Aviation and Logistics (GMC Priority Industry): Legal Advisory

Aviation and Logistics is the Gelephu Mindfulness City pillar that depends most on a thing that is not finished. Gelephu International Airport is planned, not open, with a reported first phase capacity of about 1.3 million passengers a year. What exists now is the border position adjacent to Assam, the Customs Act 2025 with its free trade zone and warehousing regime, and a clear policy intention, so forwarding, bonded warehousing, maintenance and ground handling become investable as the airport is delivered. Basnet Law Pte. Ltd., the first law firm incorporated in the Gelephu Mindfulness City, advises airlines, forwarders, warehouse operators, lessors and financiers under the Customs Act 2025, the Income Tax Act 2025 and the Companies Act 2025. This page explains what the framework provides and how we position an operator.

Basnet Law Pte. Ltd. advises clients in this pillar on:

• Framing the expression of interest to the Aviation and Logistics pillar, the first gate in registration
• Choosing between a GMC company and a branch, so an operator can position early with a light entity rather than commit fixed assets against an opening date
• Structuring operations around customs airports, customs stations and free trade zones, which sit outside the customs territory
• Warehouse, manufacturing and duty-free licence applications, customs rulings and drawback claims
• Tax advice for non-resident carriers whose profits from passengers and cargo loaded in GMC are treated as accruing in GMC
• Strategic and development company applications for a rate of not less than 5%, before the 31 December 2030 cut-off
• Carriage, forwarding, handling and warehousing contracts under GMC law, and aviation and transport insurance placement through a licensed firm

Read the full guide: Legal Services for Aviation and Logistics in GMC.