investmentboard.gov.np Setting Up Business Nepal : Investment Board

Organization : Investment Board Nepal
Type of Facility : Setting Up Business
Country: Nepal

Website : http://www.investmentboard.gov.np/page/doing_business_in_nepal/setting-up-business.html

Setting Up Business:

Over the past few years, Nepal has witnessed significant reforms in the commercial sector that have removed obstacles that previously hindered the establishment of both small and large-scale businesses.

Related : Bureau of Standards & Metrology Management System Certification Nepal : www.statusin.org/7499.html

Setting up a business in Nepal has never been easier, especially with the formation of the Investment Board (IB). For projects over NRS 10 billion, investors can now apply through IBN to simplify the development process. For projects below this threshold, interested parties should contact the Department of Industry https://www.doind.gov.np/.

Step 1:
Fill out the foreign investment approval form (in case of foreign investors). The approval of foreign investment can take up to a month, provided that all information required by the IBN is provided in the format requested. Form

Step 2:
IBN will issue a letter of approval for foreign investment.

Step 3:
Register the company at the Company Registrar’s Office (CRO). Documents required to register a company are as follows (form). Please note that the CRO requires the Article of Association to be in Nepali. The registration process takes about two weeks.Please visit their website for more details.http://www.cro.gov.np. For further assistance, please contact the Office of the Investment Board at info AT investmentboard.gov.np.

Step 4:
After obtaining approval for foreign investment, the industry is required to register with the Department of Industry in the requested format. (Industry Registration form Nepali). The following documents are required to register a company within an industry. (Industry Registration Documents)

Step 5:
The industry has to be registered with the District office of the Inland Revenue Department or Inland Revenue Office (IRO) before its operation. In order to get PAN, there is no fee or deposit imposed. The following documents are required. (Form)

Business Rankings and FDI Trends :
Over the years Nepal has made significant strides in promoting itself as an attractive investment destination in South Asia. The journey has not been easy, but the optimsm is here to stay. Browse through some important milestones achieved by the country in recent years.

Strategic Location :
Nepal is located between the two large economies, India and China. This strategic location offers unparalleled and preferential access to their markets. Nepal’s trade with India has grown in the last 10 years by around 17% per annum. The total volume of trade exceeded USD 5 billion last year.

Similarly, Nepal’s trade with China has also seen a steady increase. The trade between the two countries has increased by over 17% per annum in the last three years, reaching about USD 640 million in 2012/13. With both India and China’s economy outperforming the world economy, Nepal will focus on increasing trade volumes with these two countries in the years to come.

Nepal’s geographical location creates the potential for Nepal to become the transit point for Indo-China trade. The heads of states of both India and China have shown commitment to fostering trade and taking bilateral cooperation to a different level.

Contact:
Phone: 977-1-4475276, 4475277, 4475278, 4475280, 4475293
Fax: 977-1-4475281
Email: info AT investmentboard.gov.np