Strategic and Development Company Status Applications

A company whose project matters to the Gelephu Mindfulness City can be taxed at a concessionary rate "of not less than 5%" instead of the standard 15%, for up to 20 years, if it is approved before the end of 2030. The Income Tax Act 2025 lets the designated officer of the Gelephu Mindfulness City Special Administrative Region (GMC) approve a company as a strategic and development company on that basis.

Test whether your project can be presented as one the designated officer may find "expedient in the public interest" to approve.

Define the specified trade or business that will become the qualifying business.

Draft the written application in the prescribed form and particulars, with investment, employment and development commitments.

Negotiate the concessionary rate, the commencement date and the relief period in the letter of approval.

Advise on later amendments: change of business, rate substitution, date changes and extensions within the 20-year cap.

Implement separate accounting for non-qualifying trades and compare the route with the founders company exemption.

Capital-intensive investors in GMC's priority industries, including green energy, aviation and logistics, health, education and finance. Groups locating a regional headquarters or operating hub in GMC. Companies whose business already exists in GMC and so may not meet the founders industry test for the founders company exemption. Investors coordinating land, lease and regulatory clearances through the GMC Economic Development Group and wanting the tax terms settled at the same time.