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Registering a hire purchase company in Nepal means meeting requirements set by the Nepal Rastra Bank (NRB), the Company Act 2063, and as of 11 August 2026   a major sixth amendment to NRB’s hire purchase policy that rewrites the rules on licensing, capital, interest rates, and compliance. If you’re starting a new hire purchase company or already run...

TOURISM ACT, 2035 (1978)Date of Royal Seal and Publication: 2035.5.25 (1978)Prepared by Niti Partners and Associates, a leading law firm in Nepal.Amending Acts:1. Tourism (First Amendment) Act, 2042 (1985) – 2042.7.142. Administration of Justice Act, 2048 (1991) – 2048.2.163. Tourism (Second Amendment) Act, 2053 (1997) – 2053.10.234. Act...

Government of NepalMinistry of Culture, Tourism and Civil AviationDepartment of TourismHOTEL, LODGE, RESTAURANT AND RESORT, BAR AND TOUR GUIDE RULES, 2038 (1981) Prepared by Niti Partners and Associates is a leading law firm in Nepal.Date of Publication in Nepal Gazette:2038.05.29 (14 September 1981)First Amendment Date:2071.08.29 (15 December 2014)In exercise...

Nepal has established a legal framework to recognize and facilitate the relationship between Nepal and Nepali citizens or persons of Nepali origin living abroad. The principal legislation governing Non-Resident Nepalis (“NRNs”) is the Non-Resident Nepali Act, 2064 (2008) and the Non-Resident Nepali Rules, 2066 (2009). In addition, the Constitution of Nepal,...

Nepal’s hydropower sector still runs on a licensing regime built around the Electricity Act, 2049 (1992) and the Companies Act, 2063 (2006), with a cluster of sector-specific policies layered on top over three decades. The Ministry of Energy, Water Resources and Irrigation (MoEWRI) retains policy oversight and licensing authority. The Department of...

Nepal has relied on hydropower for decades, but the country’s energy planners have started treating solar as a necessary complement rather than an afterthought. Hydropower generation in Nepal is seasonal, with output falling sharply in the dry winter months just as demand peaks, while solar irradiation is comparatively steady and can plug the gap. The...

IntroductionThe question of whether tax concessions granted under Nepal’s Industrial Enterprises Act can be claimed together with concessions available under the Income Tax Act has significant implications for manufacturing industries. The issue became the subject of litigation before the Supreme Court of Nepal in Mainawati Steel Industries Pvt. Ltd. and...

IntroductionNepal has introduced a statutory Safe Harbour framework for transfer pricing through the amendments made by the Finance Act, 2083 to the Income Tax Act, 2058. The new provision, Section 33A, establishes prescribed conditions under which eligible taxpayers can determine the transfer price of specified transactions by applying the statutory safe...

Introduction to Tax Exemption for Non-Profit Organizations in NepalNon-profit, social, religious, educational, charitable, and public-benefit organizations in Nepal operate under a tax framework that distinguishes between ordinary taxpayer registration and recognition as an organization entitled to enjoy income tax exemption. Registration as an NGO,...