Bhutan has a stable political environment with a Democratic Constitutional monarchy. The government has a pro-business stance and encourages foreign investments through various policies and incentives.
Bhutanese companies enjoy unrestricted entry into India's market. A 2019 study by the World Economic Forum and Bain revealed that Indian households are projected to spend $6 trillion annually by 2030, marking a four-fold increase from 2019.
Bhutan offers a range of incentives to foreign investors, including tax holidays, duty exemptions, and repatriation of profits. The government also provides support services to facilitate the establishment of businesses.
Bhutan benefits from tariff-free and quota-free entry into the markets of the US and EU, excluding arms. Additionally, the country is a participant in the South Asian Free Trade Agreement and has the opportunity to export to neighboring China, India and other Asian countries.
Bhutan's strategic location between two emerging economic giants, India and China, provides opportunities for trade and access to vast consumer markets.
Bhutan's breathtaking landscapes, rich cultural heritage, and unique traditions make it a popular tourist destination. Investments in the tourism sector, such as hotels and infrastructure, can yield significant returns.
Lonely Planet named Bhutan its ultimate travel destination in 2020. Renowned for its awe-inspiring monasteries nestled amidst lush mountains, Bhutan also boasts incredible wildlife, including Asian elephants, Bengal tigers, and one-horned rhinoceros, making it a paradise for nature enthusiasts and adventurers alike.
Bhutan is often referred to as the "Land of Happiness" due to its unique approach to measuring progress and well-being. The country prioritizes the happiness and well-being of its citizens over economic growth, and this philosophy is reflected in its development policy, known as Gross National Happiness (GNH).
Bhutan has a young and skilled workforce, particularly in sectors like IT, engineering, and tourism. Foreign investors can tap into this talent pool for their business operations.
Bhutan is continuously investing in improving its infrastructure, including roads, airports, and communication networks. This ongoing development enhances the ease of doing business for foreign investors.
Bhutan is committed to environmental conservation and sustainable practices. Investors focused on eco-friendly technologies and green initiatives can find a supportive environment for their projects. Bhutan absorbs more carbon dioxide (CO2) from the atmosphere than it emits, making it a net reducer of greenhouse gases. The country achieves this environmental feat through its vast forest cover, which acts as a carbon sink, absorbing more CO2 than Bhutan's industries and energy sectors emit. Bhutan's commitment to environmental conservation and sustainable development has contributed to its carbon-negative status, making it a global leader in environmental stewardship.
Bhutan is rich in renewable energy resources, particularly hydropower. Investors in the energy sector can benefit from the country's potential to export clean energy to neighboring countries. Additionally, Bhutan has the fifth lowest electricity price in the world.
The Bhutanese government provides an enticing offer to businesses: Tax holiday for 5 to 10 years for selected sectors, infrastructure, and economic zones. Concessionary tax rate: 5% for newly established businesses and 15% for existing businesses. Sales tax and customs duty incentives: This attractive package aims to foster a thriving business environment, making Bhutan an appealing destination for entrepreneurs and investors.
Ranking 17th out of the 163 countries across the globe, according to the report of the Global Peace Index (GPI) 2023, Bhutan is the most peaceful country among the South Asian countries. Bhutan boasts a low crime rate and a peaceful society, creating a secure environment for businesses and investors.
Bhutan B&L Consulting provides tailored investment strategies and plans, incorporating in-depth market analysis and compliance with Bhutan's regulations.
Bhutan B&L Consulting establishes essential connections with government officials and aids in navigating bureaucratic processes for necessary FDI approvals and permits in Bhutan.
Bhutan B&L Consulting will gives expert assistance in crafting persuasive investment proposals, showcasing the potential of your business to attract stakeholders in Bhutan.
Bhutan B&L Consulting selects suitable properties and commercial spaces, ensuring a seamless process for property acquisition based on your business needs.
Bhutan B&L Consulting guides you through the entire process of registering your business in Bhutan, handling all necessary licenses and permits.
Bhutan B&L Consulting assists in recruiting skilled local and expatriate workforce, ensuring your business has access to the best talent available.
Bhutan B&L Consulting assists you in applying for employee residence permits, ensuring compliance with immigration regulations.
Bhutan B&L Consulting provides ongoing support and assistance after the investment is made, addressing any concerns and ensuring operational continuity.
Bhutan B&L Consulting informs you with up-to-date market insights and regulatory changes, helping you adapt in Bhutanese markets.