How to Register a Remittance Company in Nepal: Step-by-Step Guide
To register a Remittance Company in Nepal, you need to follow specific steps and fulfill certain requirements. Here's a brief guide on how to register your Remittance Company in Nepal:
- Register your company with the Company Registrar's Office under the Ministry of Industry, Commerce, and Supplies.
- Obtain a PAN (Permanent Account Number) from the Inland Revenue Department (IRD).
- Register your company with the Nepal Rastra Bank (NRB) and obtain a license to operate as a Remittance Company.
- Fulfill the minimum capital requirement and maintain the specified reserve funds as required by the NRB.
- Get approval from the NRB for the company's board of directors and management team.
- Comply with the anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations and requirements set by the NRB.
It's crucial to ensure that you comply with all the necessary regulations and requirements to operate your Remittance Company legally and efficiently in Nepal. By following these steps and fulfilling the requirements, you can start your Remittance Company in Nepal.