Bhutan Geography, Economy, and Culture
A small landlocked kingdom in the Himalayas, Bhutan is bordered by Tibet and India. The Bhutanese name for Bhutan is Druk Yul, meaning “Land of the Thunder Dragon” and it only began to open up its borders and culture to outsiders in the 1970s.
Bhutan has never been colonized by outsiders and bases its national identity on Buddhism. The country is also known for tracking its Gross National Happiness, along with its GNP for economic purposes. Bhutan also became a two-party parliamentary democracy after elections in March 2008.
Its landscape is primarily mountainous, with deep valleys draining into the Indian plains. Most of its population lives in the central highlands. It also has a rich and varied wildlife including the golden langur, the Bengal tiger and the clouded leopard. Its largest city is its capital, Thimphu, and the national language is Dzongkha (Bhutanese), one of 53 languages in the Tibetan language family.
|April 22||Death Anniversary of Zhabdrung (Zhabdrung Kuchoe)|
|May 2||Birth Anniversary of Third Druk Gyalpo|
|May 26||Buddha’s Parinirvana|
|June 20||Birth Anniversary of Guru Rinpoche|
|July 14||Buddha’s First Sermon|
|September 23||Blessed Rainy Day|
|October 27||Descending Day of Lord Buddha|
|November 1||King Jigme Khesar Namgyel’s Coronation|
|November 11||Birth Anniversary of the Fourth Druk Gyalpo/Consitution Day|
|December 17||National Day|
- Limited Liability
- Corporate Tax: 26%
- Income Tax (Lowest Marginal Rate): 0%
- Income Tax (Highest Marginal Rate): 25%
- VAT/GST/Sales Tax: N/A
- Druk PNB Bank (Local Bank)
- T Bank Bhutan (Local Bank)
- Bhutan Development Bank (Local Bank)
- Bhutan National Bank (Commercial Bank)
- State Bank Of India BHUTAN (Foreign Bank)
Aadmi can support you with your expansion to Bhutan. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.