Forestry & Natural Resources

Forestry belongs to the Agri-Tech and Forestry priority industry of the Gelephu Mindfulness City, and the published proposition rests on the country's forest resource and environmental record: certified timber and non-timber forest products, carbon and biodiversity projects, and processing for the market across the Indian border. GMC's own plan keeps agriculture and forest inside the urban fabric, and the founders company exemption under the Income Tax Act 2025, available by approval only and closed to new approvals after 31 December 2030, is the incentive route GMC has signalled for this pillar. Where a forestry project produces carbon credits or environmental attribute certificates, the Financial Services Act 2025 becomes relevant: an instrument recognised by the Gelephu Financial Services Office is an Environmental Instrument and a specified investment, so dealing in, arranging, advising on or holding such instruments for others by way of business may need a licence, while a company retiring credits against its own footprint falls within the exclusions. Sites come through the Economic Development Group on long-term leases, imported equipment is treated under the Customs Act 2025 at rates set by Gazette order, and foreign staff need work passes. The general company, tax, land, customs and employment framework governs a forestry venture.

Basnet Law Pte. Ltd. advises on entity formation and priority-industry alignment, site leases through EDG, founders company applications, the regulatory perimeter for carbon and biodiversity instruments under the Financial Services Act 2025, supply and offtake contracts under GMC law, customs treatment of equipment and exports, work passes, and disputes. We help resource ventures structure for GMC's framework and keep the structure current with each regulation and Gazette order.