INVESTMENT SUMMIT NEPAL 2019
Government of Nepal is organizing Investment Summit in Kathmandu, Nepal from 29-30 March 2019.
It is very appropriate time to investment in Nepal. Take benefit of time, situation and opportunities!!
WHY TO INVEST IN NEPAL?
Strategic location and geographic advantages
• Strategically located between two large and rapidly growing economies – China and India – with easy access to markets of more than 2.7 billion people • The topography and abundant water resources give rise to vast untapped hydropower potential • Contains the Himalayas, which is the highest mountain range on Earth, with 8 of the world’s 10 highest peaks, combined with unique cultural heritage, creating potential for tourism • Incredibly rich biodiversity, creating potential in agriculture and medicinal and aromatic plant research
• Duty free and open border access to India • Zero tariff entry facility for over 8000 products to China • Enjoys various duty and tax free arrangements in the region as a Member of SAARC, and BIMSTEC Free Trade Agreement • Member of MIGA of the World Bank Group • Member of WTO • Duty free, quota free market access to European Union under EBA arrangements • Duty free US market access for 77 items which also include garment products for 10 years (starting from 2016)
In 2015, the country adopted a new constitution that embraces Nepal as multiparty democratic federal republic with the private sector-led liberal economy. The government is committed to the promotion of foreign investment, has enacted and amended various investment related and sector specific laws to provide a unique opportunity for FDI in Nepal. Although Nepal is currently classified as a LDC by the United Nations, its goal is to transition to a middle income country by 2030.
EASE OF DOING BUSINESS
• Ranked 3rd after Indian and Bhutan among South Asian countries in the ‘Ease of Doing Business Report 2018’ by the World Bank Group • Foreign investors are allowed 100% ownership of a company in almost all sectors • Repatriation of capital and profits to the investor’s home country is allowed • Importance of the private sector recognized by the Constitution of Nepal (2015) • Arbitration and dispute resolution by independent judiciary. • Various bilateral investment protection and double tax avoidance arrangements are in place and such agreements are expected to increase significantly in the year ahead – BIPPA signed with Finland, India, Germany, Mauritius, United Kingdom, and France – DTAA signed with Austria, China, India, Korea, Mauritius, Norway, Pakistan, Qatar, Sri Lanka and Thailand
Large pool of capable workers
• 57.87% of Nepal’s population represents working age group (15-59 years) • Relatively low cost of labour; minimum monthly wage (except for tea enterprises) being NPR 13,450 (approx. USD 122) as of July 2018 • Large English speaking population, especially in the major cities including the capital, Kathmandu • High participation of women in the workforce
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