Industrial Design and its Registration System in NepalRead More
Industrial Enterprises Act 1992 has guaranteed against nationalism of privately owned industries enterprises. The government does not interfere in the fixation or control of prices of industrial products. Industry can approach any commercial bank directly to open letter of credit for the import of machinery or raw materials needed for the industry. Recommendation or import license from Department of industries, Department of commerce, Nepal Rastra Bank (Central Bank of Nepal) are no more necessary. Except industries that affect security and public health such as arms and ammunition, explosives, security printing, Bank notes & coins, cigarette, bidi, alcohol and beer, other industrial activities do not require obtaining any license or permission for establishment and operation.
They just need to be registered with the concerned Department. Repatriation of profits, dividend, technical and managerial fees, and a portion of salaries of foreign experts has been guaranteed. Visa including non-tourist visa for carrying out studies for investment, non tourist visa for experts and business/residential visa for foreign investors have been provisioned and the procedures have been further simplified. At international level, Nepal has taken numerous steps to promote foreign investment in the country. Some of the key institutional arrangements that have been achieved so far are