Question 1

What are the different types of companies I can register at Rolacon?

Accepted Answer

At Rolacon, you can register a Private Limited (Pvt. Ltd.), Public Limited, Sole Proprietorship, Partnership, or NGO/INGO depending on your business needs.

Question 2

What documents are required for company registration in Nepal?

Accepted Answer

You need:
- Company name approval from OCR Nepal
- Memorandum & Articles of Association (MOA & AOA)
- Passport-sized photos and citizenship copies of shareholders
- Details of directors & authorized representatives
- Office address and rental agreement (if applicable)

Question 3

How long does it take to register a company in Nepal?

Accepted Answer

The process takes 7-15 working days, depending on the type of company and document verification speed.

Question 4

How much does it cost to register a company in Nepal?

Accepted Answer

Registration fees depend on company type and capital. Pvt. Ltd. companies typically pay between NPR 1,000 – NPR 15,000, while Public Limited companies have higher fees.

Question 5

Can a foreigner register a company in Nepal?

Accepted Answer

Yes! Foreign investors can register a company through the Foreign Investment and Technology Transfer Act (FITTA). The minimum investment is currently NPR 20 million (approx. $150,000), with the threshold waived for certain IT-based industries.

Question 6

What are the legal requirements after company registration?

Accepted Answer

Once registered, you must:
- Obtain a PAN/VAT certificate
- Open a corporate bank account
- Register with the Tax Office
- Submit annual audit reports and tax filings

Question 7

Is auditing mandatory for all companies in Nepal?

Accepted Answer

Yes, all Private Limited and Public Limited companies must submit an annual audit report prepared by a licensed Chartered Accountant (CA).

Question 8

What is the difference between internal and external auditing?

Accepted Answer

Internal Audit: Conducted by the company's internal team for internal risk assessment.
External Audit: Conducted by an independent CA firm to verify financial accuracy and compliance.

Question 9

How often should a company be audited?

Accepted Answer

Companies must be audited annually as per Nepalese Companies Act and Income Tax Act.

Question 10

What happens if I don't conduct an audit?

Accepted Answer

Companies failing to submit audit reports may face penalties, fines, and legal actions by the Office of Company Registrar (OCR) and the Inland Revenue Department (IRD).

Question 11

What are the corporate tax rates in Nepal?

Accepted Answer

The standard corporate tax rates are:
- Private & Public Companies: 25%
- Banking & Insurance: 30%
- IT, Software, and Special Industries: 20%

Question 12

What is the VAT rate in Nepal?

Accepted Answer

The standard VAT rate is 13%, applicable to most businesses except those under exemption categories.

Question 13

Do I need to register for VAT?

Accepted Answer

Businesses with annual revenue above NPR 5 million must register for VAT. Those below this threshold may register voluntarily.

Question 14

What is TDS (Tax Deducted at Source) in Nepal?

Accepted Answer

TDS is a withholding tax that businesses deduct while making payments. Common rates include:
- Consulting services: 15%
- Rent payments: 10%
- Salary payments above the exemption limit: 1% - 15%

Question 15

What happens if I don't file taxes on time?

Accepted Answer

Delayed tax filing results in:
- Late filing penalties
- Interest on unpaid taxes
- Legal consequences including business suspension

Question 16

What are the annual compliance requirements for a Pvt. Ltd. company?

Accepted Answer

Companies must:
- Submit an Annual Return to OCR Nepal
- File audit reports and tax returns
- Maintain financial records for at least 5 years

Question 17

How do I close a company in Nepal?

Accepted Answer

You need to:
- Clear all outstanding tax liabilities
- Submit an application to OCR Nepal for dissolution
- Publish a public notice and settle any disputes

Question 18

What is the penalty for not renewing a company registration?

Accepted Answer

Companies failing to renew can be blacklisted by OCR Nepal, fined, and may face legal dissolution.

Question 19

What licenses do I need to operate a business in Nepal?

Accepted Answer

Common business licenses include:
- PAN/VAT Registration
- Industry Registration (for manufacturing units)
- Trade License (for commercial businesses)
- Special permits (for financial, healthcare, and educational institutions)

Question 20

How can an audit firm help my business?

Accepted Answer

An audit firm ensures financial accuracy, tax compliance, risk management, and helps businesses maintain legal transparency to avoid penalties and legal issues.

Audit Firm in Butwal, Nepal for audit, tax & company registration

Audit, tax, accounting & company registration in Nepal

Company Audit (Statutory Audit)

Accounting & Bookkeeping

Income Tax, VAT & PAN

Company Registration (OCR)

CA Consultant & Business Advisory

Renewals, Customs & Compliance

Foreign Direct Investment (FDI)

Trademark Registration

About Rolacon — audit & accounting firm in Butwal

Why choose Rolacon as your auditor in Nepal

Accuracy and compliance you can trust

Expert guidance, personalized to your business

Secure and transparent, start to finish

Registering a company in Nepal? Check your name first — free.

Company registration, audit & tax in Nepal — FAQs

What our clients say

Contact our audit team in Butwal

Send us a message