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Started 10 hours ago · Updated 10 hours ago

Nepal Unveils 'Investment Express' and Labor Pacts to Boost FDI

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The Nepali government has announced plans to launch an "Investment Express" system and sign new labor agreements with other countries to attract foreign investment and streamline business procedures. Finance Minister Dr. Swarnim Wagle presented these initiatives as part of the federal budget, which also includes mandatory skill-based training for Nepali workers going abroad.

  • A unified single-window system integrating company registration, tax, labor, and visa services will be operationalized within three months.
  • Projects approved by the Investment Board Nepal will no longer require separate approvals from other government agencies.
  • The national flag carrier, Nepal Airlines Corporation, will be corporatized, and the Nepal Electricity Authority will be split into three independent entities.
  • A new Limited Liability Partnership law will be drafted to facilitate angel investment in private equity and venture capital funds.
  • A lottery system will be introduced for remittance senders.

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