Legal Framework for IT Companies Software businesses in Nepal operate under:✔ Companies Act, 2063✔ IT Policy, 2075✔ Foreign Investment & Technology Transfer Act Business Registration Options 1. Recommended Structures Entity Type Minimum Capital Best For Private Limited NPR 100,000 Most software firms IT Startup NPR 50,000 Early-stage companies 100% Foreign-owned USD 50,000 International companies Special […]
Current Legal Status of Binance in Nepal Official Ban by Nepal Rastra Bank (NRB) Key Restrictions in Place 1. Banking Blockade ✔ All Nepali banks/FINs barred from processing Binance-related transactions✔ Accounts found trading crypto face freezing 2. Legal Consequences Violation Potential Penalty Using Binance Up to NPR 500,000 fine Facilitating trades NPR 1M fine + […]
Understanding Nepal’s tax landscape has become increasingly crucial as the country continues to modernize its taxation system. Whether you’re an individual taxpayer, business owner, or investor, navigating the complexities of Nepal’s income tax structure requires up-to-date knowledge and practical insights. This comprehensive guide breaks down everything you need to know about Nepal’s current tax rates, […]
Overview of Company Location Change Process Changing a company’s registered office address in Nepal requires formal approval from the Office of Company Registrar (OCR). This process involves updating both the OCR records and local ward registration to ensure legal compliance. Companies must follow specific procedures established under the Companies Act 2063 when relocating their registered […]
What is EXIM Code and Why is it Required? The Export-Import (EXIM) Code serves as a unique identification number for businesses engaged in international trade in Nepal. The Export-Import (EXIM) Code in Nepal is a unique identification number issued by the Department of Customs to businesses engaged in international trade. This mandatory code must be […]