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Any Foreign Investor investing in Nepal either through Joint Venture or 100% foreign investment is required to record their equity investment (including loan) with Nepal Rastra Bank (Foreign Exchange Management Department).

Please find the detailed procedure to record their equity investment with Nepal Rastra Bank:

STEP 1: The concerned Company must obtain Circular 429 (a sample of which is attached herewith) from their respective Bank.

STEP 2: Along with Circular 429, you will need to submit following additional documents to the Nepal Rastra Bank.

• Application to the Nepal Rastra Bank.
• Industry Registration Certificate
• Company Incorporation Certificate including MOA and AOA
• Details of Equity Capital so invested
• Circular No 429
• Decision of Board of Directors to record the equity investment with Nepal Rastra Bank
• Power of Attorney to submit the application on behalf of the Company.

STEP 3: After submission of the documents, Nepal Rastra Bank shall issue the certificate of record. The whole process shall take roughly around 7 days.