Bhutan’s plans for a ‘mindfulness city’ are one step closer to fruition now that a law has been established which helps foreign businesses to operate in the region.
Bhutan’s King Jigme Khesar Namgyel Wangchuck revealed plans to develop a mindfulness city last year in a bid to capitalise on the wellness trend and attract more visitors to the tiny Himalayan country.
Today it has been announced that the Gelephu Mindfulness City Authority (GMCA) has enacted the ‘GMC Law No.1’ which makes it easier for foreign countries to do business in the region.
The new law integrates Singapore’s common law and Abu Dhabi Global Market (ADGM) regulations to govern company incorporation, employment, taxation, and financial services in GMC.
This framework ensures efficient legal processes for businesses and individuals seeking to operate in the region.
By leveraging Bhutan’s green energy and cultural values, GMC aims to create a sustainable, innovative environment for economic growth and holistic development.
