Location: Suite 413, Level 4, Choego Building,  Gelephu, Bhutan, 31101

 

Phone: +97577961648

 

Email: office@basnetgmc.com

 

Alt: basnet@basnetgmc.com

Location: Suite 413, Level 4, Choego Building,  Gelephu, Bhutan, 31101

 

Phone: +97577961648

 

Email: office@basnetgmc.com

 

Alt: basnet@basnetgmc.com

Basnet Law Pte. Ltd.

Our Legal Insights section provides practical analysis, updates, and guidance across the areas that matter most to businesses, policymakers, and individuals in Bhutan. Each insight is written to simplify complex issues, highlight regulatory developments, and help you make informed decisions with confidence.

Web3 Project Structure in GMC: Holdco, Devco, Token Issuer

How to Structure a Web3 Project in GMC: Holding Company, Development Company, Token Issuer and Treasury

Basnet Law Pte. Ltd.20 September 2026 Crypto & Digital Assets 11 Views
GMC Accelerated Licensing Pathway for Licensed Firms

The GMC Accelerated Licensing Pathway for Globally Licensed Firms: Eligibility, Process and Banking

Basnet Law Pte. Ltd.20 September 2026 Financial Services Licensing 19 Views
Variable Capital Companies in GMC: Cells and Governance

Variable Capital Companies in GMC: Umbrella Funds, Segregated and Incorporated Cells, and the Governance Rules

Basnet Law Pte. Ltd.20 September 2026 Funds & Family Offices 18 Views
Funds and Investment Managers in GMC: Licensing and Tax

Funds and Investment Managers in GMC: Fund Types, Manager Licensing and the 5% and 10% Tax Rates

Basnet Law Pte. Ltd.20 September 2026 Funds & Family Offices 13 Views
Single-Family Office in GMC: Notification, 15-Year Exemption

Single-Family Offices in GMC: Notification, the 15-Year Tax Exemption and the Trust Structure

Basnet Law Pte. Ltd.20 September 2026 Funds & Family Offices 13 Views
Family Offices and Funds in GMC: Licensing, Tax, Structure

Family Offices and Investment Funds in GMC: Licensing, Tax Incentives and Structuring under the 2026 Guidelines

Basnet Law Pte. Ltd.20 September 2026 Funds & Family Offices 30 Views
GMC: A Special Administrative Region by Design

A Special Administrative Region by Design, Not by Default: His Majesty's Vision for Gelephu

Basnet Law Pte. Ltd.19 September 2026 Perspectives 15 Views
GMC Priority Sectors: The Eight Pillars Explained

The Eight Pillars: GMC's Priority Sectors and Why They Decide Whether You Get In

Basnet Law Pte. Ltd.19 September 2026 Perspectives 20 Views
Is Gelephu Mindfulness City Legitimate? Risk Assessment

Is Gelephu Mindfulness City Legitimate? What Is Verifiable Today

Basnet Law Pte. Ltd.19 September 2026 Perspectives 24 Views
How to Get a Crypto Exchange Licence in GMC

How to Get a Crypto Exchange Licence in GMC: The Process Step by Step

Basnet Law Pte. Ltd.19 September 2026 Perspectives 18 Views
Offshore Company or GMC Company? Substance in 2026

Offshore Company or GMC Company? Structuring for the Substance Era

Basnet Law Pte. Ltd.19 September 2026 Perspectives 15 Views
Where to Register a Crypto Company in 2026 | GMC

Where to Register a Crypto Company in 2026, and Where GMC Fits

Basnet Law Pte. Ltd.19 September 2026 Perspectives 17 Views
Living and Working in Gelephu: Relocating to GMC

Living and Working in Gelephu: What Relocating Involves

Basnet Law Pte. Ltd.19 September 2026 Perspectives 15 Views
Gelephu Mindfulness City Explained: 2026

Gelephu Mindfulness City Explained: What GMC Is and How It Works in 2026

Basnet Law Pte. Ltd.18 September 2026 Perspectives 25 Views
Bhutan and GMC Tax Rates: What Companies and Individuals Pay

Bhutan and GMC Tax Rates: What Companies and Individuals Pay

Basnet Law Pte. Ltd.18 September 2026 Perspectives 17 Views
Bhutan Bitcoin: Hydropower Mining to the 10,000 BTC Pledge

Bhutan's Bitcoin Story: From Hydropower Mining to the 10,000 BTC Pledge

Basnet Law Pte. Ltd.18 September 2026 Perspectives 16 Views
Is Crypto Legal in Bhutan? The 2026 Position

Is Crypto Legal in Bhutan? The 2026 Position for Bhutan and GMC

Basnet Law Pte. Ltd.18 September 2026 Perspectives 16 Views
Start a Business in Gelephu Mindfulness City: Cost & Steps

How to Start a Business in Gelephu Mindfulness City: Costs, Steps and Timeline

Basnet Law Pte. Ltd.18 September 2026 Perspectives 17 Views
GFSO Licensing in GMC: Fast-Track, Banking and Reality

One Regulator, One Door: The GFSO Model and the Licence-Plus-Banking Problem

Basnet Law Pte. Ltd.18 September 2026 Perspectives 16 Views
GMC 0% Personal Income Tax to 2030 and Work Passes

Hiring in GMC: What 0% Personal Tax to 2030 Means for Employers

Basnet Law Pte. Ltd.18 September 2026 Perspectives 12 Views
Redomiciliation to GMC: Transfer of Registration Explained

Leave Cayman, Keep Your Company: Redomiciliation as GMC's Quiet Advantage

Basnet Law Pte. Ltd.17 September 2026 Perspectives 17 Views
Carbon Credits and Clean Energy Regulation in GMC

The Green Jurisdiction: Where Carbon, Clean Energy and Digital Assets Converge

Basnet Law Pte. Ltd.17 September 2026 Perspectives 10 Views
GMC Tax Vehicles for Founders, Family Offices, Funds

Who GMC Was Built For: Founders, Family Offices and Fund Managers

Basnet Law Pte. Ltd.17 September 2026 Perspectives 18 Views
Tokenisation in GMC: Stablecoins, Gold and Real-World Assets

Tokenisation Has a Home: Stablecoins, Gold and Real-World Assets in GMC

Basnet Law Pte. Ltd.17 September 2026 Perspectives 14 Views
GMC Imported Common Law: Singapore Law in Gelephu

Borrowed Certainty: How GMC Gave Investors Fifty Years of Case Law on Day One

Basnet Law Pte. Ltd.17 September 2026 Perspectives 18 Views
GMC Tax Incentives: The 2030 Deadline Explained

The 2030 Window: Why the Next Four Years Are the Cheapest GMC Will Ever Be

Basnet Law Pte. Ltd.17 September 2026 Perspectives 15 Views
GMC Special Administrative Region: Not Another Free Zone

The New Form of SAR: How GMC Differs from a Free Zone

Basnet Law Pte. Ltd.17 September 2026 Perspectives 17 Views
10 Reasons Crypto Companies Are Choosing Gelephu (GMC)

Why Gelephu Is the Next Destination for Crypto Companies: Ten Reasons

Basnet Law Pte. Ltd.17 September 2026 Perspectives 37 Views
GMC Land and Leases: Site Acquisition Guide for Investors

Land, Leases and Site Acquisition in GMC: Securing a Long-Term Site

Basnet Law Pte. Ltd.16 September 2026 Commercial & Disputes 11 Views
GMC Customs Act 2025: Import, Export and Duty Guide

Importing and Exporting Through GMC: The Customs Act 2025

Basnet Law Pte. Ltd.16 September 2026 Commercial & Disputes 11 Views
GMC Dispute Resolution: Courts, Arbitration & Enforcement

Dispute Resolution in GMC: Courts, Final Adjudication, Arbitration and Enforcement

Basnet Law Pte. Ltd.16 September 2026 Commercial & Disputes 11 Views
GMC Sale of Goods Act 2026 & Unfair Contract Terms Guide

Commercial Contracts in GMC: The Sale of Goods Act 2026 and the Unfair Contract Terms Act 2026

Basnet Law Pte. Ltd.16 September 2026 Commercial & Disputes 13 Views
GMC Employer Offences: Foreign Workforce Act Penalties

Employer Criminal Exposure in GMC: Proscribed Workforce Practices, Kickbacks and Prescribed Infringements

Basnet Law Pte. Ltd.16 September 2026 Immigration & Employment 12 Views
GMC Employment Act 2025: Hiring, Pay and Termination Guide

Hiring in GMC: The Employment Act 2025 from Offer Letter to Termination

Basnet Law Pte. Ltd.16 September 2026 Immigration & Employment 11 Views
GMC Work Pass Employer Guide: Foreign Workforce Act 2025

GMC Work Passes: The Employer's Guide to the Employment of Foreign Workforce Act 2025

Basnet Law Pte. Ltd.16 September 2026 Immigration & Employment 13 Views
GMC Residency: Legal Routes to Live and Work in Gelephu

Residency in GMC: Every Legal Route to Living and Working in the Gelephu Mindfulness City

Basnet Law Pte. Ltd.16 September 2026 Immigration & Employment 14 Views
GMC Group Relief, Amalgamation & R&D Tax Rules

Group Relief, Amalgamations, R&D and Employee Equity: Tax Planning Inside a GMC Group

Basnet Law Pte. Ltd.15 September 2026 Tax 14 Views
GMC Advance Tax Rulings: Section 108 and Seventh Schedule

Advance Rulings from the GMC Comptroller: Certainty Before You Commit Capital

Basnet Law Pte. Ltd.15 September 2026 Tax 13 Views
GMC Transfer Pricing & Anti-Avoidance: ss. 33–34F

Transfer Pricing and Anti-Avoidance in GMC: Sections 33, 33A, 34D, 34E and 34F Explained

Basnet Law Pte. Ltd.15 September 2026 Tax 14 Views
GMC Double Taxation Relief: Treaties, Credits, Residence

Double Taxation Relief for GMC Companies: Treaties, Tax Credits and Tax Residence

Basnet Law Pte. Ltd.15 September 2026 Tax 13 Views
Withholding Tax in GMC: Rates, Payments and Deadlines

Withholding Tax in GMC: Interest, Royalties, Management Fees, Director Fees and Real Property

Basnet Law Pte. Ltd.15 September 2026 Tax 12 Views
Trusts in GMC: Foreign, Philanthropic and Local Trust Tax

Trusts and Wealth Structuring in GMC: Foreign Trusts, Philanthropic Purpose Trusts and Locally-Administered Trusts

Basnet Law Pte. Ltd.15 September 2026 Funds & Family Offices 16 Views
GMC Fund Tax Exemptions: Sections 13O, 13OA and 13U

The Fund Manager Tax Exemptions: Sections 13O, 13OA and 13U Explained

Basnet Law Pte. Ltd.15 September 2026 Funds & Family Offices 17 Views
Family Office in GMC: Section 13T Investment Holding Company

Setting Up a Family Office in GMC: The Section 13T Eligible Family-Owned Investment Holding Company

Basnet Law Pte. Ltd.15 September 2026 Funds & Family Offices 18 Views
Strategic and Development Company GMC: Section 43D Rate

The Strategic and Development Company Concession: A Tax Rate of Not Less Than 5% under Section 43D

Basnet Law Pte. Ltd.14 September 2026 Tax 12 Views
Founders Company Tax Exemption GMC: Section 13Y Guide

The Founders Company Exemption: Full Tax Exemption for up to 15 Years under Section 13Y

Basnet Law Pte. Ltd.14 September 2026 Tax 14 Views
Capital Gains Tax in GMC: Section 13W Share Disposals

No Capital Gains Tax in GMC? Section 13W, Share Disposals and the Treatment of Gains

Basnet Law Pte. Ltd.14 September 2026 Tax 12 Views
GMC Tax Rates: 15% Corporate, 0% Personal to 2030 Explained

The GMC Tax Regime in Full: 15% on Companies, 0% on Non-Citizen Individuals Until 2030

Basnet Law Pte. Ltd.14 September 2026 Tax 14 Views
Bank Account for a Crypto Firm in GMC: What Banks Look For

Banking the Crypto Business: Opening and Keeping Accounts for a GMC Digital Asset Firm

Basnet Law Pte. Ltd.14 September 2026 Crypto & Digital Assets 17 Views
Crypto Trading Software in GMC: Is It a Regulated Activity?

Crypto SaaS, Trading Infrastructure and Market-Data Vendors in GMC: When Software Is Not a Regulated Activity

Basnet Law Pte. Ltd.14 September 2026 Crypto & Digital Assets 15 Views
DeFi and DAOs in GMC: The Regulatory Perimeter Explained

DeFi, DAOs and Non-Custodial Protocols in GMC: Where the Regulatory Perimeter Falls

Basnet Law Pte. Ltd.14 September 2026 Crypto & Digital Assets 11 Views
Crypto Mining in GMC: Licensing, Tax and Energy Structure

Crypto Mining, Digital Asset Treasuries and Green Energy in GMC: The Legal Structure

Basnet Law Pte. Ltd.14 September 2026 Crypto & Digital Assets 12 Views
Carbon Credits in GMC: Environmental Instruments, Para 99B

Carbon Credits and Environmental Instruments as Regulated Investments in GMC

Basnet Law Pte. Ltd.13 September 2026 Financial Services Licensing 13 Views
Tokenisation in GMC: When a Token Is a Specified Investment

Tokenisation and Digital Securities in GMC: When a Token Is a Specified Investment

Basnet Law Pte. Ltd.13 September 2026 Crypto & Digital Assets 14 Views
Crypto Custody Licence in GMC: Paragraphs 43 to 47

Crypto Custody in GMC: Providing and Arranging Custody of Virtual Assets under Schedule 1 Paragraphs 43 to 47

Basnet Law Pte. Ltd.13 September 2026 Crypto & Digital Assets 11 Views
Stablecoin Issuance in GMC: Fiat-Referenced Token Licence

Stablecoin Issuance in GMC: The Fiat-Referenced Token Activity under Schedule 1 Paragraph 53B

Basnet Law Pte. Ltd.13 September 2026 Crypto & Digital Assets 8 Views
Crypto Exchange Licence in GMC: MTF under Paragraph 54

Licensing a Crypto Exchange in GMC: Operating an MTF or OTF under Schedule 1 Paragraph 54

Basnet Law Pte. Ltd.13 September 2026 Crypto & Digital Assets 11 Views
GMC Virtual Asset Regulation: Financial Services Act 2025

The GMC Digital Asset Framework: How Virtual Assets Are Regulated under the Financial Services Act 2025

Basnet Law Pte. Ltd.13 September 2026 Crypto & Digital Assets 15 Views
GFSO Waivers and Modifications: Section 9 and GEN 8.2

Waivers and Modifications: How GFSO Can Disapply or Modify a Rule for Your Business Model

Basnet Law Pte. Ltd.13 September 2026 Financial Services Licensing 12 Views
Change of Control GMC Licensed Firm: GEN 8.8 Approval

Change of Control of a GMC Licensed Firm: Buying, Selling or Investing in a GFSO-Regulated Business

Basnet Law Pte. Ltd.13 September 2026 Financial Services Licensing 15 Views
Insurance Licence GMC: Reinsurance, Captives, Cell Companies

Insurance, Reinsurance, Captives and Cell Companies in GMC

Basnet Law Pte. Ltd.12 September 2026 Financial Services Licensing 11 Views
Banking Licence GMC: Accepting Deposits and Money Services

Banking and Deposit-Taking Licences in GMC: What "Accepting Deposits" and "Money Services" Capture

Basnet Law Pte. Ltd.12 September 2026 Financial Services Licensing 13 Views
Setting Up a Fund in GMC: Vehicles, Managers, Trustees

Setting Up a Fund in GMC: Fund Vehicles, Managers, Administrators and Trustees

Basnet Law Pte. Ltd.12 September 2026 Funds & Family Offices 16 Views
AML Compliance in GMC: Sanctions, Beneficial Ownership Rules

AML, Sanctions and Beneficial Ownership in GMC: Building a Compliance Programme

Basnet Law Pte. Ltd.12 September 2026 Financial Services Licensing 13 Views
GEN Principles for Licensed Firms and Systems and Controls

The Twelve Principles for Licensed Firms and the Systems and Controls GFSO Expects

Basnet Law Pte. Ltd.12 September 2026 Financial Services Licensing 14 Views
Financial Promotions in GMC: Section 18 and Schedule 2

Financial Promotions in GMC: Marketing Financial Products Into and Out of the Gelephu Mindfulness City

Basnet Law Pte. Ltd.12 September 2026 Financial Services Licensing 13 Views
Do You Need a GFSO Licence? Schedule 1 Exclusions

Do You Need a GFSO Licence? The Schedule 1 Exclusions Explained, with Worked Examples

Basnet Law Pte. Ltd.12 September 2026 Financial Services Licensing 7 Views
Approved Persons and Controlled Functions in GMC (GEN 5.3)

Approved Persons, Controlled Functions and Mandatory Appointments in GMC: Who Must Be Approved Before Your Firm Can Trade

Basnet Law Pte. Ltd.12 September 2026 Financial Services Licensing 14 Views
GFSO Application Process: In-Principle Approval to Licence

From First Meeting to Licence: The GFSO Application Process, In-Principle Approval and the Conditions You Must Satisfy

Basnet Law Pte. Ltd.11 September 2026 Financial Services Licensing 13 Views
GFSO Licensing: Every Regulated Activity in GMC

GFSO Licensing in GMC: Every Regulated Activity under Schedule 1 of the Financial Services Act 2025

Basnet Law Pte. Ltd.11 September 2026 Financial Services Licensing 15 Views
GMC LP and LLP Acts 2026: Funds, Family Capital and Firms

GMC Limited Partnerships and LLPs for Funds, Family Capital and Professional Firms

Basnet Law Pte. Ltd.11 September 2026 Company Formation 13 Views
Branch Registration in GMC: Companies Act 2025 Part 11 Guide

Branch, Foreign Company Registration or Representative Office in GMC: Entering Without a Subsidiary

Basnet Law Pte. Ltd.11 September 2026 Company Formation 13 Views
Directors' Duties in GMC: Liability Under Companies Act 2025

Directors' Duties and Personal Liability in GMC: What the Companies Act 2025 Requires of Boards

Basnet Law Pte. Ltd.11 September 2026 Company Formation 10 Views
Founder Control GMC: Dual-Class Shares and Entrenchment

Founder Control in GMC: Shares with Different Voting Rights, Class Rights and Entrenchment

Basnet Law Pte. Ltd.11 September 2026 Company Formation 12 Views
GMC Share Capital: Buybacks, Treasury Shares, Reduction

Share Capital in GMC: No Par Value Shares, Redenomination, Treasury Shares, Buybacks and Capital Reduction

Basnet Law Pte. Ltd.11 September 2026 Company Formation 11 Views
Redomiciliation to GMC: Transfer of Registration Guide

Redomiciliation to GMC: Transferring an Existing Foreign Company into the Gelephu Mindfulness City

Basnet Law Pte. Ltd.11 September 2026 Company Formation 13 Views
Resident Director, Office and Capital: GMC Company Substance

One Director, One Shareholder, No Minimum Capital: The Substance Requirements for a GMC Company

Basnet Law Pte. Ltd.10 September 2026 Company Formation 9 Views
GMC Entity Types: Companies, LLPs, LPs, Trusts and Funds

Every Entity You Can Form in GMC: Companies, LLPs, Limited Partnerships, Partnerships, Business Names, Trusts, Funds and Cell Companies

Basnet Law Pte. Ltd.10 September 2026 Company Formation 15 Views
GMC US Dollar Jurisdiction: What Every

The Dollar Jurisdiction: Why Every "$" in GMC Law Means US Dollars, and What That Means for Capital, Payroll and Filings

Basnet Law Pte. Ltd.10 September 2026 Jurisdiction 13 Views
Where GMC Law Comes From: Schedule A and Re-enacted Acts

Where GMC Law Comes From: Schedule A, the Re-enacted Statutes and Why Parent-Jurisdiction Case Law Matters

Basnet Law Pte. Ltd.10 September 2026 Jurisdiction 8 Views
GMC vs Other Jurisdictions: Board Comparison Guide

Choosing a Jurisdiction: How GMC Compares for Boards, Axis by Axis

Basnet Law Pte. Ltd.10 September 2026 Jurisdiction 11 Views
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