Understand the Jurisdictions Setup Requirement Before Proceed Your Company Registration in Nepal
Company registration in Nepal is necessary if you want to carry out a business venture in the country. At 3E Accounting, we specialize in offering affordable, reliable and quick business incorporation services to enable you to get your Nepal entity as soon as possible. Over the past few years, we have helped thousands of locals and foreign investors start various types of legal entities throughout the world. Also, our services are now available to you if you are ready to incorporate in Nepal. All you have to do is get in touch with us so that we can understand your requirements before we embark on the actual registration process.
Why Start a Business in Nepal
Here are the compelling reasons why you should start up a business in Nepal. We will give you all the help you need for company registration in Nepal:
Availability of Cheap Labour
The majority of people in Nepal are educated and prefer to work for the government or the private sector. This implies that you will have access to cheap labour compared to hiring foreign staff to work in your company.
The Country Has a Lot of Crisis
This is not to celebrate the crisis or the challenges that the country is facing. But we all know that crisis brings along opportunities for entrepreneurs to make money. In Nepal, there are great challenges in different aspects. These are fuel, electricity, food quality, construction, air quality, communication, and inflation to name a few. For a savvy entrepreneur, finding a solution to help remediate the challenges will make a lot of money while you serve the people of Nepal.
Motivated Youths for Workers
Since the country faces a high unemployment rate, a good number of youths are in need of jobs, and some prefer to leave the country for greener pastures. This brings an incredible chance for you to hire and work with a team of youth who will be eager to give you their best since there are not so many jobs in the country.
It is a Consumer-Driven Nation
Nepal is a consumer-driven nation, which means that the population is buyer-centric, all you have to do is figure out what you can sell to them, and you can rest assured that they will buy and you will make money.
Types of Legal Entities You Can Start in Nepal
Your duty now is to determine the type of business vehicle to register. At 3E Accounting, we can help you evaluate your options based on your capital and business goals so that you end up with the right entity that will enable you to achieve all those goals.
Some of the legal entities you can register in Nepal include:
Sole Proprietorship
You can start this as a single person and get going in no time. It is easy and inexpensive to registers and to run. There are no requirements for owners to file separate tax returns at the end of every financial year.
Private Limited Company
In Nepal, a private company requires just a single shareholder or promoter to incorporate. Registering a private firm in Nepal needs some of the requirements. These are a unique name of the company, the business address of the company, the objectives, functions and the types of goods and services the company will be involved with and, the name and the address of the owner. There is no minimum capital requirement for the incorporation of a private limited company. This is usually the preferred entity for foreigners who want a company registration in Nepal.
Public Limited Company
To register a public limited company in Nepal, a minimum paid-up capital of 10 million Nepalese Rupees will be needed. It can also have a minimum of two and a maximum of 50 shareholders.
Non-profit Company
To form a non-profit company in Nepal with no form of minimum capital requirements, they require a minimum of five members. The members are not considered as shareholders.
We Can Help You
Get in touch with 3E Accounting for fast, reliable and efficient company registration in Nepal. Irrespective of the legal entity you are interested in registering, we will accord you the help you need to ensure successful incorporation. Contact us for more details.
