Registering a company in Nepal as an Indian citizen involves several steps and requirements. Here is a general overview of the process:
1. **Choose Your Business Structure:** Determine the type of company you want to establish. In Nepal, you can form a sole proprietorship, partnership, private limited company, or branch office of a foreign company.
2. **Name Reservation:** You need to choose a unique name for your company and get it approved by the Department of Industry (DOI) in Nepal. Ensure that the name complies with Nepalese naming conventions.
3. **Prepare Necessary Documents:**
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Passport and identity proof
- Proof of address
- Passport-sized photographs
- No Objection Certificate (NOC) from the Nepal Investment Board (if applicable)
- Other documents as required by the authorities
4. **Local Partner or Agent:** In some cases, you may need a local Nepalese partner or agent, depending on your chosen business structure.
5. **Register with the Department of Industry:** Submit your application and the required documents to the Department of Industry (DOI) in Nepal. You will need to pay the necessary registration fees.
6. **Obtain a PAN (Permanent Account Number):** After registering your company, you must obtain a PAN from the Inland Revenue Department for tax purposes.
7. **Register with Other Relevant Authorities:** Depending on your business activities, you may need to register with other government agencies or obtain specific licenses and permits.
8. **Open a Bank Account:** Once your company is registered, you can open a bank account in Nepal for your business transactions.
9. **Compliance and Reporting:** Ensure that you comply with all tax and regulatory requirements in Nepal, including filing annual financial reports and paying taxes.
10. **Visa and Work Permits:** As an Indian citizen, you may need a visa and work permit to manage your company in Nepal. Consult the Nepalese Embassy or Consulate in India for visa requirements.
For More Information
Advocate Bikash Jung Karki - 9851095522
