Official Name: Nepal
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Nepal
In recent years, efforts have been made to promote inclusivity, strengthen democratic institutions, and pursue economic development. Nepal has also sought to enhance regional cooperation and has been an active participant in organizations like SAARC (South Asian Association for Regional Cooperation) and BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation).
Types of Companies in Nepal
Sole Proprietorship:
A sole proprietorship is the simplest form of business where a single individual owns and operates the business. The owner is personally liable for all obligations and debts of the company. This type of business structure is suitable for small-scale businesses and individual entrepreneurs.
Partnership:
Partnerships are formed when two or more individuals agree to run a business together. In a partnership, the partners contribute capital, share profits, and are jointly responsible for the debts and obligations of the company. Partnership agreements outline the rights, responsibilities, and profit-sharing arrangements among the partners.
Private Limited Company:
A private limited company is a separate legal entity with limited liability. It requires a minimum of two shareholders and two directors. The liability of the shareholders is limited to their shareholding in the company. Private limited companies are suitable for medium to large-scale businesses and provide more credibility and legal protection than sole proprietorships or partnerships.
Public Limited Company:
A public limited company is similar to a private limited company but with additional requirements. It can offer shares to the public and has more stringent regulations and reporting obligations. Public limited companies are typically larger enterprises with the ability to raise funds from the public through the stock market.
Non-Governmental Organization (NGO):
NGOs are non-profit organizations focused on social or humanitarian causes. They operate under specific regulations and are registered with the Social Welfare Council or other relevant authorities. NGOs work in areas such as education, health, environment, and community development.
Cooperative Society:
Cooperative societies are formed by individuals who come together voluntarily to achieve common economic or social goals. Members contribute to the capital, share profits or benefits, and participate in the decision-making process. Cooperative societies can operate in sectors such as agriculture, savings and credit, housing, and consumer goods.
Joint Venture:
A joint venture involves two or more entities, either individuals or companies, coming together to undertake a specific project or business activity. Joint ventures can be formed for a limited period or for a specific purpose, with profit-sharing and risk-sharing arrangements defined in the agreement.
Foreign Investment Company:
Foreign investment companies are entities established by foreign investors to carry out business activities in Nepal. They are subject to specific regulations governing foreign investment and are registered under the Department of Industry or the Nepal Investment Board.
Common questions
What is the process of company registration in Nepal?
The process involves obtaining a company name approval, drafting the company’s constitution, submitting required documents, paying registration fees, and obtaining the company registration certificate.
What are the documents required for company registration?
The documents typically include the company’s constitution, memorandum of association, articles of association, identity proofs of shareholders and directors, and proof of company address.
How long does it take to register a company in Nepal?
The registration process can take several weeks to complete, depending on the workload of the concerned authorities and the accuracy of the submitted documents.
What is the minimum capital requirement for company registration?
The minimum capital requirement depends on the type of company. For a private limited company, the minimum authorized and paid-up capital is NPR 100,000.
Can a foreigner register a company in Nepal?
Yes, foreign individuals and companies can register a company in Nepal. However, specific regulations and permissions may apply depending on the sector and nature of the business.
What are the registration fees for company registration?
The registration fees vary depending on the authorized capital and the applicable rules and regulations at the time of registration.
Can a company have multiple shareholders and directors?
Yes, a company can have multiple shareholders and directors as per the provisions of the Company Act of Nepal.
Can a company change its registered address?
Yes, a company can change its registered address by following the prescribed procedures and obtaining approval from the concerned authorities.
Can a company change its name after registration?
Yes, a company can change its name by following the legal procedures, obtaining approval, and updating the necessary documents and registrations.
Can a company have a foreign director?
Yes, a company can have foreign directors. However, at least one director should be a resident of Nepal.
What is a company’s constitution?
A company’s constitution includes the rules and regulations governing the internal operations, management, and decision-making processes of the company.
Can a company have multiple business activities?
Yes, a company can engage in multiple business activities as per the provisions of the Company Act and relevant regulations.
Can a company have a different trading name?
Yes, a company can have a trading name or a brand name that is different from its registered name. The trading name should be properly registered and disclosed.
Can a company have a corporate bank account?
Yes, a company can open a corporate bank account in the name of the company after registration.
Are there any tax obligations for registered companies?
Yes, registered companies are subject to various tax obligations, including income tax, value-added tax (VAT), and other applicable taxes.
“Our team can provide assistance if you need help registering a company in Nepal”
What is the duration of company registration validity?
Once a company is registered, it is valid until it is dissolved or deregistered by following the legal procedures.
Can a company be registered online?
Yes, the online registration system is available for company registration in Nepal. Online registration can expedite the process and reduce paperwork.
Can a company engage in international business?
Yes, a registered company in Nepal can engage in international business activities, subject to relevant regulations and permissions.
Can a company register multiple trademarks?
Yes, a company can register multiple trademarks for its products or services through the Department of Industry.
Can a company apply for patents and copyrights?
Yes, a company can apply for patents and copyrights to protect its inventions, designs, and creative works.
Is it mandatory to have a company seal?
Yes, it is mandatory for a company to have a company seal for official use and document authentication.
Can a company be owned by a single shareholder?
Yes, a company can be owned by a single shareholder, known as a single-member company.
Can a company have a different fiscal year than the Nepali calendar year?
Yes, a company can adopt a different fiscal year, subject to approval and compliance with the applicable regulations.
Can a company issue shares to the public?
Yes, a public limited company can issue shares to the public through the stock market, subject to regulatory requirements.
Can a company have foreign employees?
Yes, a company can employ foreign nationals, subject to obtaining the necessary work permits and complying with immigration laws.
Can a company be registered with a dormant status?
No, companies in Nepal are not registered with a dormant status. They are expected to engage in business activities.
Can a company be owned by a trust or foundation?
Yes, a company can be owned by a trust or foundation as per the provisions of the Company Act.
Can a company transfer its shares to another person?
Yes, shares of a company can be transferred between shareholders, subject to compliance with the procedures and regulations.
Can a company merge with another company?
Yes, two or more companies can merge through a merger process, subject to legal requirements and approvals.
Can a company be registered with a foreign name?
Yes, a company can have a foreign name, but it should be registered using the Nepali script and comply with the relevant regulations.
Can a company register a branch office in another location?
Yes, a company can register a branch office in another location within Nepal, subject to compliance with the legal requirements.
Can a company have a local agent or representative?
Yes, a company can appoint a local agent or representative to act on its behalf for various purposes, such as legal representation or business transactions.
Can a company have multiple business locations?
Yes, a company can have multiple business locations within Nepal, subject to compliance with local laws and regulations.
Can a company obtain loans from financial institutions?
Yes, a registered company can obtain loans from financial institutions, subject to fulfilling the required criteria and complying with the terms and conditions.
Can a company operate in multiple sectors?
Yes, a company can operate in multiple sectors, subject to compliance with sector-specific regulations and licenses.
Can a company change its company type after registration?
Yes, a company can change its type (e.g., from a private limited company to a public limited company) by following the legal procedures and obtaining necessary approvals.
Can a company be registered with foreign ownership exceeding certain limits?
Yes, certain sectors may have restrictions on foreign ownership or require special permissions for exceeding certain limits. It is advisable to consult sector-specific regulations.
Can a company be registered with limited liability?
Yes, private limited companies and public limited companies are registered with limited liability, where the shareholders’ liability is limited to their shareholding in the company.
Can a company be registered with a trade license?
Yes, after company registration, obtaining a trade license from the local municipality or concerned authority is required for conducting business activities.
Can a company register for Value Added Tax (VAT)?
Yes, if the company’s annual turnover exceeds the threshold set by the government, it is required to register for VAT.
Can a company obtain government contracts or tenders?
Yes, registered companies can participate in government contracts and tenders, subject to fulfilling the eligibility criteria and requirements specified in the tender documents.
Can a company be registered as a social enterprise or a cooperative?
Yes, companies can be registered as social enterprises or cooperatives if they meet the specific criteria and comply with the relevant regulations.
Can a company register for income tax?
Yes, registered companies are required to register for income tax and comply with the tax obligations as per the prevailing tax laws.
Can a company have a different registered name than its trading name?
Yes, a company can have a registered name and a trading name, provided that the trading name is properly registered and disclosed.
Can a company issue debentures or bonds?
Yes, public limited companies can issue debentures or bonds, subject to compliance with relevant regulations and securities laws.
Can a company operate online businesses or e-commerce platforms?
Yes, companies can operate online businesses or e-commerce platforms, subject to compliance with relevant laws and regulations governing online transactions.
Can a company register intellectual property rights, such as trademarks or patents?
Yes, companies can register trademarks, patents, copyrights, and other intellectual property rights to protect their creations, inventions, and brand identities.
Can a company have shareholders or directors who are minors?
No, shareholders and directors of a company must be of legal age and have the capacity to enter into legal agreements.
Can a company be registered without a physical office address?
No, a physical office address is required for company registration. It should be a valid and accessible location for official correspondence.
Can a company register additional business activities after registration?
Yes, a registered company can add or expand its business activities by following the necessary procedures and obtaining the required approvals.
Major Banks in Nepal
- Nepal Rastra Bank (Central Bank) Website: www.nrb.org.np
- Nepal Investment Bank Limited Website: www.nibl.com.np
- Nepal Bank Limited Website: www.nepalbank.com.np
- Himalayan Bank Limited Website: www.himalayanbank.com
- Nabil Bank Limited Website: www.nabilbank.com
- Standard Chartered Bank Nepal Limited Website: www.sc.com/np
- Everest Bank Limited Website: www.everestbankltd.com
- Agriculture Development Bank Limited Website: www.adbl.gov.np
- Rastriya Banijya Bank Limited Website: www.rbb.com.np
- Machhapuchchhre Bank Limited Website: www.machbank.com
- NIC Asia Bank Limited Website: www.nicasiabank.com
- Kumari Bank Limited Website: www.kumaribank.com
- Siddhartha Bank Limited Website: www.siddharthabank.com
- Mega Bank Nepal Limited Website: www.megabanknepal.com
- Sunrise Bank Limited Website: www.sunrisebank.com.np
The top universities in Nepal
Tribhuvan University
Website: www.tribhuvan-university.edu.np
Location: Kathmandu
Major Courses: Engineering, Medicine, Management, Humanities, Social Sciences, etc.
Kathmandu University
Website: www.ku.edu.np
Location: Dhulikhel
Major Courses: Engineering, Medicine, Management, Arts, Science, etc.
Pokhara University
Website: www.pu.edu.np
Location: Pokhara
Major Courses: Engineering, Business Administration, Computer Science, Social Sciences, etc.
Nepal Engineering College (Affiliated to Pokhara University)
Website: www.nec.edu.np
Location: Changunarayan, Bhaktapur
Major Courses: Bachelor’s and Master’s programs in Engineering disciplines
Purbanchal University
Website: www.pu.edu.np
Location: Biratnagar
Major Courses: Engineering, Management, Education, Arts, Science, etc.
Nepal Medical College (Affiliated to Kathmandu University)
Website: www.nmcth.edu
Location: Kathmandu
Major Courses: Medicine, Nursing, Pharmacy, Dentistry, etc.
Patan Academy of Health Sciences
Website: www.pahs.edu.np
Location: Lalitpur
Major Courses: Medicine, Nursing, Pharmacy, Public Health, etc.
Kathmandu Medical College (Affiliated to Kathmandu University)
Website: www.kmc.edu.np
Location: Kathmandu
Major Courses: Medicine, Nursing, Pharmacy, etc.
Nepal Sanskrit University
Website: www.nepalsanskrituniversity.edu.np
Location: Beljhundi, Dang
Major Courses: Sanskrit Language, Literature, and Culture
Far-Western University
Website: www.fwu.edu.np
Location: Mahendranagar
Major Courses: Agriculture, Forestry, Education, Management, etc.
Kathmandu University School of Management
Website: www.kusom.edu.np
Location: Lalitpur
Major Courses: Master of Business Administration (MBA) programs
Nepal Tourism and Hotel Management College
Website: www.nthmc.edu.np
Location: Kathmandu
Major Courses: Tourism, Hospitality, and Hotel Management
“If you need assistance registering for college or university, our team is here to help.”
Strange or unusual to visitors in Nepal
Namaste Greeting: The traditional Nepali greeting involves pressing one’s palms together in front of the chest and saying “Namaste” with a slight bow. This gesture may be unfamiliar to some visitors, but it is a common way of showing respect and greeting others in Nepal.
Traffic and Driving: The chaotic traffic in cities like Kathmandu can be overwhelming for visitors. The streets are filled with a mix of vehicles, pedestrians, and even livestock, and traffic rules may not always be strictly followed. Crossing the road can be a challenge, requiring patience and adaptability.
Power Outages: Nepal experiences frequent power outages, known as “load shedding.” This means that electricity is not available for certain hours of the day, and visitors may need to adjust their daily routines accordingly. Many hotels and businesses have backup generators, but it’s still advisable to be prepared for intermittent power supply.
Spicy Food: Nepali cuisine is known for its spicy flavors. Visitors who are not accustomed to spicy food may find some local dishes quite hot. It’s recommended to inform restaurant staff about your spice preference or ask for milder options if needed.
Festivals and Rituals: Nepal is a country with a rich cultural heritage, and various festivals and rituals are celebrated throughout the year. Visitors may encounter unique traditions such as street processions, animal sacrifices, or masked dances during these festive occasions. Respecting and observing these cultural practices can provide a deeper understanding of Nepali culture.
Bathroom Facilities: In many parts of Nepal, especially in rural areas or during treks, squat toilets are common. These are floor-level toilets where users need to squat instead of sitting. Western-style toilets may be available in more urbanized areas, but it’s advisable to be prepared for different types of bathroom facilities while traveling in Nepal.
Religious Etiquette: Nepal is predominantly a Hindu country, and it’s important to respect the religious sentiments of the local people. Visitors should remove their shoes and dress modestly when entering temples or religious sites. It’s also customary to seek permission before taking photographs of religious statues or rituals.
Mountain Weather: Nepal is home to the Himalayas, including Mount Everest, and the weather conditions in higher elevations can be extreme and unpredictable. Visitors planning treks or mountain expeditions should be prepared for cold temperatures, altitude sickness, and sudden changes in weather patterns.
“Tips for Newcomers: Adjusting to Life in Nepal”
If you are a newcomer to Nepal, here are some tips to help you adjust to life in the country:
Embrace the Culture: Nepal has a rich cultural heritage, and immersing yourself in the local customs and traditions will enhance your experience. Learn a few basic Nepali phrases, respect religious practices, and be open to trying local cuisine.
Build Relationships: Nepali people are known for their warmth and hospitality. Take the initiative to connect with locals, make friends, and build relationships. This will not only help you navigate daily life but also provide insights into the culture and traditions.
Be Patient: Nepal operates at a different pace compared to many Western countries. Things may take longer to get done, and bureaucracy can be challenging. Practice patience and maintain a positive attitude while dealing with administrative processes or other delays.
Stay Flexible: Nepal is a country of surprises, and plans may change unexpectedly. Be prepared to adapt and stay flexible in various situations, whether it’s transportation delays, power outages, or changes in schedules. Embracing the concept of “Nepali time” can help you navigate these situations with ease.
Dress Respectfully: Nepal is a conservative country, especially in rural areas and religious sites. Dress modestly and respectfully, particularly when visiting temples or participating in religious events. It’s advisable to have clothing that covers your shoulders, chest, and knees.
Stay Hydrated: Nepal’s climate, especially during the summer months, can be hot and humid. Drink plenty of water to stay hydrated, especially if you are traveling or trekking in higher elevations.
Respect the Environment: Nepal is known for its breathtaking natural beauty, including the Himalayas. Practice responsible tourism by being mindful of your environmental impact. Dispose of waste properly, avoid littering, and follow designated trekking routes to minimize ecological damage.
Stay Safe and Healthy: Take necessary precautions to ensure your safety and well-being. Stay informed about local laws and customs, avoid walking alone at night in unfamiliar areas, and carry a copy of your identification documents. Additionally, consult with a healthcare professional before your trip to understand any required vaccinations or health precautions.
Embrace Outdoor Activities: Nepal offers numerous opportunities for adventure and exploration. Engage in outdoor activities like hiking, trekking, or exploring national parks to fully experience the natural beauty of the country. However, ensure you are adequately prepared, follow safety guidelines, and engage the services of trained guides or tour operators when necessary.
Stay Open-Minded: Lastly, keep an open mind and be receptive to new experiences and perspectives. Nepal is a country of diverse cultures, traditions, and beliefs. Embrace the differences, learn from the local community, and appreciate the unique aspects of Nepali life.
Top recruitment agencies in Nepal
- Merojob (www.merojob.com)
- Kantipurjob (www.kantipurjob.com)
- JobsNepal (www.jobsnepal.com)
- Nepal Manpower Agency (www.nepalmanpoweragency.com)
- Sajhajobs (www.sajhajobs.com)
- Gulf Jobs Nepal (www.gulfjobsnepal.com)
- RamroJob (www.ramrojob.com)
- Nepal Overseas Employment Agency (www.nepaloverseas.com)
- Shree Overseas Employment Pvt. Ltd. (www.shreeoverseas.com)
- A1 Recruitment Nepal (www.a1recruitmentnepal.com)
- National Employment Bureau (www.nepalbureau.com)
- Gurkha Security Services (www.gurkhaservices.com)
- Vision & Value Overseas Employment Pvt. Ltd. (www.vvoenepal.com)
- Bright Star Employment Pvt. Ltd. (www.brightstaremployment.com)
- J.O.B. International Pvt. Ltd. (www.jobnepal.com)
Necessary phone numbers in Nepal
Emergency Services:
Police: 100
Ambulance: 102
Fire Service: 101
Tourist Police:
Kathmandu: +977-1-4247041, +977-1-4226359
Pokhara: +977-61-465677
Hospitals:
Kathmandu Model Hospital: +977-1-4240805, +977-1-4240806
Bir Hospital (Kathmandu): +977-1-4221119
Patan Hospital (Lalitpur): +977-1-5522266
Norvic International Hospital (Kathmandu): +977-1-4258554, +977-1-4258555
Grande International Hospital (Kathmandu): +977-1-5159266, +977-1-5159267
Manipal Teaching Hospital (Pokhara): +977-61-526416, +977-61-526418
Tourist Helpline:
Tourist Police Headquarters (Kathmandu): +977-1-4247041, +977-1-4226359
Nepal Tourism Board (Kathmandu): +977-1-4256909, +977-1-4256229
Tourist Police Office (Pokhara): +977-61-465677
Embassy Helpline:
U.S. Embassy (Kathmandu): +977-1-4234000
British Embassy (Kathmandu): +977-1-4231595
Canadian Embassy (Kathmandu): +977-1-4441976
Australian Embassy (Kathmandu): +977-1-4371678
Indian Embassy (Kathmandu): +977-1-4410900, +977-1-4426680
The best way to immigrate to Nepal
Employment:
Find a job offer from a Nepali employer who can sponsor your work visa.
The employer needs to obtain a work permit and submit relevant documents to the Department of Labor and Employment.
Investment:
Invest a certain amount in a business or enterprise in Nepal.
This pathway may require meeting specific investment criteria and obtaining approval from the Department of Industry.
Family Reunification:
If you have close family members who are Nepali citizens or have obtained permanent residency, you may be eligible to apply for a family visa.
Spouses, children, and parents of Nepali citizens or permanent residents may be eligible under this category.
Study and Research:
If you are planning to pursue higher education or engage in research activities, you can apply for a student visa or a research visa respectively.
You will need to be accepted into a recognized educational institution or have a research affiliation with a recognized organization.
Retiree Visa:
If you are above a certain age and have sufficient retirement funds, you can apply for a retiree visa.
The visa allows you to reside in Nepal for a specified period and requires proof of financial stability.
