Healthcare & Life Sciences / Pharmaceuticals

Health and Wellness is one of the eight priority industries of the Gelephu Mindfulness City, and GMC describes it as the bridge between the Spiritual pillar and revenue: integrative medicine, longevity clinics, diagnostics and medical tourism drawing on the Indian catchment. Clinical services are new to GMC at scale, which is exactly the condition on which the founders company exemption under the Income Tax Act 2025 turns, so the argument for that relief, available only by approval and closed to new approvals after 31 December 2030, is at its strongest here. A provider is formed under the Companies Act 2025 with a resident director and a GMC registered office, pays company tax at 15% absent an approval, and hires foreign clinicians under work passes issued by the Controller of Work Passes. Patient data is governed by the Personal Data Protection Act 2012 as applied in GMC through the Application of Laws Act 2024, administered by the GMC Authority. Medical equipment and pharmaceutical imports are treated under the Customs Act 2025, acquired intellectual property attracts writing-down allowances and research and development expenditure is deductible. The sector is governed by the general framework.

Basnet Law Pte. Ltd. advises healthcare, life sciences and pharmaceutical clients on entity formation and priority-industry alignment, founders company applications, site leases through the Economic Development Group, work passes for medical and technical staff, data protection compliance under the applied Act, supply, services and licensing contracts under GMC law, intellectual property structuring, and disputes, and we track the sector rules as GMC publishes them.