Company registration in Bhutan

Name of service Bronze Silver Gold
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Legal address for 1 year We provide a legal address for your company in this jurisdiction, eliminating the need to purchase or rent real estate
Support in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Services of local director for 1 year Providing a resident director of a given jurisdiction or the EU, which is necessary for registering a company and opening an account at a local bank
Total cost
Оn request Оn request Оn request
Accounting services
Оn request Оn request Оn request
Annual renewal (paid from the second year)
Оn request Оn request Оn request

Special offer

If you will register a company until March 31,
opening a bank account is for FREE

Send a request
6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

Bhutan is a small kingdom located in the southern foothills of the Eastern Himalayas. A constitutional monarchy rules the country. Setting up a company in Thimphu or any other city in Bhutan will interest entrepreneurs who plan to do business east of the continent. The kingdom is a member of the South Asian Association for Regional Cooperation. Foreigners can open a company in Bhutan, but the procedure is complicated.

Advantages of registering a company in Bhutan

  • the political stability of the jurisdiction;
  • existing free trade agreements with India give entrepreneurs access to a large and promising market;
  • the availability of a wide range of economic incentives.

Main forms of legal presence and doing business

  • public company;
  • private company.
At the same time, the owner can buy a company in Bhutan and change its legal form.

Business registration procedure

  • reserve a unique company name;
  • obtain an SCC security certificate from the Royal Bhutan Police;
  • form a commercial proposal for submission to the Industrial Department (IDD) of the Ministry of Economy;
  • register a company in Bhutan with the Registrar of Companies;
  • obtain a business license from the Regional Trade and Industry Department of the Ministry of Economy;
  • apply for a taxpayer identification number and register with the tax office;
  • open a local bank account to conduct business.

Company registration in Bhutan may vary depending on the form of land ownership, environmental permit, and whether the company will be located within a municipality.

Legislation and regulatory environment

The Companies Act is the primary legal act regulating companies' opening and operation.

Bhutan's legislation defines the allowable share of foreign capital in starting a business. With 100% foreign investment, companies engaged in health care, infrastructure projects, IT, and others can be established. If a non-resident entrepreneur wants to open a firm in Bhutan involved in other activities, the local state-owned Druk Holding and Investments (DHI) can be chosen as a partner.

Tax system

  • corporate tax - 30%;
  • sales tax - from 5 to 100% (on tobacco products);
  • personal income tax - flexible rate from 0% for income below 100,000 Bhutanese Ngultrums (about US$1,200) to 152,500 Bhutanese Ngultrums (about US$1,850)+ 25% if income exceeds 1 million Bhutanese Ngultrums.

The Department of Revenue and Customs administers all taxes.

Companies must submit annual financial statements to the supervisory authority and be audited.

Starting a company in Bhutan has become more profitable since the enactment of the Tax Incentives Act 2021, which establishes tax vacations for up to 10 years and a 5-year tax rate reduction for selected economic sectors, as well as many other preferences.

Opening a business in Bhutan: how the lawyers of Prifinance can assist

The current legislation of the Kingdom allows foreign investors to get significant tax advantages and build profitable relationships with Asian partners. Prifinance lawyers will advise on all the nuances of doing business in the jurisdiction, support you to register a company in Bhutan, and keep accounting records.

Cooperation

Our clients

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I NI N
10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
K NK N
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
Юрий ВалерьевичЮрий Валерьевич
07:50 21 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Анастасия ОдокиенкоАнастасия Одокиенко
11:09 26 Jan 24
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again
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