Technology businesses in the Gelephu Mindfulness City sit across two of its eight priority industries: Green Energy and Technologies, where hydropower anchors data centres, compute and grid technology, and Finance and Digital Assets, where software meets a regulated perimeter. GMC has no telecommunications, media or technology statute of its own. Its technology law is applied by reference: the Application of Laws Act 2024 brings in the Personal Data Protection Act 2012, the Electronic Transactions Act 2010 and the Spam Control Act 2007, read with modifications and administered by the GMC Authority until separate bodies exist, and the received common law and equity apply in civil and commercial matters. Software is not automatically regulated: the Financial Services Act 2025 excludes arrangements that do not bring about a transaction, the mere provision of means of communication and pure order routing, but a Licensed Firm that outsources to a technology provider remains responsible for the outsourced function and must notify material arrangements to the regulator. On tax, the company rate is 15% under the Income Tax Act 2025, computers and automation equipment attract accelerated write-offs, research and development expenditure is deductible, acquired intellectual property is written down over five, ten or fifteen years at the company's election, and royalties paid abroad attract withholding. There is no GMC intellectual property registry, so licensing, assignment and confidentiality agreements under GMC law carry the protection, and the Unfair Contract Terms Act 2026 leaves parties free to allocate intellectual property risk.
Basnet Law Pte. Ltd. advises software, platform, infrastructure and telecommunications ventures on entity formation and priority-industry alignment, perimeter opinions under the Financial Services Act 2025, data protection and electronic contracting under the applied Acts, software, SaaS, cloud and outsourcing agreements, intellectual property licensing and tax structuring, work passes for technical staff, and disputes.
