With the aim to facilitate and ease foreign investment approval process, Nepal Rastra Bank (“NRB”) has enacted “Foreign Investment and Foreign Loan management By-Law” (“By-Law”) on 8 June 2021 (25…
The Government of Nepal, Ministry of Labor, Employment and Social Security published a notice on 20 Baisakh, 2078 B.S. (3 May, 2021 A.D.) concerning the minimum remuneration paid to employees…
Government of Nepal, on 20 Baisakh, 2078, has published a notice in Nepal Gazette, revising the minimum remuneration to NPR 15,000 to be effective from 1st Shrawan, 2078. The existing…
Consultants are often treated as employees. However, there are some major differences to the nature of their work and terms and conditions of their engagement. The table below helps us…
NRB allows payment in Foreign currency Nepal Rastra Bank, the Central Bank is the primary regulator of foreign exchange and as such regulates all inward and…
In Nepal, a foreign investor can invest in any industry through technology transfer also. There is no restriction on the category of industry to undergo technology transfer. The regime of…
With an attempt to further facilitate and expedite foreign investment, Government of Nepal enacted Foreign Investment and Transfer of Technology Act 2019 (the “FITTA” or the “Act”) and Public Private…