
  • The Public Limited Company is Nu.10,000 (one one-time Non-Refundable fee)i.e Nu.2000 represents name registration fees. Nu.8000 is incorporation fee.

Anyone may form a business by submitting Articles of Incorporation and otherwise following the requirements in the Companies Act, 2016 in regards to incorporation.

Validity

The certificate is valid until revoked, cancelled by law or corporate actions initiated by company officials/stakeholders in keeping with provisions of Companies Act of BHutan, 2016.

Documents to Utilize

Visit : http://www.cra.gov.bt

Processing Time

The process can be completed in 3 working days. However, when the documents aren’t complete It could take a maximum of 7 working days.

Instructions

Registration forms must be filled out and processed by the Registry of Companies, Ministry of Economic Affairs via an online application on www.cra.gov.bt. The payment process can only be done on the internet using a domestic bank account or number.

Requirements Information

  • Name of the business
  • Office location
  • Authorized Capital
  • Name and address of the chief and first Director of the business.
  • Witnesses’ names and job

The Document is required

A company has to be registered in order to be recognized as a legal entity. The company that is registered has rights and obligations necessary to conduct business transactions except for certain transactions that are prohibited by law.

Other uses for the Document/Certificate

  1. To operate any legally permitted business under the name of a Corporate Entity that is incorporated under the Companies Act of Bhutan, 2016.
  2. To to enter Bhutan via the FDI route for business in Bhutan as per FDI policies of Bhutan.

External Links

Citizens Services Website of Bhutan: https://www.citizenservices.gov.bt/web/guest/home

Other

Always go to www.cra.gov.bt to get the most current and accurate information, advice, and guidance about doing businesses with Bhutan (FDI) as well as the Registration of a Company in Bhutan.

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