Bhutan Opens Accelerated Fintech Licensing With 0% Corporate Tax and Free Banking – Bitcoin News

DK Bank Guarantees Accounts for Every GMC-Licensed Firm Starting May 2026

The Special Administrative Region, established under a Royal Charter to serve as a platform for Bhutan‘s economic development, is targeting globally credible financial and digital asset firms. The announcement, shared directly with Bitcoin.com News, says that under the new program, qualifying companies move through incorporation, regulatory review, and bank account opening as a single coordinated process rather than sequential steps that can stretch across months.

The integrated model connects directly to DK Bank, Bhutan’s state-linked financial institution, and GMC’s official banking partner. Every company that earns a GMC license receives a corporate account with DK Bank as part of the process. That removes what regulators and founders commonly describe as the most stubborn friction point in setting up operations in a new jurisdiction: getting licensed in one place, then waiting months for a bank to decide whether to take you on.

DK Bank supports multi-currency accounts across nine currencies, including USD, GBP, EUR, AUD, JPY, SGD, INR, HKD, and BTN. The bank also offers BTC-backed lending, digital asset swap capabilities, and integrated on- and off-ramps between fiat and crypto. GMC-licensed companies receive waived banking fees for at least the first six months, with discounted pricing after that.

“In most financial centers, getting licensed is only half the battle,” said Yu Dong Zheng, CEO of DK Bank. “Getting a bank account is where companies get stuck. We’ve removed that bottleneck.”

GMC’s tax structure adds to the appeal for firms considering international expansion. The region operates a territorial tax system aligned with Singapore and Hong Kong. Qualifying companies can access a 0% corporate tax rate depending on their level of investment. There is no capital gains tax, dividend tax, or inheritance tax. Foreign talent tax exemptions run through 2030.

For legal infrastructure, GMC uses common law frameworks drawn from Singapore, with regulatory principles modeled on ADGM. The region offers Variable Capital Company structures based on Singapore’s VCC model and operates an International Dispute Resolution Centre for cross-border investment disputes. A double taxation agreement with Singapore is already in place.

Ceffu CEO Ian Loh, whose firm went through GMC’s licensing process, said the approach stood out for its clarity. “What stands out in Bhutan is the clarity of vision,” Loh said. “The process has been rigorous, but equally collaborative, demonstrating that regulators and industry can work hand in hand.”

John Ge, co-founder and CEO of BIT (formerly Matrixport), said the design of the ecosystem reduces execution risk for firms entering a new market. “The accelerated review process is both fast and pragmatic, with the GFSO demonstrating a clear openness to engage constructively while upholding high standards,” Ge said.

Jigdrel Singay, board member and digital assets and fintech lead at GMC, framed the initiative as a structural fix to a systemic problem. “If a company has already demonstrated credibility in leading jurisdictions, we recognize that and enable them to move faster,” Singay said. “Companies don’t just get approved. They get operational.”

The announcement positions GMC as a direct competitor to established financial centers for digital asset and fintech licensing, at a time when companies in those sectors are searching for jurisdictions that can offer regulatory clarity alongside working banking rails. Bhutan is also well known for being a nation that holds bitcoin reserves.

Earlier this morning, onchain analysts noticed that Bhutan sent 100 BTC to a new address. The country holds approximately 3119.45 BTC, according to stats collected by Arkham Intelligence.