FinLex Associates
FDI has been playing a significant role in the development and growth of any economy; similarly, it is no exception for Nepal. While establishing a branch office or liaison office in Nepal, it has generally been one of the most viable means of entry into the market with competitive advantage as a foreign investor or company. It then becomes quite intricate on how to comply with all local laws and regulatory issues. At FinLex Associates, we offer professional legal services in representing foreign companies with all formalities that come along when setting up a branch office or liaison office in Nepal.
The Nepalese economy can offer a small but budding market to international business. There is great geographical proximity, and it lies between two of the fastest-growing global economies, China and India. The government policy decision has attracted and accommodated foreign investors into business one way or another in the country. It's a virgin economy, more so in the energy and infrastructure, technology, and manufacturing sectors, among others. Still, entry into Nepal is no cakewalk and involves knowledge of local laws and their compliance.
We also consult on opening branch and liaison offices of foreign companies in Nepal. By opening a branch office, the foreign company would be able to operate its business activities in Nepal. Opening a liaison office opens ways for the promotion of business and facilities, hence not directly taking part in profit-oriented business. As such, both are established by registration with regulatory authorities in Nepal and are obligated under the law of the land.
At FinLex Associates, we guide you through every step of the process for business setup—from the application for registration right through to the granting of necessary approvals by relevant government departments. We also extend our services towards drafting documents required to be executed, like Articles of Association and Memorandum of Association, to ensure your business is adequately structured for success.
One of the most critical issues in the setup of foreign business presence in Nepal pertains to compliance with the legal and regulatory environment prevalent in the country, covering tax laws, environmental laws, labor laws, and many more. Our lawyers understand the nuances of Nepalese regulations and will take you through this labyrinthine process efficiently. We can also assist in procuring licenses and permits required for your industry, taking care of all legality concerns in the local aspects.
While incorporating either a branch or liaison office, a proper idea must be developed of what taxes one's business will have to incur. Foreign entities have a distinct tax regime in Nepal. Businesses, therefore, require compliance concerning various tax filings and other financial compliances. Lawyers at our firm will update you on an overview of the income tax structure prevailing in Nepal. This may be used as a strategic tool to chalk out financial activities in a manner that aims at minimizing your tax liabilities within the full ambit of local regulations.
Upon successfully setting up your branch or liaison office, we continue to support the maintenance of legal compliance with Nepalese laws, including annual filings, auditing requirements, and corporate governance practices. We will make sure that your company remains operationally transparent and lawfully sound throughout its tenure in Nepal.
We will incorporate a branch or liaison office in Nepal through FinLex Associates and make it hassle-free and smooth. From advising on foreign investment to end-to-end assistance in matters of compliance with regulatory requirements, to assisting in the protection of your investment, our team of attorneys will be involved with all aspects of the matter at hand. With expertise in-depth in Nepalese business law and the background of success supporting international companies, we have the background and credentials for positioning as your trusted partner in your expansion into Nepal.