How to register a Company in Nepal ?

To establish a business in Nepal, the initial step is to register the company with the Office of Company Registrar (OCR). According to the Companies Act, 2006 OCR has the authority to approve company registration in Nepal. This process is required for individuals or groups who want to start their own business or private firm in Nepal.

Starting a business in Nepal can be a complex process. Still, with proper planning and the right resources, it is possible to register and operate a business in the country successfully. If you planning to set up a business in Nepal but are not familiar with the registration process, this step-by-step guide can help you. It provides detailed information on how to register a business in Nepal, including the steps to take and the costs and fees involved.

1.    Name your Business

To register a private company in Nepal, the investor(s) must first reserve their company's name to the OCR (Office of the Company Registrar). You will need to choose a name for your business that is not already taken and that meets the requirements of the government. It is important to check that the proposed name is not already in use or reserved before proceeding with the registration process.

·        To check the availability of a business name with the OCR, investors can visit the OCR's website https://ocr.gov.np/ and navigate to             the "eServices" section. 

·        Click on the 'Check Name' tab and then click on the option to establish a new company.

·        Please fill out the form to create a user ID and submit it.

·        You will receive an email with your login details, which you can use to log in to the OCR eServices application.

·        Change your password and then log out.

·        Log in again using your new password and go to the 'Name Check/Reservation' menu.

·        Click on the 'Name Reservation Request Form' and fill out the form to request and reserve a company name.

·        Wait for the OCR to review your request and send you a notification email indicating whether your requested name has been                       approved or rejected.

·        If your name is rejected, you must repeat this process with a different and unique name. If it is approved, you can move on to the                 next step.

2.    Prepare necessary documents:

·        Gather all of the required documents, which can be found on the OCR website.

·        Have your articles of association and memorandum of association certified by a notary.

·        Scan and save digital copies of all of your documents.

3.    Upload documents:

·        Fill out the company registration form, which can be accessed from the OCR website using your user ID and password.

·        Enter your company and branch details, capital details, shareholder details, and objective details.

·        Upload scanned copies of your required documents in the document details section.

·        Preview your form to ensure all the information is correct, and then submit it.

4.    Pay the registration fee:

·        After submitting your form, you will receive a notification email with a reference number and the registration fee you need to pay.

·        Pay using the provided reference number and your company's Taxpayer's Identification Number (TIN).

5.    Wait for approval:

·        The OCR will review your application and documents and notify you via email if any additional information or documents are                       needed.

·        Once your application is approved, you will receive a certificate of registration, and your company will be officially registered in                   Nepal.

KEY POINTS TO REMEMBER DURING REGISTRATION PROCESS

-  The articles and memorandum of association must be written on one side of a durable paper in clear Nepali language.

Ø  Each page of these documents should be signed by the founding shareholders at the bottom.

Ø   The last chapter should include the full names, addresses, and signatures of the founding shareholders, the number of shares they are each taking, and the fingerprints of each below their signatures.

Ø   In addition, the full names, addresses, and signatures of any witnesses to the founding shareholders should be included. 

Ø  At least one of the founding shareholders must be present in person at the shareholder's office to register the company.

 

Remarks: It is essential to carefully follow all of the steps in the company registration process to ensure that your business is properly registered and can operate legally in Nepal. Registering a company is not only enough to carry the transaction but also you have to take the license or permits before the operation.