Nepal Rastra Bank will ease repatriation procedures for foreign companies investing in Nepal, enabling them to take back dividends, interest, and principal returns more conveniently, as outlined in the Monetary Policy for FY 2082/83.
Nepal Rastra Bank has announced that it will facilitate the repatriation process for foreign companies investing in Nepal. The initiative was introduced in the Monetary Policy for the fiscal year 2082/83, unveiled by Governor Dr. Bishwanath Paudel.
The policy aims to simplify the process for foreign investors, foreign-invested industries/companies, and branch/contact offices or permanent establishments of foreign companies in Nepal to repatriate principal amounts, interest, and dividends.
The monetary policy states: “Arrangements for repatriation of principal, interest, and dividends by foreign investors, companies with foreign investment, and branches or contact offices of foreign companies established in Nepal will be facilitated.”
In addition, the central bank will initiate measures through commercial banks to manage foreign exchange risks in order to attract more foreign investment.
Nepal Rastra Bank also indicated that it is preparing to amend the Foreign Investment and Foreign Loan Management Regulation, 2078, to improve the economic and business environment and promote investment growth.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
