Tentmaker Reports

Bhutan Report

Entrepreneurial Missions Index

41.64

General Information

Population

753,947 (151st most populous country in the world)

RELIGIONS
Lamaistic Buddhist75.0%
Hinduism25.0%
LANGUAGES
Dzongkha
Tibetan Dialects
Nepalese Dialects

Industries

Cement, wood products, processed fruits, alcoholic beverages, calcium carbide, tourism

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about Bhutan, visit https://www.cia.gov/library/publications/the-world-factbook/geos/bt.html.

Business Information

The World Bank ranks Bhutan as 122 out of 183 economies in terms of ease of doing business. The country ranks as 0 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in Bhutan.

In order to start a business in Bhutan, one must follow these procedures:

  1. Obtain a clearance from the Royan Bhutan Police
  2. The company submits project proposal to Department of Industry, Project Development Services Division
  3. Register with the Registrar of Companies
  4. Apply for a trade / industrial license at the Regional Trade and Industrial Office (under Ministry of Trade)
  5. Apply for taxpayer identification number and register the company for specific taxes
  6. Make a company seal
  7. Open a bank account
  8. File the evidence of operating bank account with the Registrar of Companies

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in Bhutan, visit http://www.doingbusiness.org/.

 

To learn more...

 

Bhutan Economic Freedom

The World Economic Forum (WEF) was founded in 1971 by Klaus Martin Schwab at the University of Geneva in Switzerland.  It is a non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss both economic and social issues facing the world.  The WEF also serves as a think tank, and publishes a wide range of reports focusing on issues of concern and importance to Forum communities. In particular, Strategic Insight Teams focus on producing reports of relevance in the fields of competitiveness, global risks and scenario thinking.  The Global Competitiveness Report measures competitiveness of countries and economic competitiveness among a wide range of factors such as corruption, tax rates, work ethic, and many others.
 

Bhutan Summary

 

1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project

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