Frequently Asked Questions

Can foreigners legally buy property in Bhutan?

No, foreigners are not allowed to buy property in Bhutan. The country's laws restrict property ownership to Bhutanese citizens only.

Do I need a special structure like a trust or corporation to buy property in Bhutan?

As a foreigner, you cannot buy property in Bhutan, even through a trust or corporation. Only Bhutanese citizens are entitled to property rights in Bhutan.

Do I own the property outright as a foreigner in Bhutan?

No, as a foreigner, you cannot own property outright in Bhutan as the country's laws do not permit non-citizens to hold property.

What are the closing costs and taxes when buying property in Bhutan?

For Bhutanese citizens who are eligible to buy property, the closing costs and taxes vary depending on the location and size of the property. It's best to consult with a local real estate agent or legal expert for accurate information.

Do I need to hire a lawyer when buying property in Bhutan?

Yes, it's advisable for Bhutanese citizens to hire a lawyer when buying property in Bhutan to ensure the legality of the transaction and to navigate the country's property laws.

Can I get a mortgage in Bhutan as a foreigner?

No, as a foreigner, you cannot get a mortgage in Bhutan as the country's laws do not allow non-citizens to own property or take out loans for property purchases.

Are there annual property taxes in Bhutan?

Yes, property owners in Bhutan are required to pay annual property taxes. The rate varies depending on the location and size of the property.

Can I rent out my property in Bhutan for income?

If you are a Bhutanese citizen and own a property, you can rent it out for income. However, as a foreigner, you cannot own or rent out property in Bhutan.

Is the buying process safe and transparent in Bhutan?

Yes, the buying process in Bhutan is considered safe and transparent but it is restricted to Bhutanese citizens. The country has strict real estate laws and regulations in place.

Do I get residency or visa benefits by buying property in Bhutan?

No, buying property in Bhutan does not grant any residency or visa benefits. Moreover, only Bhutanese citizens can buy property in the country.