> ## Documentation Index > Fetch the complete documentation index at: https://v2.docs.conduit.financial/llms.txt > Use this file to discover all available pages before exploring further. # Bhutan > How to collect KYB documents from business customers in Bhutan (BTN) when onboarding through the Conduit API. ## Overview | Field | Value | | ------------ | ------------------------------------ | | Region | Asia (West, South & Central) | | ISO 3166-1 | BT / BTN | | Registry | Corporate Regulatory Authority (CRA) | | Last updated | 2026-05-06 | ## Identifiers Collect two identifiers from each business customer in Bhutan and submit them as strings on the application body. | API field | Local name | Issuer | | ------------------------------- | ------------------------------- | ------------------------------------------------------------ | | `businessInfo.taxId` | **Tax Payer Number (TPN)** | Department of Revenue and Customs (DRC), Ministry of Finance | | `businessInfo.businessEntityId` | **Company Registration Number** | Corporate Regulatory Authority (CRA) | *Tax ID:* Alphanumeric; issued via RAMIS on registration at any of eight DRC regional offices or online. Required for all DRC transactions. *Registration number:* Numeric identifier assigned at incorporation; appears on Certificate of Incorporation issued by CRA. ## Sector regulators `RMA` · `FID/FIU` ## Legal structures | Local name | Abbreviation | Description | | ------------------------- | ------------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | Public Limited Company | PLC | Share-capital company whose shares may be offered to the public; minimum three directors required; may list on the Royal Securities Exchange of Bhutan. Closest US equivalent: C-Corp. | | Private Limited Company | Pvt. Ltd. | Closely-held company limited by shares; shares restricted from public offer; minimum two directors; most common vehicle for SMEs and FDI in Bhutan. Equivalent to a US LLC. | | General Partnership | — | Two or more persons carrying on business jointly under a partnership agreement; all partners bear unlimited personal liability for the firm's obligations. Closest US equivalent: General Partnership (GP). | | Limited Partnership | LP | Partnership with at least one general partner bearing unlimited liability and one or more limited partners whose liability is capped at their capital contribution. Closest US equivalent: Limited Partnership (LP). | | Sole Proprietorship | — | Single natural person trading under their own name or a registered trade name; no separate legal entity and the owner bears unlimited personal liability. Closest US equivalent: Sole Proprietorship. | | Cooperative Society | — | Member-owned enterprise registered under the Cooperative (Amendment) Act 2009 and Cooperatives Rules 2010; common in agriculture, transport, and financial services. Closest US equivalent: Cooperative. | | Branch of Foreign Company | — | Registered extension of a foreign parent company operating in Bhutan; not a separate legal entity — the parent retains full liability. Closest US equivalent: Branch/Rep Office. | ## How documents combine For each evidence area, this table shows whether the listed documents are alternatives (any one of) or a bundle (all required). The artifact-by-artifact lookup follows below. | Evidence area | Documents needed | | ---------------------- | ------------------------------------------------------------- | | Legal Registration | Certificate of Incorporation | | Constitutive Documents | Articles of Incorporation | | Tax Registration | TPN Certificate | | Operating Permit | *Any one of:* Trade License · Industry License | | Ownership Records | Register of Members | | Governance Records | Register of Directors | | Signing Authority | Board Resolution | | Address | *Any one of:* Lease Agreement · Utility Bill · Bank Statement | ## Documents to collect The physical documents you'll collect from your customer, with the evidence area each one proves. One document can prove multiple areas — for example, Brazil's Cartão CNPJ covers both tax and business-registration proof, so it appears once with both areas listed. | Document | Proves | | --------------------------------- | ----------------------------- | | **Certificate of Incorporation** | Legal Registration | | **Articles of Incorporation** | Constitutive Documents | | **TPN Certificate** | Tax Registration | | **Trade License** | Operating Permit | | **Industry License** | Operating Permit | | **Register of Members** | Ownership Records | | **Register of Directors** | Governance Records | | **Board Resolution** | Signing Authority | | **Lease Agreement** | Address | | **Utility Bill (≤90 days old)** | Address | | **Bank Statement (≤90 days old)** | Address | | **Sector-Specific License** | RMA License (sector-specific) | **Not applicable in Bhutan:** Good Standing. Skip these areas — no local artifact exists. ### Collection notes * **Legal Registration:** Issued by CRA under Companies Act 2016. Confirms registration number, entity name, and date. * **Constitutive Documents:** Single constitutive document filed with CRA at incorporation; covers objects, capital, governance. * **Tax Registration:** Issued by DRC on RAMIS registration. Equivalent to national tax-ID certificate. * **Operating Permit:** Issued by MoICE (or relevant Dzongkhag authority); required before commencing business activity. * **Sector-Specific License:** Required for financial services, insurance, securities, payments under Financial Services Act 2011. Regulator: RMA. * **Ownership Records:** Maintained by the company and filed/updated with CRA under the Companies Act 2016. * **Governance Records:** Filed with CRA; includes CEO details (name, CID/passport, contact). * **Signing Authority:** Board resolution bears company seal and director/company secretary signature; POA required for foreign companies appointing local agent. * **Address:** Lease (no time limit) OR utility bill OR bank statement; utility and bank documents must be dated within 90 days. ## Person roles When you submit a person on the application body, set their `role` to one of Conduit's canonical `BusinessPersonRole` values. Use this table to map a local corporate-governance title onto the right canonical role. | Local role | Canonical API role | Description | | ------------------------------------------- | ---------------------- | -------------------------------------------------------------------------- | | Director | `CONTROLLING_PERSON` | Governance-level board member; minimum 2 (Pvt. Ltd.) or 3 (PLC). | | Chief Executive Officer (CEO) | `CONTROLLING_PERSON` | Named operational executive; details filed with CRA alongside directors. | | Power of Attorney Holder / Authorized Agent | `LEGAL_REPRESENTATIVE` | Person authorized via Board Resolution or POA to legally bind the company. | ## Notes * CRA was only elevated to full autonomous authority on 2024-04-03. The registry portal transitioned to system.cra.gov.bt; older references to "Office of the Registrar of Companies / MoICE" remain valid for pre-2024 filings. * Bhutan is NOT a party to the Hague Apostille Convention. Documents for cross-border use require full embassy legalisation chain. Verify current status at hcch.net/en/instruments/conventions/status-table/?cid=41 before onboarding. * Foreign ownership restriction. FDI is permitted but sectoral caps and prior approval from relevant ministries apply; the Register of Members should be scrutinized for foreign shareholder compliance under the FDI Policy.