Gelephu Mindfulness City launches accelerated pathway for globally regulated firms

Gelephu Mindfulness City (GMC) has introduced a streamlined licensing pathway for companies already regulated in major financial centres, including Singapore, Abu Dhabi Global Market (ADGM), and Hong Kong. The initiative is designed to reduce the time required to become operational by aligning regulatory approval with immediate access to banking infrastructure.

The framework allows eligible firms to move from application to full operational readiness through a single, coordinated process. In contrast to most jurisdictions, where licensing and banking are handled separately, GMC integrates both steps. Companies that obtain a license are simultaneously provided with a corporate bank account through DK Bank, enabling them to begin operations without delay.

This structure enables firms to complete incorporation, regulatory approval, account setup, and operational launch in one continuous process. Companies already licensed in recognised financial centres are eligible for accelerated review, reflecting their existing regulatory standing and reducing duplication.

A key component of the model is guaranteed access to banking. Firms operating in GMC receive corporate banking services as part of the licensing process, addressing a common barrier faced in other markets where securing a bank account can delay operations.

DK Bank supports multi-currency accounts across major global currencies, including USD, EUR, GBP, and JPY, alongside digital asset services such as BTC-backed lending and asset swaps. The platform also includes integrated fiat-to-crypto on- and off-ramps, with preferential fee structures for companies operating within GMC.

In parallel, GMC has established a broader regulatory and tax framework intended to support long-term business activity and capital formation. This includes a territorial tax system, no capital gains or dividend taxes, and sector-specific incentives such as potential 0% corporate tax depending on investment levels. Additional measures include tax exemptions for foreign talent through 2030 and an expanding network of double taxation agreements.

The jurisdiction also provides institutional infrastructure aligned with international standards. These include Variable Capital Company structures based on Singapore models, an International Dispute Resolution Centre to support cross-border investment, and a common law framework influenced by Singapore and ADGM principles. Company formation and family office setup processes have also been streamlined to reduce administrative complexity.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice