Business Climate in Nepal
Located between China and India, two emerging world economic powerhouses and markets of a billion plus each, Nepal offers premium opportunities for investors and businessmen. In order to create conducive environment for investment, Nepal has adopted liberal economic policies and has offered various incentives, and privileges, such as tax holidays, to investors, including the foreign investors. Special Economic Zones (SEZs) have been established in various parts of the country, where investors may have advantages provided by relaxed regulations and expedited services from the government mechanisms. Ample legal and institutional framework has been created to ensure that investment is safe and dividend is repatriated without hurdles.
The followings are the principal legal and policy documents in the regime of investment and enterprise:
- Trade Policy 2009
- Industrial Policy 2010
- Foreign Investment and One Window Policy, 1992
- Procedural manual for investment in Nepal
- Foreign Investment and Technology Transfer Act, 1992
- Banks and Financial Institutions Act, 2063 (2006)
- Contract Act 2056 (2000)
- Customs Act, 2064 (2007)
- Competition Promotion and Market Protection Act, 2063 (2007)
- Export and Import (Control) Act, 2013 (1957)
- Essential Commodities Control (Authorization) Act, 2017 (1961)
- Essential Goods Protection Act, 2012 (1955)
- Food Act, 2052 (1966)
- Insolvency Act, 2063 (2006)
- The Copyright Act, 2059 (2002)
- The Patent, Design and Trade Mark Act, 2022 (1965)
- Copyright Rules, 2061 (2004)
- Financial Procedures Rules, 2064 (2007)
- Company Act, 2006
- Environment Protection Act, 1997
- Industrial Enterprise Act, 1992
For further details, please visit:
Ministry of Commerce and Supplies of Nepal
Ministry of Industries of Nepal
Federation of Nepelese Chamber of Commerce & Industries (FNCCI)