Share your needs with us, get contacted by law firms.
Free. Takes 2 min.
In Bhaktapur, Nepal, the process of business registration is regulated by Nepal's Company Act 2006. It provides a legal framework for setting up different kinds of businesses. The key agency overseeing business registrations is the Office of Company Registrar (OCR), under the Ministry of Industry, Commerce, and Supplies. All businesses in Bhaktapur, whether they are partnerships, private limited companies or public limited companies, need to comply with this Act and the rules defined by the OCR.
Understanding and navigating through the legal complexities associated with business registration in Bhaktapur can be difficult without professional help. A lawyer can help in different areas such as choosing an appropriate business structure, understanding tax implications, drafting foundational documents like operating agreements and bylaws, negotiating and reviewing contracts, and ensuring compliance with local, regional & national laws. If disputes or legal issues arise in future, having a lawyer acquainted with your business can also be advantageous.
The key elements of local laws that impact business registration in Bhaktapur, Nepal, include the Companies Act of 2006. This Act requires that any new business must register with the Office of Company Registrar. A business must also obtain a PAN number from the Inland Revenue Department. If the business is involved in export/import, it needs to register with the Department of Commerce. Additionally, businesses need to adhere to local municipal rules and industry-specific regulations.
In Nepal, you can register as a Sole Proprietorship, Partnership, Private Limited Company, Public Limited Company, One Person Company, or Non-Profit Company.
The process involves several steps, including obtaining name approval, preparing necessary documents such as Memorandum of Association and Articles of Association, filling an application, and paying the registration fee.
The process usually takes 10-15 working days, provided all the paperwork are correctly done and all necessary documents are in place.
Basic requirements include proposed company name, business objectives, shareholders' details, share capital details, and identification documents of the owners.
Yes, foreigners can register a business in Bhaktapur, Nepal. However, there are some restrictions in certain sectors like agriculture, personal services, etc.
For more information on the company registration process in Bhaktapur, Nepal, useful resources include the official websites of the Office of Company Registrar and the Ministry of Industry, Commerce, and Supplies. Also, some law firms and consultancy services provide helpful resources and guidance.
If you require legal assistance for business registration in Bhaktapur, you should consider contacting a lawyer or a legal firm specializing in commercial law. You may also approach the local Chambers of Commerce and Industry for guidance, as it can provide practical advice and put you in touch with experienced professionals.
