Thimphu Techpark Limited (Techpark)
IndustryInformation and communication technology
Organisation typeCompany, enterprise or trading name
Thimphu Techpark Ltd., Babesa
Web page http://thimphutechpark.com/
Company Address firstname.lastname@example.org
Dr. Tshering Cigay Dorji
Chief Executive Officer
OrganisationIf interested in this company please contact FP
Project typeProduction, marketing or other activity involving transfer of know-how or technology
Project abstractBhutanese Thimphu Techpark Ltd. is specialized in providing IT Park Space for ICT and ITES Companies and is searching for Finnish partners for establishing business in Bhutan to service global as well as local ICT and ITES needs.
Project descriptionThimphu Techpark Ltd., established in May 2012 is based in Thimphu, Bhutan and currently employs over 700 persons.
The company provides world class real estate rental space made to suit ICT and ITES (IT enabled service) for local and international companies that require proper internet connectivity and reliable and cheap power, peace and security in Bhutan. The companies using Techpark services have so far have been from around the world including North America, Europe, South Asia and Australia.
The Techpark is seeking Finnish ICT and ITES Companies looking to expand in Asia or seeking lower cost outsourcing center (cheaper than India and Philippines). The Techpark also provides world class data center facilities for Finnish companies looking at mainly disaster recovery centers in a completely different zone. There are also several incentives and support from the Government for FDI at the moment:
1) Companies are eligible for tax holiday so that you would be exempt from Corporate Income Tax. 2) A company can be 100% foreign owned if established at the IT Park. Outside of IT Park, it is necessary to have a Bhutanese partner. 3) The IT Park has dual feed power supply plus DG back-up and the cost of power is quite inexpensive at present. 4) The Techpark also has incubation space to try out before establishing their own office.
Number of employeesOver 250
Annual turnover in €0-0,5 million
Annual balance sheet total2-10 million
Certifications, standardsPre-certification under LEED for core & shell development platinum level
Already engaged in international co-operationYes
Percentage of transnational activities10-49%