Foreign Investment and Regulation

We, at Prime Law Associates (PLA), provide assistance to foreign companies for routing entry strategies for investment in Nepal and assisting them through Government regulations and procedures for setting up their operations in Nepal. We assist our clients in complying with the provisions of Foreign Investment and Technology Transfer Act (FITTA) 1992 on routing Foreign Direct Investment (FDI) in Nepal. Our lawyers have in depth knowledge of international markets on  FITTA and have comprehensive experience in cross border transactions.
Foreign investors and/or his authorized representative and their dependents will be granted a business visa for a period of one year at a time on the recommendation of DOI.

Document necessary for getting approval of Foreign Investment from Department of Industry
Application
  1. Two copies of Project Report
  2. If more than one investor requires a Joint Venture Agreement
  3. Copy of MoA/AoA/Incorporation Certificate ( With Notary Public) ( If the investor is Foreign Company)
  4. Board Minute to establish company in Nepal
  5. Copy of Power of Attorney
  6. Bio-Data of Investor with Photo
  7. Copy of Financial credibility Certificate
  8. Opinion of concerned government agency if necessary
  •   It will take 6 weeks for getting foreign investment approval letter. 
Foreign Investment and Technology Transfer Act (FITTA) 1992 allows foreigners to organize either a private limited company or a public limited company only. The incorporation/registration of the company is done by Company registrar's office (CRO).
The companies are incorporated and registered under the provisions of the Company Act, 2006.
 
Industries not to be granted permission for Foreign Investment
  1. Cottage Industries.
  2. Services. (Business such as hair cutting, beauty parlor, tailoring, driving training, etc.)
  3. Arms and Ammunition Industries
  4. Gunpowder and Explosives
  5. Industries related to Radio-Active Materials
  6. Real Estate Business (excluding construction industries)
  7. Film Industries (National Languages and other recognized languages of Nation)
  8. Security Printing
  9. Bank notes and Coins
  10. Retail Busines
  11. Trekking Agency
  12. Water Rafting
  13. pony Trekking
  14. Horse Riding
  15. Cigarette, Bidi, alcohol (excluding more than 90% exportable)
  16. Internal Courier Service
  17. Internal Courier Service
  18. Atomic Energy
  19. Tourist Lodging
  20. Poultry
  21. Fisheries
  22. Bee Keeping Consultancy Services such as Management, Accounting, Engineering, Legal Services.

Contact Details

PRIME LAW ASSOCIATES
Advocates & Legal Consultant
Anamnagar,Kathamandu,Nepal
Postal Code : 44600
Mobile : +977-9851059026
Tel.:+977-1-4102849
Fax:+977-1-4102849

Office Hours

10:00AM - 6:00PM

SUNDAY TO FRIDAY



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