What are the exact steps to register a small retail business in Kathmandu and obtain trade license and VAT in Nepal?
Lawyer Answers
Elite Legal Associates
Onesphere Law Associates-Corporate Law Firm in Nepal
Reply form Onesphere Law Associates: Steps to register your business:
Step 1 : Confirm the products and goods which you are planning top trade,
Step 2 : Register company at the Office of Company Registrar (OCR) or Proprietorship firm at the Department of Commerce, Supplies & Consumer Protection.
Step 2 : Register VAT at the Inland Revenue Office
Step 3 : Register Company/Firm at the local ward office.
If you have planned to import goods from abroad, you need to obtain Exim Code from the Deaprtment of Custom.
It will take 10-15 days to complete the registration process mentioned above.
The cost depends on the capital investment in the company. For company registration, you are supposed to hire a lawyer for drafting the required documents for company incorporation.
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