Restricts access to business visa to prevent misuse

On 5 November 2022, the Government of Nepal tightened the business visa issuance system to prevent misuse of the facility following rising cases of investment pledges not being fulfilled after the applicant had obtained the visa. According to the new rule, the Industry Department will recommend a business visa for three months by which time the investor has to submit a certificate of company registration. After the registration certificate has been received, the department will recommend an extension of the business visa for another three months. Within this period, the investor needs to submit proof of having registered at the tax office and opened a bank account. The investor is also required to produce details of the progress of industry registration. If the Industry Department is satisfied with the paperwork, it can recommend another three-month extension. After the applicant has submitted all the documents, the visa will be extended by another six months.

• Type:

  • Entry and establishment (Approval and admission)
  • Treatment and operation (Immigration regulations)

• Industry:

  • Not industry specific

• Sources:

  • thenepalipost, Restrictions On Business Visas For Foreigners After Investment Is Not Received As Promised!, https://thenepalipost.com/details/26615, 05 Nov 2022
  • kathmandupost, Nepal tightens business visa rules for foreign investors to prevent misuse of the permit , https://kathmandupost.com/money/2022/11/05/nepal-tightens-business-visa-rules-for-foreign-investors, 05 Nov 2022