When incorporating, you must look at the law in the country, in Nepal is hybrid (common law and hindu law) law. You will want to get some local advice as to how to best structure a company in Nepal. Electronic signatures are permitted.
The letters NP is for Nepal and the most common company type structure in Nepal is a LLC.
The average time to incorporate is 15 Days to put together the paperwork and file a LLC in NP. The minimal capitalization is 0, This means you don't have any minimum share capital. The types of cash you can use to setup your business is frequently legal currency.
Yes, one is allowed to re-domicile a LLC from NP. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least 1 shareholder. This makes it possible for you to own a LLC in NP by yourself. Corporate Shareholders are allowed, meaning you could have a company as a shareholder. Foreign ownership is allowed, up to 100% of the ownership of the LLC.
A legal entity is only required to have one director. Furthermore, corporate directors are not permitted. Directors are disclosed publicly. There is a requirement to have annual meetings of shareholders.
A registered agent is normally required, which means the company will have to pay a fee on a yearly basis, for a legal services company which can receive a service of process on behalf of the business. Furthermore, a company secretary is not always necessary, at least not by law.
There is a legal obligation to file accounts on a yearly basis. Furthermore, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are not in effect.
A corporate director is not permitted, meaning this country is not a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Nepal, Office of the Company Registrar. Shareholders are not disclosed in the Office of the Company Registrar.
Typically companies take 15 days to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Nepal is a ok option and have given it a score of 51 as an IO score, using the Incorporations.IO proprietary formula.
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