Insights

Legal Insights: Navigating Nepal's IPR Framework

Written by Vijay Shrestha | Feb 11, 2026 11:08:23 AM

Entering Nepal is a strategic decision. Choosing between a private vs public company in Nepal is even more critical.

Foreign investors often focus on market size and tax rates first. But your legal structure determines control, capital flexibility, compliance exposure, and exit options. It shapes everything.

This guide breaks down the differences clearly. It connects corporate structure with Nepal’s intellectual property regime, tax system, and foreign investment framework. If you are planning FDI, this is your blueprint.

Nepal’s Legal Landscape for Foreign Investors

Before comparing structures, you must understand the legal ecosystem.

Corporate entities in Nepal are primarily governed by:

  • Companies Act 2006
  • Foreign Investment and Technology Transfer Act 2019
  • Income Tax Act 2002
  • Patent, Design and Trademark Act 1965
  • Department of Industry
  • Office of the Company Registrar

Nepal follows a structured registration regime. Foreign equity participation requires formal approval under FITTA 2019.

IP protection is centralized. Corporate compliance is document-heavy but predictable.

For foreign companies, structure selection affects:

  1. FDI approval complexity
  2. Profit repatriation pathways
  3. Board governance obligations
  4. Public disclosure requirements
  5. IP asset holding strategies

Let’s now compare the two dominant corporate forms.

What Is a Private Company in Nepal?

A private company is the most common corporate vehicle for both domestic and foreign investors.

Under the Companies Act 2006, a private company:

  • Limits shareholders to 200
  • Restricts share transfer
  • Prohibits public share subscription
  • Operates under a private Memorandum and Articles

It is ideal for controlled ownership and closely held operations.

Key Characteristics

  • Minimum 1 shareholder
  • Minimum 1 director
  • No public capital raising
  • Faster decision-making
  • Lower disclosure obligations

For foreign companies entering Nepal, this is the preferred route.

What Is a Public Company in Nepal?

A public company is structured for broader capital participation.

It can:

  • Offer shares to the public
  • List on the Nepal Stock Exchange
  • Have unlimited shareholders
  • Raise capital through public issue

Public companies face higher scrutiny and regulatory oversight.

They must comply with additional reporting standards and corporate governance norms.

Private vs Public Company in Nepal: Core Differences

Below is a practical comparison tailored for foreign investors.

Criteria Private Company Public Company
Shareholder Limit Up to 200 Unlimited
Capital Raising Private funding only Public share issue allowed
Regulatory Oversight Moderate High
Disclosure Requirements Limited Extensive
Governance Structure Flexible Formalized
FDI Suitability Highly suitable Less common for new FDI
Compliance Cost Lower Higher
IPO Option Not available Available

Strategic Insight:
Most foreign investors begin as private companies. They convert to public only when scaling capital markets access.

Why Most Foreign Investors Choose a Private Company

From a risk architecture perspective, private companies offer:

  • Ownership control
  • Reduced reporting exposure
  • Easier repatriation structuring
  • Faster board decisions
  • Lower compliance cost

For FDI under FITTA 2019, private companies simplify approval pathways.

Public companies are typically used for:

  • Banking institutions
  • Insurance companies
  • Large infrastructure projects
  • IPO-driven expansion

Governance and Compliance Comparison

Private Company Governance

  • Annual General Meeting required
  • Basic statutory filings
  • Director reporting obligations
  • Audit compliance under Income Tax Act 2002

Public Company Governance

  • Mandatory independent directors
  • Enhanced audit committee requirements
  • Quarterly reporting expectations
  • Securities regulatory compliance

Public companies must maintain higher transparency.

Foreign companies not seeking public capital rarely need this structure initially.

Taxation Implications Under Income Tax Act 2002

Corporate tax rate in Nepal generally stands at 25% for most sectors. Certain industries have different rates.

Both private and public companies are taxed similarly.

However:

  • Public companies may face stricter audit visibility
  • Dividend tax applies in both cases
  • Withholding taxes apply on cross-border payments

Foreign investors must plan:

  1. Profit repatriation strategy
  2. Dividend distribution planning
  3. Transfer pricing compliance
  4. Permanent establishment risks

Private companies allow tighter tax planning flexibility.

Intellectual Property Strategy: Where IPR Meets Corporate Structure

Choosing the right structure affects IP ownership.

Nepal’s IPR system is governed primarily by the Patent, Design and Trademark Act 1965.

Foreign investors often ask:

Should IP be held locally or offshore?

Private companies are often used as operating entities.
IP holding is sometimes structured through:

  • Parent company ownership
  • Licensing to Nepal subsidiary
  • Technology transfer agreements

Under FITTA 2019, technology transfer agreements require approval from the Department of Industry.

Public companies complicate IP licensing structures due to disclosure obligations.

Capital Raising and Investor Confidence

Public companies provide:

  • Market credibility
  • Access to institutional investors
  • Liquidity events
  • IPO opportunities

But they demand:

  • Governance discipline
  • Financial transparency
  • Long-term compliance cost commitment

Private companies allow:

  • Venture-style scaling
  • Strategic investor placements
  • Founder-led control

For foreign SMEs, private companies are strategically superior in early stages.

Conversion from Private to Public

A private company can convert into a public company.

The process involves:

  1. Board resolution
  2. Amendment of Articles
  3. Compliance restructuring
  4. Regulatory filings
  5. Capital restructuring

Conversion is possible once business scale justifies public participation.

Compliance Burden Comparison

Private Company Compliance Checklist

  • Annual return filing
  • Tax filing
  • Audit compliance
  • Share register maintenance
  • FDI reporting

Public Company Additional Compliance

  • Prospectus requirements
  • Securities regulations
  • Enhanced governance norms
  • Public disclosures
  • Investor reporting

The cost difference is substantial.

Risk Mitigation for Foreign Companies

When evaluating private vs public company in Nepal, consider:

  • Control retention
  • Exit flexibility
  • Capital raising roadmap
  • Tax efficiency
  • Regulatory exposure

A misaligned structure creates friction later.

When Should a Foreign Company Choose a Public Company?

You may consider a public company if:

  • Large infrastructure capital is required
  • IPO is part of your strategy
  • Institutional investment is primary funding source
  • Brand positioning requires public credibility

Otherwise, private structure remains optimal.

Market Reality in Nepal

Most foreign investors register private companies.

Public companies represent a small portion of newly incorporated FDI entities.

Nepal’s corporate environment is relationship-driven and compliance-oriented. Structure should support operational agility.

Decision Matrix for Foreign Investors

Scenario Recommended Structure
Tech startup with foreign parent Private
Manufacturing FDI Private
Large hydropower project Public
Banking/Insurance Public
Offshore service center Private

Conclusion: Private vs Public Company in Nepal — The Strategic Choice

Choosing between a private vs public company in Nepal is not just legal. It is strategic.

Private companies provide flexibility, control, and lower compliance exposure. They suit most foreign investors entering Nepal.

Public companies offer capital access and scale but demand governance intensity.

For foreign companies exploring Nepal, begin with structure clarity. The right legal foundation protects capital, IP, and long-term scalability.

If you are planning entry into Nepal, consult experts who understand both FDI law and corporate structuring. The difference determines your growth trajectory.

Frequently Asked Questions

1. Can a foreign investor fully own a private company in Nepal?

Yes. FITTA 2019 permits 100% foreign ownership in most sectors, subject to approval and minimum investment thresholds.

2. Is a public company mandatory for foreign investment?

No. Most FDI projects use private companies. Public structure is required mainly for regulated industries.

3. Which structure is better for IP protection?

Both can hold IP. However, private companies offer simpler licensing and confidentiality management.

4. Are tax rates different for private and public companies?

Generally no. Corporate tax rates apply equally unless sector-specific incentives exist.

5. Can a private company convert to a public company later?

Yes. The Companies Act 2006 allows conversion after meeting regulatory requirements.