Why Set Up Your Business in Bhutan?
Bhutan, officially the Kingdom of Bhutan is a sovereign nation located in South Asia. A landlocked country in between India and China, enjoyed strong cultural link with Tibet and India subcontinent. A country which is known for its richness of traditions and biodiversity.
So, why set up your business in Bhutan? Setting up business in Bhutan will be a great choice because of the various advantages and opportunities offered for new businesses to grow here. With its strategic geographic location, expansions opportunities, richness in human resource and biodiversity, Bhutan is emerging as a good location for setting up business. You will be able to set up your business while enjoying the traditions and the beauty of nature at the same time.
Expansion Opportunities
A landlocked country in between India, China, Tibet and Nepal, Bhutan enjoyed strong cultural link with Tibet and India subcontinent. The huge potential of Bhutan’s tourism industry was proven whereby it restricts the number of tourist arrivals, imposing a mandatory tariff of $200 per person per day, in order to protect its richness of traditions and the natural environment.
Apart from that, being as a member of the United Nations, Bhutan has diplomatic relations with 52 countries and the European Union, as well as a close strategic partnership with India. Bhutan is also a member of BIMSTEC and a founding member of the South Asian Association for Regional Cooperation (SAARC). On top of that, Bhutan is ranked as the second highest for its per capita income in SAARC. In other words, this will lead to a greater entrepreneurial opportunities to you.
Human Resource
As you set up a business in Bhutan, human resource will not be a major concern for you as most Bhutanese students received education abroad from all over the world. English speaking countries are the major attractions for majority of Bhutanese students, and they returned to homeland upon completion of their study. Hence, communication will not be an issue for you here. Furthermore, the workforce is less expensive.
Stable Environment
It is hard to imagine that Bhutan, the world’s only Buddhist country, has one of the fastest growing GDP in the world. With the richness of the natural resources in the country, Bhutan’s economy is based on selling hydropower, agriculture, forestry and tourism.
Unlike other countries, Bhutan is also known as the happiest country in Asia, the eighth happiest country in the world. Bhutan was identified as an inspiration and role model for the world on how to adapt to globalization while preserving traditions and culture.
With the richness of the biodiversity, expansion opportunities, human resource, environment stability, Bhutan provides great opportunities and support for business. If you are looking for a country to set up business in South Asia, Bhutan will be a great choice.
For further information and guidance regarding the procedures for setting up business in Bhutan, send an email to info@bhutanaccounting.com or visit Bhutan Accounting Solution’s Website.
