How To Register Small Business In Nepal

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How to register small business in nepal. Nepal is a country blessed abundantly in terms of geographical diversity and cultural variety. Catering service is a cool business idea that requires little investment but gives a huge profit amount. Up to npr 100 000 authorized capital. The vat registration is required for any individual with a turnover more than npr 50 lakhs in case of goods and more than 20 lakhs in case of services any entrepreneur carrying on small transactions on his own will business it consultancy electronics software liquor health club motor parts scrap trekking tourism transportation etc even below the threshold etc are required for. Both individual and companies are required to follow a uniform income year that runs from july 16 to the following july 15 corresponding to the nepali fiscal year nfy.

To register a company the promoter must submit an application as prescribed by the ministry of industry commerce and supplies. It is smart enough to register your business with the governmental business matter related offices. A company is an incorporated business institution that has a legal personality of its own. Ask for the pan or vat identification number for your form. Another business idea on the list of best 10 small business scopes in nepal is that of a travel agency or tourist guide.

All persons with assessable income are required to register with the inland revenue office iro and obtain a permanent account number pan and to file a tax return annually. All you would need to start this business is 2 or 3 clippers a small shop and a small generator. Business licenses and permits. Some of the relevant departments are. Obtain necessary approvals from the relevant ministries departments bodies for permit license to conduct business.

One of the small scale businesses that require low startup capital that an entrepreneur can successfully start in nepal is a barber s shop. It is indeed a profitable business if it is well positioned and also if you know how to cut the hair. Many international investors may have shunned potential projects in the country due to the unfavourable business environment but official data show cottage small and medium. The registration fee is based on the company s authorized capital. Department of electricity development.

In order to register your enterprise you need to provide the following documents. For every business you must take the permission to start to form the government agencies. La county ptac provides links to web sites that contain information general information for small businesses such as upcoming events and how to register to be a county state and federal vendor.