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• 2024-09-17 05:56:11
• Admin

Foreign investment in Nepal has been on the rise due to the increasing liberalization of the market and capital sector. Venture capital firms, international investors, and multinational companies are actively seeking foreign investment approval to enter the Nepalese market. Legal Concern is internationally recognized for its expertise in guiding clients through the foreign investment approval process in Nepal.

Foreign Investment Approval Laws in Nepal

The Companies Act 2063 B.S. governs business incorporation in Nepal. This act was established to streamline company formation and operation, aiming to encourage investment across various sectors of the Nepalese economy. Section 3 of the act outlines the process for incorporating a company in Nepal.

Process of Foreign Investment Approval

As a leading firm in foreign investment law in Nepal, we have published a comprehensive guide on the procedure for foreign direct investment. You can access it through the following link:

www.legalconcern.com/procedure-of-foreign-direct-investment-in-nepal

The process for foreign investment approval in Nepal includes:

1. Obtain Approval from the Department of Industry and Investment Board of Nepal
2. Company Incorporation
3. Tax Registration at the Inland Revenue Office
4. Business Registration at the Ward Office
5. Industry Registration
6. Approval from Nepal Rastra Bank to bring the foreign investment

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DOI and IBN Approval

Foreign investors or companies looking to expand into Nepal must secure approval from either the Department of Industry or the Investment Board of Nepal, depending on the investment amount.

Legal Concern drafts and submits all necessary documents for foreign investment approval efficiently, ensuring that your application is processed promptly.

NRB Approval

Following approval from the DOI/IBN and completion of required procedures, we also coordinate with Nepal Rastra Bank to facilitate the transfer of foreign investment funds into Nepal. We handle all documentation, including compliance contracts and other relevant papers, to ensure swift approval.

Drafting FDI Approval Application

Under the Foreign Investment and Technology Transfer Act, foreign investors must apply to the Foreign Investment Approving Body. Our internationally recognized FDI lawyers at Legal Concern are skilled in drafting and processing FDI applications, typically securing approval within seven days of application registration.

Coordinate with Regulatory Authorities

Key regulatory bodies for foreign investment in Nepal include the Investment Board of Nepal, Nepal Rastra Bank, and the Department of Industry. Legal Concern excels in facilitating interactions with these authorities, ensuring compliance and streamlining the investment process.

Foreign Investment Company Incorporation

Once investment approval is granted, investors must incorporate a company in Nepal. Legal Concern handles all aspects of company incorporation, including drafting necessary documents, filing applications, and obtaining complete approval. We also ensure compliance with Nepalese regulations and assist with obtaining a PAN number for regular tax filings.

Ultimately, Legal Concern provides premier legal advisory services to foreign investors, offering expert guidance and support for a smooth and efficient foreign investment process in Nepal.