Register a company in Bhutan, the kingdom that measures happiness.

Set up in Bhutan - the carbon-negative Himalayan kingdom that approves foreign investment project by project, exports hydropower, and is building Gelephu Mindfulness City as its Singapore-inspired open door. Set your watch accordingly: FDI here is an application, not a registry click, and the kingdom chooses its investors as deliberately as they choose it.Bhutan - the carbon-negative kingdom that approves investors project by project, exports hydropower, and is building Gelephu as its Singapore-inspired door. The pace: FDI is an application, not a click.

27 yrs
on the international marketon the market
60+
in-house specialistsspecialists
6,000+
companies servedcompanies served

Updated

Bhutan · at a glance
Legal formPrivate Ltd - FDI
Time to set up2-4 months
Corporate tax25%
FDI modelProject-approved
Gelephu (GMC)The new frontier
Remote setupPartly - one visit expected
Alex Danila
Alex Danila
Your Bhutan specialist
in
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Bhutan in brief

A deliberate kingdom, opening on its own terms.

Bhutan does everything deliberately: the only carbon-negative country on Earth, a tourism model that charges a daily fee to keep volumes low and value high, hydropower exports that fund the state (and, lately, sovereign Bitcoin mining off the same rivers), and a Gross National Happiness framework that screens policy - including foreign investment. FDI arrives through the Department of Industry as an approved project: sector lists define where foreigners may hold up to 100% and where caps apply, minimum investment thresholds scale by activity, and the 2024 policy revision lowered barriers across services and tech.

The story international founders are actually watching is Gelephu: the Mindfulness City, a special administrative region on the Indian border with its own common-law framework, Singapore-inspired institutions and a mandate to host finance, tech, wellness and energy businesses on terms mainland Bhutan never offered. It is being built now - laws passing, anchor investors courted - and early positioning is precisely that: early, with the risks and access that word implies. We run mainland FDI files and GMC conversations alike, labelled for what they are. Bhutan is the opposite of a shelf jurisdiction - it is a country you enter on purpose, and we only take clients who mean it.

Everything deliberate: carbon-negative, happiness-indexed policy, tourism filtered by a daily fee, hydro so abundant the state mines Bitcoin with surplus. FDI clears the Department of Industry first - sector lists, caps, thresholds (opened wider in 2024).

The watched story is Gelephu Mindfulness City: a special region with common-law framework and Singapore-inspired institutions, built now - early means early, and we label it as such. Bhutan is the opposite of a shelf jurisdiction; we only take clients who mean it.

Packages & pricing

Bhutan company - cost & packages.

01 - PRIVATE LTD · FDI PROJECT

Company

from$3,900USD · all-in

Registration of a Bhutanese FDI company - project application, Department of Industry approval, incorporation under the Companies Act, tax registration and the first year of the registered address included.

FDI project application & business planDepartment of Industry approvalCompanies Act incorporationRegistered address in Thimphu - first yearTax (BIT/CIT) registration handledFree pre-qualification consultation

Optional add-ons: GMC positioning advisory - scoped per case · sector licences - scoped per case · accounting - from $200/month · renewal - from $2,500/year.Add-ons: GMC advisory per case · licences per case · accounting from $200/month · renewal from $2,500/year.

Start with Company →
02 - PRIVATE LTD · FDI PROJECT
Most popular

Company + Bank Account

from$5,900USD · all-in

A working Bhutanese company with a local bank account - ngultrum and convertible-currency balances with the kingdom's banks.

Everything in CompanyAccount with BOB or Bhutan National BankAccount application & KYC file preparationConvertible-currency arrangements explainedCompliance onboarding supportDedicated account manager
Start with Banking →
Starting figures, confirmed before engagement. Government and registration fees are itemised; FDI projects are scoped individually.Starting prices; the exact quote comes first. Government fees itemised; FDI projects scoped individually.
What you can do

Popular uses for a Bhutanese company.

FDI sector lists decide ownership caps and thresholds. Hydropower, tourism and priority services lead; the GMC adds its own regime. We map your sector first.Sector lists decide caps and thresholds; the GMC adds its own regime - mapped first.

Hydropower & green energylicensed

The kingdom's engine. Projects with India-bound offtake and state partnership models.

High-value tourismlicensed

Lodges and operators inside the low-volume, high-fee model. Scarcity as the product.

Gelephu (GMC) positioninglicensed

Finance, tech and wellness ventures for the special region as its framework opens.

IT & digital services

The state's push. Data, software and services riding clean power.

Premium agri & exports

Organic, single-origin and Himalayan-branded goods for margin, not volume.

India-facing trade

The open border and rupee-pegged ngultrum make India the natural first market.

Hydropower & energylicensed

The kingdom's engine.

High-value tourismlicensed

Scarcity as the product.

GMC positioninglicensed

The new frontier.

IT & digital

Clean-power services.

Premium agri & exports

Margin, not volume.

India-facing trade

The natural first market.

Why Bhutan

Key advantages of the jurisdiction.

The brand of deliberateness

Carbon-negative, happiness-indexed, scarce. Bhutan's name carries premium by design.Premium by design.

Clean power at source

Hydro so abundant the state mines Bitcoin with the surplus. Energy-hungry ventures notice.The state mines Bitcoin with it.

The GMC frontier

A Singapore-inspired special region being built now. Early doors for the patient.Early doors, labelled as such.

India next door

Open border, pegged currency, treaty ties. The subcontinent's market without its noise.Open border, pegged currency.

Uncrowded everything

Sectors with almost no incumbents. First movers are visible to the ministry by name.First movers known by name.

Stability by constitution

A constitutional monarchy that plans in decades and keeps its word slowly.Plans in decades.

How it compares

Bhutan next to the usual alternatives.

Nepal is bigger and messier; Bangladesh industrial; Sri Lanka maritime; Singapore is what Gelephu studies. Bhutan sells deliberateness. At deliberate pace. Figures current as of 2026.Nepal: bigger, messier. Bangladesh: industrial. Sri Lanka: maritime. Singapore: the GMC's textbook. Bhutan: deliberateness. As of 2026.

CountryCorporate taxEntry modelSignature edge
Bhutan25%FDI approvalBrand + GMC frontier
Nepal25%FDI approvalBigger Himalayan market
Bangladesh27.5% · RMG 12%Registry + BIDAThe industrial engine
Sri Lanka30%Registry + BOIPorts + tourism
Singapore17%Registry - daysWhat GMC studies
BhutanDeliberate
Corporate tax25%
EntryFDI approval
NepalBigger
Corporate tax25%
EntryFDI approval
BangladeshIndustry
Corporate tax27.5% / 12%
Entryregistry
Sri LankaPorts
Corporate tax30%
Entryregistry + BOI
SingaporeThe textbook
Corporate tax17%
Entrydays
Requirements

What Bhutanese law actually demands.

01
FDI approval first - The project. Sector, investment, jobs. Clears the Department of Industry before incorporation.
02
Sector caps & thresholds - Ownership up to 100% in listed sectors, capped in others; minimum investment scales by activity.
03
Shareholders & directors - Companies Act norms. With local presence expectations for operating ventures.
04
Registered address - A Bhutanese seat - included; real premises follow the licence.
05
Convertible-currency rules - Foreign investment enters and repatriates through documented channels - planned openly.
06
Accounts & filings - Annual filings under the Companies Act and tax law. Carried by our local accountants.
How it works

From application to an approved company in months.

Bhutan runs approval-first and unhurried - the calendar is what it is, and the file quality decides it.Pre-qualification, ministry file (2-4 weeks), FDI approval (1-2 months), incorporation, licences, bank - 2-4 real months.

01
Pre-qualification

Sector, caps, thresholds and whether Bhutan genuinely fits. Answered before anything is filed.

Same day
02
Project file

Business plan, investment schedule and KYC built to ministry standard.

2-4 weeks
03
FDI approval

The Department of Industry reviews and approves the project.

4-8 weeks
04
Incorporation

The company registers under the Companies Act.

1-2 weeks
05
Licences & tax

Sector licences and tax registration completed.

2-4 weeks
06
Banking & operations

Accounts opened; one visit typically anchors the launch.

2-4 weeks
Quick facts
Legal formPrivate Ltd - FDI
Corporate tax25%
Dividends10%
Entry modelProject approval
Total timeline2-4 months
CurrencyNu - INR-pegged
Renewal & accountingFrom $2,500/year

The ministry reads business plans closely and remembers names - the file is the reputation, and we write it that way.

On the ground

On the ground in Bhutan.

Prifinance - Bhutan
Thimphu
Thimphu, Bhutan
+44 748 881 18 54info.en@prifinance.com
Mon-Fri · replies within one business day
01
Himalaya-desk specialists

Your file is run with Thimphu counsel who know the ministry and its expectations.

02
FDI files that pass

Business plans written to the standard the kingdom actually reads.

03
GMC watch

The Gelephu framework tracked as it opens. Clients briefed as doors become real.

04
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Kyrgyzstan
32 Razzakov Street
Taxation 2026

Plain rates, papered flows.

Bhutanese companies pay corporate tax at 25% (higher for some regulated sectors), with dividends taxed at 10%. Sales-tax machinery applies pending the long-planned GST. Foreign investment enters and repatriates through documented convertible-currency channels - the planning line for every FDI case. The GMC will carry its own fiscal framework.25% corporate, 10% dividends, sales tax pending GST, repatriation through documented channels - the GMC writes its own frame.

Corporate - 25%

The standard rate; sector regimes vary and are quoted per licence.Sector regimes vary.

Dividends - 10%

The exit line, planned with the convertible-currency channel.Planned at entry.

Sales tax era

GST remains pending; sales-tax rules apply meanwhile. Mapped per activity.GST still pending.

GMC fiscal frame

The special region writes its own rules. Tracked as they publish.Tracked as it publishes.

Levies in 2026
Corporate income tax25%
Dividends10%
Sales tax (pre-GST)By activity
Tourism SDF$100/night - the model
CurrencyNu - INR peg
Renewal & accountingFrom $2,500/year

Owners remain responsible for tax where they live - and repatriation is planned at entry, through the documented channels the kingdom expects.

Your team

The specialists who'll handle your case.

Dmitri Mihhailov
Dmitri Mihhailov
Managing Partner

Founder of Prifinance. 15+ years structuring international companies, banking and licensing for founders worldwide.

Eugeniu Bevziuc
Eugeniu Bevziuc
International Business Consultant

Guides clients from the first consultation to a working setup - companies, accounts and substance in 60+ jurisdictions.

Alex Danila
Alex Danila
Corporate Services Specialist

Handles incorporation paperwork, KYC and bank introductions so your Bhutan project launches without delays.

Follow Prifinance

Active across our channels.

The deliberate kingdom, entered deliberately - FDI file, licence, bank and the GMC watch in one deliberate project.

Talk to a specialist →
FAQ

Bhutan, on its own terms.

Can I open a Bhutanese company without visiting?+

The file work runs remotely, but Bhutan is a relationship kingdom: the ministry may wish to meet serious investors, banks prefer it, and operating licences assume presence. Plan one visit around approval - most clients find it the easiest sell of the project.

How much does it cost?+

Turnkey FDI registration starts from $3,900 including the project application, approval follow-through, incorporation and first-year address; with banking from $5,900. Sector licences and GMC advisory are scoped per case. Renewals with accounting run from $2,500 a year.

How does Bhutanese FDI actually work?+

Approval-first: your project - sector, investment amount, employment, plan - clears the Department of Industry before any company exists. Sector lists set where foreigners hold up to 100% and where caps apply; thresholds scale by activity; the 2024 revision opened more doors. It is deliberate by design, and the file quality decides the calendar.

What is Gelephu Mindfulness City, really?+

Bhutan's biggest bet: a special administrative region on the Indian border with its own common-law framework and Singapore-inspired institutions, mandated to host finance, tech, energy and wellness ventures under rules mainland Bhutan never offered. It is being built now - legislation passing, anchors courted. «Early» means exactly that: access and uncertainty together. We track it live and brief clients as doors become real, without selling futures as present.

What taxes will the company pay?+

25% corporate (sector regimes vary), 10% on dividends, sales-tax machinery pending the GST. Repatriation runs through documented convertible-currency channels planned at entry. The GMC will publish its own fiscal frame. We quote your sector's numbers, current and sourced.

Why do energy-hungry businesses look at Bhutan?+

Hydropower so abundant the state itself mines Bitcoin with surplus - clean, cheap, sovereign-backed electricity in a world pricing exactly that. Data, compute and green-industry ventures are the conversations Thimphu wants to have; the GMC is being wired for them.

How does the tourism model work for investors?+

High value, low volume, by law: the Sustainable Development Fee (now $100 per night) filters the market to premium travellers, which is precisely the opportunity - lodges and experiences at margins mass destinations lost. Licences follow the model; we structure operators inside it, not against it.

How is banking?+

Small and functional: Bank of Bhutan and Bhutan National Bank hold ngultrum and convertible-currency accounts, with the INR peg anchoring the currency. International flows are documented rather than exotic. The FDI approval is itself the KYC backbone - banks respect the ministry's stamp.

Bhutan or Nepal?+

Nepal offers a larger Himalayan market with noisier politics and similar approval-first entry. Bhutan offers scarcity, the brand, cleaner administration and the GMC option. Volume plays lean Kathmandu; premium and frontier positioning lean Thimphu. We run both files and say which fits.

How long does it take?+

Plan two to four months: weeks to build the file, one to two months at the ministry, then incorporation, licences and banking. The GMC runs its own emerging calendar. Bhutan cannot be rushed; it can be prepared for, and preparing you is the service.

Client notes
Google4.7★★★★★

Founders who wanted it done right.

Google4.7★★★★★
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“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…”
K N
K N
Google
★★★★★Google
“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”
Mina Kedis
Mina Kedis
Google
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Юрий Валерьевич
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Anna Anna
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★★★★★Google
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Maria Jose Santome
Maria Jose Santome
Google
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Tell us about your plans and a specialist will reply within one business day with a frank pre-qualification - mainland FDI, GMC positioning or a different flag - a timeline and a fixed quote.A Bhutan specialist will reply within one business day with a frank pre-qualification, a timeline and a fixed quote.

No obligation; pre-qualification is freeSector caps and thresholds checked firstTransparent fixed fees, confirmed up frontEN · RU speaking team
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