Introduction Taxation is a critical component of any country’s economic framework, providing the necessary resources for development and governance. Nepal’s taxation system, while evolving, is characterized by its unique structure and numerous challenges. This blog explores the various aspects of the Taxation System of Nepal, including its structure, types of taxes, challenges, and...
Registering a contract office in Nepal for international companies is a specific process that allows foreign businesses to establish a presence in Nepal for a limited period to undertake a specific project or contract. Here is a step-by-step guide and an FAQ section to help you understand the process: Steps for Contract Office Registration in Nepal 1. Preliminary Preparations Project Approval:...
Registering a branch office in Nepal for an international company involves several steps and requires adherence to Nepalese laws and regulations. Here’s a step-by-step guide: 1. Reserve the Name Online Application: Submit an online application for name reservation through the Office of the Company Registrar (OCR) portal. Approval: Once the name is approved, it is reserved for a certain...
Investing in Nepal involves a structured process that aligns with the country’s legal and regulatory framework. Here’s a step-by-step guide to Foreign Direct Investment (FDI) in Nepal: Step 1: Understand Nepal’s Investment Environment Legal Framework: Familiarize yourself with the Foreign Investment and Technology Transfer Act (FITTA), 2019. Understand the regulations from the...
Although Nepal’s Foreign Direct Investment (FDI) has been growing over time, it is still relatively small compared to other countries in the region. The Nepalese government is working hard to attract more FDI to support economic growth. Various industries, such as manufacturing, services, tourism, hydropower, and agriculture, offer opportunities for international investment. The Nepalese...