Company Registration
1. How and who can form a company? Any one or more persons can form a company by subscribing to Articles of Incorporation and otherwise complying with the provisions of the Companies Act, 2016 in respect of Incorporation. 2. What is the minimum/maximum numbers of persons required? The minimum number of persons required is two for Private Companies and three for Public Companies except for government owned public companies. Whereas there is no maximum number limit for Public Companies and 50 persons for Private Companies. 3. With which kind of business objectives/purpose can a company be formed? For any lawful profit-oriented business only. NGOs and other forms of associations are not registered under the Companies Act of Bhutan, 2016. 4. What about subsidiary companies? Any company/corporation desirous of forming a subsidiary shall fulfil the requirement to own more than 50% shares of the new/subsidiary company and have control over the management accordingly. 5. What is extent of the liability of the shareholders/members? The liability of the shareholders is limited to the amount, if any, unpaid on the shares held by them as mentioned in Articles of Incorporation. 6. What is the mode of incorporation? The mode of incorporation is by registration only.