Federal Democratic Republic of Nepal
Capital: Kathmandu HDI: 0.548 (145th)
Language: Nepali
GDP (PPP): $74.020 billion
Currency: Nepalese Rupee
Population: 26,494,504
Nepal, officially the Federal Democratic Republic of Nepal, is a landlocked country in South Asia with a population of 26.4 million. It is a multiethnic nation with Nepali as the official langugage. Kathmandu is the nation’s capital and largest city. Historically a monarchy, Nepal is now a parliamentary republic. Its economy depends on tourism, handicrafts, garments, carpets, tea, coffee, IT services, banking, and hydropower.
Nepal is bordered by China to the north and India to the south, east, and west. It is separated from Bangladesh by a narrow Indian corridor and from Bhutan by the Indian state of Sikkim. Nepal is located in the Himalayas and is home to eight of the world’s ten tallest mountains, including Mount Everest, the highest point on Earth.
The Nepalese government works in the framework of a representative democracy with seven federal provinces. Nepal is a developing nation. The country struggles with the transition from a monarchy to a republic. It also suffers from high levels of hunger and poverty. Despite these challenges, Nepal is making steady progress, with the government declaring its commitment to elevate the nation from least developed country status in 2022.
RESEARCH
Economic Overview
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Nepal Economy 2016
http://www.theodora.com/wfbcurrent/nepal/nepal_economy.html
Nepal is among the poorest and least developed countries in the world, with about one-quarter of its population living below the poverty line. Nepal is heavily dependent on remittances, which amount to as much as 22-25% of GDP.
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Nepal: Economy | Asian Development Bank
http://www.adb.org/countries/nepal/economy
Devastating earthquakes late in Fiscal Year 2015 cut economic growth in Nepal, and a surge in worker remittances expanded the current account surplus.
Industry Trends & Business Climate
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2014 Investment Climate Statement – Nepal
http://www.state.gov/e/eb/rls/othr/ics/2014/226855.htm
Its location between India and China – two of the world’s fastest growing economies – makes Nepal attractive to a number of foreign investors.
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InvestNepal – Investment Climate in Nepal
http://investnepal.gov.np/portal/index.php?p1=content&p2=8&mid=16#.V1mxoSsoM6Y
The government of Nepal has placed a high priority on industrial development in the country. To that end, the GON is focused on creating an investment-friendly environment, increasing employment, production and productivity, and substituting imports and minimizing the trade deficit by promoting export-oriented industries.
Establishing a Presence
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Types of Company in Nepal
https://www.kullabs.com/class-9/accountancy/business-organization/types-of-company-in-nepal
This site provides a description of statutory and limited companies
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Starting a Business in Nepal
http://www.doingbusiness.org/data/exploreeconomies/nepal/starting-a-business
This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Nepal.
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Starting a Business in Nepal
http://www.doingbusiness.org/data/exploreeconomies/nepal/starting-a-business
This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Nepal.
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Doing Business in Nepal – World Bank Group
http://www.doingbusiness.org/data/exploreeconomies/nepal
This site provides a ranking by the World Bank for doing business in Nepal including business registration
Taxes
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Nepal Corporate Tax Rate
http://www.multpl.com/nepal-corporate-tax-rate
Current Nepal Corporate Tax Rate: 29.50%
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Paying Taxes in Nepal – Doing Business
http://www.doingbusiness.org/data/exploreeconomies/nepal/paying-taxes
This site provides a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as administrative burden in paying taxes.
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Nepal Tax Rates for F Y 2014-2015, 2015-16
http://www.aaptaxlaw.com/World-Taxes/Nepal-Income-Tax-Rates-FY-2014-2015-Corporation-Tax-Rate-Personal-Income-Tax-in-Nepal.html
This site provides a table describing the indivual tax rates based on tacable income
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Paying Taxes in Nepal – Doing Business
http://www.doingbusiness.org/data/exploreeconomies/nepal/paying-taxes
This site provides a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as administrative burden in paying taxes.
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Nepal Sales Tax Rate | VAT 2014-2016
http://www.tradingeconomics.com/nepal/sales-tax-rate
The Sales Tax Rate in Nepal stands at 13 percent.
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Value-added tax – Wikipedia
https://en.wikipedia.org/wiki/Value_added_tax_(Nepal)
There are two rates of VAT: Normal VAT rate is 13%, some goods or services are subject to VAT at 0%. In addition some goods or services are exempt from VAT
Visas
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Nepal Visa: Application, Requirements
https://nepal.visahq.com/
An online site for a nepal visa application
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Visas and customs in Nepal – Lonely Planet
http://www.lonelyplanet.com/nepal/visas
Nepal entry and exit formalities – guide to Nepal visas, immigration, customs and border security
Infrastructure
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Nepal Transportation – Taxi, Train, Bus & Airport Tips
https://www.virtualtourist.com/travel/Asia/Nepal/Transportation-Nepal-TG-C-1.html
346 tips on getting to and getting around Nepal from real travelers and locals.
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Transport in Nepal – Lonely Planet
http://www.lonelyplanet.com/nepal/transport
Best transport in Nepal. Including Kathmandu Bus Station, Gongabu (Kathmandu) Bus Station, Golden Travels there are over 145 transport options.
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Telecommunications in Nepal – Wikipedia
https://en.wikipedia.org/wiki/Telecommunications_in_Nepal
Nepal Telecommunications Authority (NTA) is the regulatory body of telecommunications in the country. According to the latest figures, 8 companies have been licensed to operate voice based telephony services out of which 5 are heavily invested by foreign companies.
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Nepal Telecom – Official Site
https://ntc.net.np/
A listing of services provided by the largest telecom company in Nepal
Employer Obligations
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Labor relations and labor regulations in nepal
http://www.slideshare.net/niteshdubedi/labor-relations-and-labor-regulations-in-nepal
A list of labor law issues in Nepal
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Nepal. Labour Act – ilo.org
http://www.ilo.org/dyn/natlex/docs/WEBTEXT/30019/64854/E92NPL01.htm
A guide to the various provisions of the Labour Act of Nepal
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UNDER AND UNEMPLOYED YOUTH
http://un.org.np/oneun/undaf/unemployed
A commentary on unemployment in Nepal from the United Nations.
Culture/Living
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Cost of Living in Nepal
http://www.numbeo.com/cost-of-living/country_result.jsp?country=Nepal
Average prices of more than 40 products and services in Nepal. Prices of restaurants, food, transportation, utilities and housing are included.
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What is the Cost of Living in Nepal? – 2016
http://www.bankerinthesun.com/2014/02/cost-living-nepal-2/
A colorful commentary on prices in Nepal
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Business Etiquette: Nepal
http://business-etiquettes24.blogspot.com/2011/12/nepal-business-etiquette.html
Nepal has over 72 Ethnic Groups and over 100 spoken languages are found in the country. As the country’s groups of people are so diverse, each group follow their own customs
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Nepali Culture, Customs and Etiquette
https://nepaliaustralian.com/2011/11/21/nepali-culture-customs-and-etiquette/
Dos and don’ts of etiquette in Nepal
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Nepal – Climate
http://countrystudies.us/nepal/25.htm
Nepal has a great deal of variation in climate. Its latitude is about the same as that of Florida, and a tropical and subtropical climate exists in the Tarai Region.
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Nepal Weather – Nepal, Asia Forecast
https://www.tripadvisor.com/Travel-g293889-s208/Nepal:Weather.And.When.To.Go.html
The weather and climate in Nepal play a large part in affecting when visitors come to Nepal and it is useful to understand the seasonal variations so that visitors can choose to visit at the optimum time for the activites they wish to do.
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Nepal travel advice – GOVUK
https://www.gov.uk/foreign-travel-advice/nepal/safety-and-security
Latest travel advice for Nepal including safety and security, entry requirements, travel warnings and health
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Nepal: Is Nepal safe ?
https://www.tripadvisor.com/Travel-g293889-c134555/Nepal:Is.Nepal.Safe.html
Before you visit Nepal, visit TripAdvisor for the latest info and advice, written for travelers by travelers.
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Nepal Education System
http://www.classbase.com/Countries/Nepal/Education-System
Nepal has ambitious plans in place to turn education around by 2015 and ensure that every Nepalese child has an equal chance.
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Education System in Nepal
http://www.educatenepal.com/education_system/display/education-system-in-nepal
Education in Nepal from the primary school to the university level has been modeled from the very inception on the Indian system
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Nepal Public Holidays 2016
http://holidayyear.com/holidays/Nepal
Nepal holidays 2016, bank holidays, national holidays, officialholiday calendar, religious festivals and celebrations for the year 2016
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Nepal public holidays – Lonely Planet
https://www.lonelyplanet.com/nepal/public-holidays
Quick reference guide to public holidays dates in Nepal
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Demographics of Nepal
http://www.nepal.com/demographics/
There are a number of different ethnic groups in Nepal, the largest is the Chhettri tribe; following them is the Brahman-Hill, Magar, Tharu, Tamang, Newar, Kami and Yadav.
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CIA – The World Factbook: Nepal
https://www.cia.gov/library/publications/the-world-factbook/geos/np.html
See “People and Society” on this site
Trade
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Nepal Customs Regulations
https://nepal.visahq.com/customs/
Nepal Customs regulations and procedures for importing and exporting goods at border.
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Department of Customs, Nepal
https://nepal.visahq.com/customs/
FAQs addressed by the Nepal customs office
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WTO | Nepal – Member information
https://www.wto.org/english/thewto_e/countries_e/nepal_e.htm
This site provides key information on Nepal’s participation in the WTO. Nepal has been a member of WTO since 23 April 2004.
Housing and Rentals
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Kathmandu, Nepal Hotels
http://www.travelweekly.com/Hotels/Kathmandu-Nepal
A guide to a range of hotel accommodations in Kathmandu
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Himalaya Apartment Hotel
https://www.tripadvisor.com/Hotel_Review-g293890-d2008584-Reviews-Himalaya_Apartment_Hotel-Kathmandu_Kathmandu_Valley_Bagmati_Zone_Central_Region.html
See 8 traveler reviews, 10 candid photos, and great deals for Himalaya Apartment Hotel
Travel
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Nepal: 20 Important Tips for Nepal Travelers
https://www.tripadvisor.com/Travel-g293889-c182318/Nepal:20.Important.Tips.For.Nepal.Travelers.html
Before you visit Nepal, visit TripAdvisor for the latest info and advice, written for travelers by travelers
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Nepal Travel: Your Nepali Guide for Things to Do
http://www.nepal.com/
A visitors guide to destinations and experiences in Nepal.
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