S.N.

Steps-wise procedure

Period of visa granted upon completion of the respective steps.

Government fee (NPR)

Required documents

1.

Drafting required documents and obtaining FDI approval from the department of industry (“DOI”)

6 month business Visa:

Upon completion of FDI approval and Company registration, additional 3 month visa will be granted.

i.       Project Report

ii.      Passport copies(Notarized)

iii.    Joint Venture agreement (applicable for multiple investor)

iv.     Financial Credibility Certificate (Notarized)

v.      Memorandum of Association

vi.     Article of Association

vii.   Incorporation documents of the investment company (if the investor are entity) (Notarized)

2.

Drafting of the required documents and registration of the company at the Office of the Company Registrar (“OCR”).

Depends on the proposed authorized capital of the company.

3.

Registration of the Industry at the DOI.

Additional 3 month business Visa:
Upon completion Industry registration,

Completion tax registration, opening of bank account, and pre-notification at the NRB, additional 6 month visa will be granted.

NPR 20,000
as a bank guarantee

4.

Tax registration at Inland Revenue Office (“IRD“)

N/A

5.

Opening of the bank account of the company

N/A

6.

Pre-notification of the remittance of the investment by the investor at the NRB.

N/A

7.

Remittance of Investment amount, Obtaining Share Registry Certificate and Recording of the remitted investment amount at the NRB.

Additional 6-12 month of business visa each time:

Upon remittance of the investment amount, issuance of the Share Registry Certificate, and recording of the investment amount, a business visa may be extended for an additional period of 6 to 12 months each time, depending on the proportion of the injected investment amount against the total approved FDI amount.

N/A