Insights

How Digital Nomads and Startups Can Incorporate in Nepal

Written by Vijay Shrestha | May 26, 2025 5:30:24 PM

From the snow-capped Himalayas to the buzzing startup hubs of Kathmandu and Pokhara, Nepal is becoming a magnet for digital nomads, remote workers, and early-stage founders. With low operating costs, a growing digital ecosystem, and a young tech-savvy population, company incorporation in Nepal is emerging as a smart move for global startups and freelancers looking to scale or base their operations in Asia.

Can Digital Nomads Legally Register a Company in Nepal?

Yes. Under the Foreign Investment and Technology Transfer Act (FITTA) 2019, international entrepreneurs — whether individuals or companies — are allowed to incorporate businesses in Nepal, including full foreign ownership in many sectors. While the country doesn't yet have a "digital nomad visa," it does allow incorporation and residency through legal investment pathways.

Key Advantages of Incorporating in Nepal for Nomads and Startups

  • 100% Foreign Ownership in Many Sectors (IT, software, outsourcing, consulting)

  • Low Operational Costs (office space, salaries, utilities)

  • Highly Skilled, English-Speaking Workforce

  • Access to South Asian Markets (bordering India and China)

  • Growing Startup and Tech Ecosystem in cities like Kathmandu, Lalitpur, and Pokhara

Minimum Investment Requirements

According to Nepal’s foreign investment law, the minimum threshold for company incorporation by a foreigner is NPR 20 million (roughly USD 150,000). While this may seem high for solopreneurs, many nomads and startup teams partner with local co-founders or form joint ventures to meet this threshold and access additional tax and legal benefits.

Most Suitable Business Structure for Digital Nomads

The ideal structure is a Private Limited Company, which offers:

  • Limited liability protection

  • Full legal identity

  • Flexibility in operations and ownership

  • Eligibility for local contracts, payments, and employment

Other options include setting up a branch office (for existing companies abroad) or a joint venture with a Nepali citizen or company.

Step-by-Step: Company Incorporation in Nepal

1. Draft a Detailed Business Proposal

Include:

  • Purpose of the business

  • Investment capital

  • Technology to be used (if applicable)

  • Employment plan

2. Apply for Foreign Investment Approval

Submit your proposal to the Department of Industry (DoI). Upon review, they will issue a Foreign Investment Approval Letter.

3. Register Your Company with the Office of the Company Registrar (OCR)

Provide:

  • Articles and Memorandum of Association

  • Passport and ID verification

  • Director/shareholder details

After approval, you will receive your Company Registration Certificate.

4. Capital Registration with Nepal Rastra Bank (NRB)

You must register your investment funds and confirm they are brought in through formal banking channels. This enables future profit repatriation and ensures full legal compliance.

5. Tax and PAN Registration

Your business must be registered with the Inland Revenue Department (IRD) for:

  • PAN (Permanent Account Number)

  • VAT (if applicable)

6. Set Up a Local Bank Account

This is necessary for injecting capital, making payments, and complying with NRB regulations.

Popular Industries for Digital Nomads and Startups in Nepal

  • IT and Software Development

  • Remote Consultancy

  • Digital Marketing and SEO Services

  • BPO and Outsourcing

  • eLearning and Online Education Platforms

  • Sustainable Tourism & Ecotourism Ventures

These industries are generally open to full foreign ownership and require minimal local infrastructure, making them ideal for location-independent founders.

Taxation Overview

  • Corporate Tax: 25% for most companies

  • VAT: 13% (only if turnover exceeds NPR 2 million annually)

  • Dividend Repatriation: Allowed with NRB approval and tax clearance

Nepal also provides incentives for IT-related industries, including tax holidays and duty-free import of software/hardware.

Challenges Digital Nomads Should Prepare For

While Nepal is a land of opportunity, digital entrepreneurs should also consider:

  • Visa Limitations: No digital nomad visa exists yet; most stay under business, work, or investment visas.

  • Internet Connectivity: Improving rapidly, but backup plans (e.g., mobile data, generators) are still advised.

  • Bureaucracy: Paperwork can be lengthy, so working with a local consulting or legal firm is highly recommended.

Final Thoughts: Is Nepal Right for Your Startup or Remote Business?

Nepal is not just a destination for trekking — it’s becoming a launchpad for remote-first businesses and digital creators. For entrepreneurs who want a base in South Asia with competitive costs, favorable ownership laws, and a vibrant tech community, company incorporation in Nepal offers an underrated but powerful gateway.

By understanding the legal framework, investment requirements, and local nuances, digital nomads and startup founders can unlock long-term opportunity while enjoying a unique and culturally rich work-life experience.