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.

2021
April 22Death Anniversary of Zhabdrung (Zhabdrung Kuchoe)
May 2Birth Anniversary of Third Druk Gyalpo
May 26Buddha’s Parinirvana
June 20Birth Anniversary of Guru Rinpoche
July 14Buddha’s First Sermon
September 23Blessed Rainy Day
October 15Dashain
October 27Descending Day of Lord Buddha
November 1King Jigme Khesar Namgyel’s Coronation
November 11Birth Anniversary of the Fourth Druk Gyalpo/Consitution Day
December 17National Day
  • Limited Liability
  • Corporation
  • Partnership
  • 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.

June 10, 2021
Are you planning a business expansion but are unsure of where your next location should be? We get it! Making such a huge decision is no joke because your next business loc...
June 09, 2021
When choosing a new job, there are many factors that need to be taken into consideration. For some, these may include a shorter commute, while for others, the benefits that...
June 08, 2021
Brazil is the ninth-largest economy in the world and is growing in appeal for foreign investors. While payroll compliance in Brazil is complex, you can get a good general i...
June 05, 2021
Setting up new operations in a new country can be a very exciting time for your organization’s growth; It can also be incredibly challenging. Here are a few best practices ...