Bhutan plans to scrap 50% of all red tape to start business and will further liberalize FDI

In order to deal with the COVID-19 impact on the economy and enhance economic growth, the Ministry of Economic Affairs (MoEA) will be leading efforts to remove various red tape, regulatory and licensing requirements to make it much faster and easier to do business in Bhutan

Oct 09, 2020
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In order to deal with the COVID-19 impact on the economy and enhance economic growth, the Ministry of Economic Affairs (MoEA) will be leading efforts to remove various red tape, regulatory and licensing requirements to make it much faster and easier to do business in Bhutan.

The Minister for MoEA, Lyonpo Loknath Sharma said, “We already have enough policies with us. I feel that the need is to remove regulatory burdens.”

 “Right now, we are in a system of aggressive and vigorous checking when an application is made, but once the business starts then monitoring is very low. We need to move to a system of allowing the business first and then to regulate later,” added Lyonpo.

https://thebhutanese.bt/25123-2/

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