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Finance Act 2079/80 (2022/23) has introduced Digital Service Tax on Digital Services provided by Non Resident Person to the Resident Consumers. Digital Service Tax shall be levied at the rate of 2% of the transaction value (excluding indirect tax levied in Nepal) of digital services provided by Non Resident Person to Resident consumers, in case the annual transaction of digital service crosses 2 millions.
The Governor, CA Maha Prasad Adhikari unveiled the Monetary Policy 2079-80 (2022-23) on 22 July 2022. The reviving world economy after the pandemic has been challenged due to the ongoing war between Russia and Ukraine which in turn has led to a substantial rise in the price of petroleum products and food items
A Foreign investor can invest or operate a business in Nepal (i) by incorporating a limited liability company in Nepal, (ii) by acquiring shares of a limited liability company already in existence. Foreign investors can incorporate a private limited company or a public limited company. Private limited companies can also be incorporated with a single shareholder. At least seven shareholders are required to incorporate public limited companies. There is no provision for registration of limited liability partnerships.
NBSM has complied the Procedure and Compliance aspect of Foreign Company Registration in Nepal.