Investment Law

Investment Law

Investment Law

Foreign investment in Nepal is regulated and administered by the Foreign Investment and Technology Transfer Act (FITTA) and Industrial Enterprises Act. The Department of Industries (DOI) is the agency for administration and implementation of the Foreign Investment and Technology Transfer Act in Nepal. For national priority projects, foreign investment is especially encouraged in the recently enacted Foreign Investment Policy, 2015.

A foreign citizen of Nepalese origin, who has made investment pursuant to the non-residents Nepali Act, shall be entitled to get the facilities which are provided to any foreign national for his/her investment in Nepal in convertible foreign currency pursuant to the prevailing law. A non-resident Nepali or a foreign company in which more than Fifty percent share investment is made by a non-resident Nepali, may invest the amount earned by him/her/it in abroad in foreign country, for any industry or business which is opened, pursuant to the prevailing law for foreign investment, or by government of Nepal upon publishing a Notification in Nepal gazette for the investment to be made by nonresident Nepali.

  • The amount to be made investment by non-resident Nepali or a company shall be received through any commercial bank or financial institution, which in licensed by the Nepal Rastra Bank (Central Bank of Nepal) subject to the prevailing law for financial transaction.
  • The source of money received shall be disclosed in a condition as provided by law.

 

A nonresident Nepali who makes investment in Nepal shall provide information about the investment which has been made by him/her, to the ministry in the format prescribed in Schedule-7 of Non Residents Nepali Rules. A nonresident Nepali,  who brings the capital investment in Nepal, if intends to receive the certificate of such investment, the bank which transfers such capital investment in Nepal shall issue the certificate to the concerned person.

Related Law

Call LExNRN, for Quick Inquiry!