Registering a small business in Nepal involves a series of steps to ensure compliance with regulatory requirements. Below is a general guide on how to register a small business in Nepal:
Choose a Business Name:
Select a unique and appropriate name for your small business.
Online Registration:
Register your business online through the Department of Industry's online portal or visit the DOI office in person.
Submit the necessary documents, including the registration form, and pay the registration fees.
Prepare Necessary Documents:
Prepare the required documents, including the Memorandum of Association (MOA) and Articles of Association (AOA) if applicable.
Tax Registration:
Obtain a Permanent Account Number (PAN) from the Inland Revenue Department for tax purposes.
Office Space:
Provide details of your business's office space as part of the registration process.
Registration Fees:
Pay the required registration fees to the Department of Industry.
Open a Bank Account:
Open a bank account in the name of your business. This account will be used for business transactions.
VAT Registration:
If your business's annual turnover exceeds the threshold, register for Value Added Tax (VAT) with the Inland Revenue Department.
Social Security Fund (SSF) Registration:
Register with the Social Security Fund if you have employees.
Renewal of Registration:
Keep track of the renewal dates for your business registration and other licenses.
Compliance with Local Regulations:
Ensure compliance with local regulations and laws that may be specific to your industry.
Business Operating License:
Depending on your business type, you may need additional licenses or permits from relevant authorities.