Education and Knowledge (GMC Priority Industry)

Education and Knowledge is the pillar that supplies every other pillar in the Gelephu Mindfulness City: universities, executive education, research institutes and vocational training for the workforce a city targeting 100,000 jobs by 2030 will require. The talent pipeline programmes already running, including the youth and innovation initiatives launched from 2025, show the demand. Basnet Law Pte. Ltd., the first law firm incorporated in the Gelephu Mindfulness City, advises education providers, research organisations and their funders under the Companies Act 2025, the Income Tax Act 2025 and the Employment of Foreign Workforce Act 2025. This page explains what the framework provides and how we take an institution through it.

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

• Framing the expression of interest to the Education and Knowledge pillar, the first gate at which the Authority assesses business case and sector alignment
• Choosing between a private company limited by shares and the public company form used for non-distributing and membership institutions
• Incorporating through the Gelephu Corporate Registration Office with an empanelled corporate service provider and a resident director
• Securing campus and research sites through the Economic Development Group's long-term lease arrangements
• Work passes and employment contracts for foreign faculty, researchers and trainers
• Founders company applications where the activity is not yet carried on in GMC at adequate scale, before the 31 December 2030 cut-off
• Research deductions, intellectual property allowances and the not-for-profit relief under the Income Tax Act 2025

Read the full guide: Legal Services for Education and Knowledge in GMC.