Energy and Infrastructure

An energy or infrastructure project in the Gelephu Mindfulness City touches almost every part of the new statute book at once: a site lease through the Economic Development Group, a tax incentive that must be approved before 31 December 2030, security for lenders, customs treatment for imported equipment, and a regulator that treats carbon credits as financial instruments. Basnet Law Pte. Ltd. is the first incorporated law firm in GMC.

Project structuring through GMC companies, LLPs or limited partnerships, with the resident-director and head-office requirements of the Companies Act 2025 handled.

Site acquisition through the Economic Development Group's land identification and long-term lease arrangements.

Incentive applications: the founders company exemption for a founders industry and the strategic and development company concessionary rate of not less than 5% under the Income Tax Act 2025, both closed to new approvals after 31 December 2030.

Capital allowances on plant and machinery at 33⅓% a year and approved foreign loans for productive equipment.

Project finance: security over project assets and floating charges registered within 30 days under the Companies Act 2025, and withholding on interest paid to foreign lenders.

Carbon and renewable energy certificates as Environmental Instruments under the Financial Services Act 2025.

Renewable energy developers and independent power producers. Data centre and digital infrastructure operators seeking green power. Lenders and investors financing GMC projects. Equipment suppliers and EPC contractors.