If you are looking to start an online shopping eCommerce company in Nepal, you'll need to go through the registration process.
In this comprehensive guide, we'll walk you through the step-by-step process of registering your online shopping eCommerce company in Nepal.
With this guide, you'll have all the information you need to get your online shopping eCommerce company up and running in Nepal.
Process of Online Shopping Company Registration
To register a online shopping eCommerce company in Nepal, you can follow the steps outlined below:
- Choose a unique name for your online shopping company and check if it is available for registration.
- Register your company with the company registration office OCR by filling out the necessary forms and paying the registration fee.
- Register for a PAN (Permanent Account Number) with the Inland Revenue Department (IRD) for tax purposes.
- Apply for a VAT (Value Added Tax) registration with the Inland Revenue Department if your company meets the VAT threshold.
- Obtain necessary licenses and permits from the relevant authorities, such as the Department of Commerce, Supplies, and Consumer Protection and the Nepal Rastra Bank (NRB).
- If you plan to import goods, register for an Import Export Code (IEC) with the Department of Customs.
- Create a website for your eCommerce business and comply with the relevant laws and regulations regarding online transactions and data privacy.
It is recommended to consult with a legal advisor or company registration service provider to ensure that you comply with all the legal requirements and procedures.
Why Online Shopping Business is Growing Rapidly in Nepal
Online shopping business is growing rapidly in Nepal due to several reasons, including:
- Increasing internet and mobile phone penetration: The availability of affordable internet and mobile phones has increased significantly in Nepal, providing more people with access to online shopping.
- Convenience: Online shopping provides customers with the convenience of shopping from anywhere at any time, which is especially attractive to customers who have busy schedules.
- Wide range of products: Online shopping eCommerce companies offer a wide range of products that may not be available in physical stores in Nepal, providing customers with more options.
- Discounts and deals: Online shopping eCommerce companies offer discounts and deals on products, which attracts customers and encourages them to make a purchase.
- COVID-19 pandemic: The COVID-19 pandemic has accelerated the growth of online shopping in Nepal as people have been encouraged to stay at home, and physical stores have been closed or operating with limited hours.