Registering a company in Nepal is a step-by-step process that involves selecting a company type, choosing a name, preparing documentation, and registering with the Office of Company Registrar and Inland Revenue Department. By following this guide and utilizing the provided resources, you should be well on your way to successfully establishing your business in Nepal. Be sure to adhere to the requirements and guidelines to ensure a smooth registration process and a successful start for your company in this culturally rich and economically evolving country.
The first step in registering a company in Nepal is to choose the type of company you want to register. The most common types are:
Before registering your company, you'll need to choose a suitable name. The Office of Company Registrar (OCR) has guidelines for acceptable names, which can be found at this link: http://www.ocr.gov.np
These forms can be downloaded from the OCR's website: http://www.ocr.gov.np
You will need to identify at least one director (for Private Limited and Public Limited Companies) or one representative (for Sole Proprietorship and Partnership). Directors or representatives must be at least 18 years old. Shareholders can be individuals or corporate entities.
Nepal requires a minimum capital of NPR 1,000,000 for Private Limited Companies and NPR 10,000,000 for Public Limited Companies. There is no minimum capital requirement for Sole Proprietorship and Partnership.
Once your documents are ready, you can submit your application to the Office of Company Registrar (OCR). This can be done in person at their office or online via the following link: http://www.ocr.gov.np
The fees for registering a company are as follows:
After your company is registered, you must register for taxes with the Inland Revenue Department (IRD). This can be done in person at the local Tax Office or online via the following link: http://www.ird.gov.np
Depending on your business activities, you may need to obtain additional permits or licenses. Check with the relevant authorities and industry regulators for specific requirements.
The entire registration process, from preparing documents to receiving your Certificate of Incorporation, can take anywhere from 15 to 30 days, depending on the complexity of your application.