Government Notice

Following the government’s decision to ban TikTok in Nepal, the Nepal government has taken proactive measures to regulate social media platforms within the country. Recognizing the influence and impact of such platforms on public discourse and societal dynamics, the government has implemented a comprehensive set of regulations to ensure responsible and ethical usage. This move aims not only to address concerns related to content moderation but also to safeguard the interests of users and maintain a secure online environment. The regulatory framework encompasses guidelines for user privacy, misinformation, and the promotion of harmful content. By issuing these regulations, the government of Nepal demonstrates its commitment to fostering a digital landscape that aligns with national values and standards, promoting a healthier and more accountable social media ecosystem. The implementation of such measures reflects the evolving nature of governance in the digital age, where countries are increasingly recognizing the need for responsible oversight in the realm of social media.

Nepal Rastra Bank has amended the Foreign Exchange Transaction Licensing and Supervision Bylaw, 2077 which allows different firms, and companies such as hotels, airlines, travel agencies, cargo companies, etc. to obtain a license from NRB to engage in foreign exchange transaction activities.

On 2nd October 2023, the Nepal Government, Ministry of Industry, Commerce and Supplies published a notice regarding Foreign Direct Investment made through the Automated Route as per Section 42 (1) of the Foreign Investment and Technology Transfer Act, 2075 in the Nepal Gazette.

Any proposed industry with a maximum of NPR. 50,00,00,000/- (Fifty Crore Rupees) approx. 3.7 Million USD as Authorized Capital can be incorporated through the Automated Route. There will be no threshold of a minimum of 2,00,00,000/- (Two Crore Rupees) for the Information Technology industry.

Read more to know the list of Industries that can benefit from this arrangement.

As an effort to promote economic growth, foster entrepreneurship, and encourage investment in Nepal, the Ministry of Industry, Commerce and Supplies has implemented a temporary measure to support existing and aspiring entrepreneurs.

The government has decided to waive the Company Incorporation and Capital Increment Fees for any Private Company, Public Company, Foreign Branch Office, or Liaison Office.

Please note that this waiver is temporary and applicable for the fiscal year 2080/2081.

Nepal Rastra Bank has issued Cyber Resilience Guidelines to all licensed financial institutions, Payment Service Providers, and Payment Service Operators to mitigate the risk associated with digital transactions.