Best Company Registration in Nepal
Best Company Registration in Nepal
While owning and running a business, it is crucial to get it registered legally for the establishment of a legitimate business entity with the concerned government authorities.
Company registration in Nepal simply means giving your business a unique identity. Depending upon the type of company you run, the process and the documents required for business registration in Nepal are slightly different, and terms and conditions too as per the Company Act 2063 BS. Once the company is successfully registered, it will need to comply with the rules and regulations accordingly as per the concerned government authorities. Let us help you in guiding and assisting you whenever required for your business registration in Nepal. Remember KarSansar for all of your legal needs for your business.
What We Offer
Categories of Nepal business registration scenario
Private Ltd. Company
It is a popular business structure in Nepal where the share owners’ financial liability is directly proportionate to the amount unpaid on their shares. A private limited company should be owned by 2 - 50 shareholders. Debts are limited to the amount of the share invested.
Public Limited company
This type of business entity has an unlimited number of shareholders and can raise capital by issuing shares to the public. A Public Limited Company must have at least 7 shareholders and to highly adhere to stricter regulations than a Pvt. Ltd. Company.
Get in Touch
Ready to grow your business? Karsansar is here to help with expert solutions tailored to your needs. Contact us today and let’s achieve success together!
Non-profit company
Non-profit companies, be it NGOs, Charitable Trusts, or Associations, the main purpose of such an entity is being charitable and focus mainly on social purpose rather than profit.
Partnership firm
For registration of a partnership firm, two or more individuals are required who agree to share the profit and liabilities of the business.
Sole Proprietorship
This type of business is owned and operated by a single person. It is suitable for individual entrepreneurs and small businesses.
Account creation in OCR e-services for online company registration in Nepal
First of all, to initiate online company registration in Nepal, you need to choose from the above business types that fit your business nature and capability. Whether your requirement is for small business registration in Nepal like sole Proprietorship or elaborated industries registration in Nepal like Public Limited Company. Surprisingly, selecting a unique name for your business appears to be the most challenging and important part of company registration in Nepal. Besides being relative to the nature of your business, the name you select needs to be authorised by the Office of Company Registrar ( OCR) serving as the government agency for the verification of the business registration in Nepal.
Now, whenever you are ready, go to the OCR e-services for online company registration in Nepal by typing the URL: https://www.ocr.gov. np/CRO/, in your web browser and please do keep in mind that the OCR e-services have recommended the use of Mozilla Firefox for the compatibility of the website. When you press enter and wait for a couple of seconds, you’ll see a Welcome to OCR e-Services page, search and find “To establish a new Company, please click here New!” and click on the “ New! “ button highlighted in red. You’ll be redirected to a form and you are required to fill up the form with all your genuine details. Double check and if all is correct, you can click the “Create User” button. You’ll receive the email with your unique login details ( username and password) and simultaneously you’ll be redirected to the Login Page with a confirmation message.
Use the provided credentials in your email to log into the OCR e-services. Since this is the first time and you have been provided with a unique but more of complex password, you’ll be redirected to the “Change the Password” page so that you can set the memorable password and you feel safer to have, after you have entered the password twice, click on ‘Update” button.
Then you’ll have to log in once again with your new permanent password that you’ve just set.
Reserving Company Name
Furthermore, in the process of company registration in Nepal, once you are logged in you’ll be able to find the “Name check/ Reservation” menu in the menu bar and select “Name Reservation Request Form”. In the form, you’ll need to select the company type that you are interested in registering from the drop-down menu. You will be required to type the company’s name both in English and Nepali. After that, you are required to fill in the objective details either by clicking on the objective option or the NSIC code option. OCR e-services have provided the option of entering more than one objective and also the service of automatically generating the respective NSIC code or Objective. Now click on submit and you’ll be receiving the email with all the details of your Name Reservation Request application.
Once the online application is approved, you can go ahead with the required documentation part for further proceeding the company registration process in Nepal. If your application is rejected due to one or many of various reasons, you’ll need to go back and follow the previous steps of the Check Name/ Reservation process. In both of the cases, you’ll be notified about the status of your application via email to continue your company registration process in Nepal.
Take the Next Step with Karsansar Elevate Your Business Today!
Ready to grow your business? Karsansar is here to help with expert solutions tailored to your needs. Contact us today and let’s achieve success together!
New company registration in Nepal
After receiving the approval of the Company name from the company registration office in Nepal via email, you can log in to the OCR e-services and click on “Registration Form“, you need to fill in all the details in the application form, and then follow the instructions that may be shown which may vary depending upon the type of business registration in Nepal you have chosen.
After filling in all the required details, you can click on the “Preview” button to double-check for all the details and omit any errors or mistakes. Once you feel all is well, click the “Submit” button. And you’ll be redirected to view the detailed information on the registration. The information has a confirmation message with the relative company registration fee in Nepal to be paid and temporary application ID. Additionally, detailed information about the company registration process in Nepal will be sent to your email address with the attachment of company registration details.
After approval of the business registration, which will be updated in the lodgment section as well as you’ll receive an email notification. Now all you need to do is to visit the Office of the Company Registrar with all the original certificates and documents for further verification of the company registration process in Nepal.
After getting verified by the authority at the office of the company register in Nepal, you are supposed to make a company registration fee payment, which ranges from Rs 1000/- to 16,000/- and more as per the capital of the business. As the final step of business registration in Nepal, the office of the company registrar issues a company registration certificate and you are asked to double-check for any errors just in case.
To wrap it all up, you need to get a PAN ( Permanent Account Number) registered with the Inland Revenue Office ( IRO) for which you need to submit an online form via the IRD Portal for Business PAN Registration and visit the IRO carrying the original documents :
- Company Registration Documents
- Online form submission number
- Proof of address
- Minute for registration
- Shareholders’ citizenship
- Company Stamp.
Ward registration is advised to be done to formally confirm the address of the business to be well acquainted with the vital community news and activities.
We hope that the above information will help you a lot in understanding the company registration in Nepal. Please feel free to get in touch with a team member of KarSansar, for we provide a one-stop solution for all of your legal business needs. Any consultation, legal solicitation, and support for business registration in Nepal and beyond can be obtained without any doubts at the highest professional level through our specialised legal and business advisory services.