In Nepal, obtaining and renewing an EXIM (Export-Import) Code is a crucial step for businesses involved in international trade. The process involves a series of steps that need to be followed carefully. Here’s a detailed guide on how to register and renew an EXIM Code in Nepal: EXIM Code Registration Process in Nepal Prepare Necessary Documents: Business Registration Certificate. PAN...
Step-by-Step Guide to Setting Up a Non-Profit Organization in Nepal Table of Contents Introduction Understanding Non-Profit Organizations Benefits of Establishing a Non-Profit in Nepal Initial Planning and Research Legal and Regulatory Framework Registration Process6.1 Choose a Unique Name6.2 Drafting the Statute (Articles of Association)6.3 Submission of Documents6.4 Verification and Approval...
Step-by-Step Guide to Setting Up a Public Limited Company in Nepal Table of Contents Introduction Understanding a Public Limited Company Benefits of Setting Up a Public Limited Company Pre-Registration Requirements4.1 Choose a Company Name4.2 Identify Shareholders and Directors4.3 Initial Capital Requirements Required Documents Registration Process6.1 Name Reservation6.2 Submitting the...
Step-by-Step Guide to Setting Up a Private Limited Company in Nepal Table of Contents Introduction Understanding a Private Limited Company Benefits of Setting Up a Private Limited Company Pre-Registration Requirements4.1 Choose a Company Name4.2 Identify Shareholders and Directors Required Documents Registration Process6.1 Name Reservation6.2 Submitting the Application6.3 Verification and...
PAN/VAT Registration in Nepal Table of Contents Introduction Understanding PAN and VAT Benefits of PAN/VAT Registration Eligibility Criteria Required Documents PAN Registration Process6.1 Online Application6.2 Document Submission6.3 Verification and Issuance VAT Registration Process7.1 Online Application7.2 Document Submission7.3 Verification and Issuance Post-Registration Requirements8.1...
The registration process for hydropower projects in Nepal as of 2024 The registration process for hydropower projects in Nepal as of 2024 involves several steps typically outlined by the Department of Electricity Development (DoED). With its vast water resources and significant hydropower potential, Nepal offers numerous opportunities for investment in hydropower projects. While bureaucratically...
Nepal has adopted accounting standards issued by the Nepal Accounting Standards Board (NASB). These standards are largely based on International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB), with necessary modifications to suit the Nepalese context and legal framework. The Nepal Accounting Standards (NAS) aim to enhance transparency...
The Nepal Financial Reporting Standards (NFRS) serve as a common global language for business affairs within Nepal. These standards ensure that company accounts are comparable, understandable, reliable, and relevant to internal and external users. Here are some key points about NFRS: Scope and Purpose: NFRS provides guidelines for maintaining books of accounts by accountants. The goal is to...
The Nepal Accounting Standard for Micro Entities (NAS for MEs) simplifies financial reporting for small businesses in Nepal, ensures compliance with the country’s accounting framework, and reduces the complexity and administrative burden. This standard aims to make financial reporting more accessible and practical for micro-entities, which often have limited...
Company Registration Process in Nepal Company Registration in Nepal involves several steps and adherence to the Office of the Company Registrar (OCR) regulations under the Ministry of Industry, Commerce, and Supplies. Here’s a brief description of the process: Step 1: Determine the Type of Company Private Limited Company: Most common, ideal for small to medium-sized businesses. Requires at...