Withholding Tax(“WHT”) a.k.a. Tax Deduction at Source (TDS)

1.1.     General The Income Tax Act also imposes an obligation on the resident companies to deduct WHT on certain payments in connection with the business. Such resident company, which is required to deduct WHT, is known as withholding agent. WHT is a final tax for the non-resident payees who do not file tax returns in Nepal. For resident payees, the WHT can either be: advance tax; or final tax WHT is treated as final tax Read more…

Nepal Taxation Overview

I. Introduction to the tax system in Nepal Taxes are imposed under various legislations specific to a particular kind of tax. The major tax legislations in Nepal are as follows: Income Tax Act 2002 VAT Act 1996 Excise Act 2002 Customs Act 1962 Finance Act of each year, which supplements the above mentioned legislations. Inland Revenue Department (“IRD”), a department under the Ministry of Finance (“MoF”) is entrusted with the role of administration of Income Read more…

Power of Attorney in Nepal

Attorney means that natural person who does any legal work or represents in the Court or office on behalf of other person. Attorney here is not to be confused with Attorney in US Legal system where Attorney means lawyer.   What is Power of Attorney? A power of attorney (“POA”) is a legal document which gives one person (called as the agent or attorney-in-fact) the power to act for another person (called as the principal). Read more…

Corporate Services

We shall walk you through every step in building your business. Incorporation: Get Registered! Start your company! We assist you in following all the documentation and legal process to start your company. We also help you sort out the most suitable legal form and the most efficient tax structure for your company. In addition, we offer: Drafting applications Drafting MoA and AoA Drafting Initial Compliance Documents Preparing documents for subsidiaries, branch offices and liaison offices Read more…

Immigration Services

Foreign visitors other than Indian nationals need valid passports to enter Nepal. Indian nationals need valid passports/travel document if the entry point is airport. We help entrepreneurs and foreign investors navigate Nepal’s immigration regulations when they want to explore immigration for themselves, their families or their staff. To see the details of our immigration services, please click to expand the appropriate link below. [Interested in our services? Please get in touch for a prompt response. Read more…

Legal Documentation

We enter into contracts every day for business and personal reasons. Some of these contracts are written, while others are oral. In every case, it is important that the terms of the contract are fairly negotiated, properly drafted, and reviewed to ensure the contract meets the intentions of the parties. Whenever two parties enter into a contract, everything could be going smoothly until a problem arises. When the problem does occur, the parties will revert Read more…

Trademark Registration

What is a trademark? A trademark is anything that is used, or intended to be used, to identify the goods of one manufacturer from the goods of others. It is a brand name. Trademarks are important business tools because they allow companies to establish their product’s reputation without having to worry that an inferior product will diminish their reputation or profit by deceiving the consumer. Trademarks include words, names, symbols and logos. Anything that distinctly Read more…

Foreign Investment Facilitation

Nepal is open for business in many areas, with progressive policies by the Government of Nepal to attract foreign investment and agencies such as the Department of Industry under the Ministry of Industry and Investment Board Nepal, which is headed by the Prime Minister himself, mandated to provide investors with all the help they need. For national priority projects, foreign investment is especially encouraged in the recently enacted Foreign Investment Policy, 2015. Foreign Investment approval Read more…

Corporate Compliance

Every Company incorporated in Nepal must comply with the on-going government rules and regulations after incorporation; all registered companies are required to comply with the various laws and provisions under the Companies Act 2006 as well as rules and directives made there under. Office of Company Registrar (OCR) under the Ministry of Finance, Government of Nepal is the designated authority that deals with regulation of the registered companies and administration of Companies Act 2006. It Read more…

Business Incorporation Services

To start a business in Nepal, investors need to incorporate a company. The agency responsiblefor the incorporation of a company is the CompanyRegistrar Office (CRO) under the Ministry of Industry. We are a leading provider of company formation and administration services for small to medium-sized private limited companies in Nepal. We assist various international and domestic to incorporate companies each year. Our incorporation service includes: Name Reservation Documentation Services [drafting of Memorandum of Association (MOA) Read more…