Section 10A: Regulation of Investment Abroad

¹1) Notwithstanding anything contained in the prevailing law, the following companies or establishments established in Nepal shall be allowed to invest abroad:

(a) Industries exempted from investment abroad in the notification pursuant to Sub-section (2) of Section 3 of the Foreign Investment Prohibition Act, 2021,

(b) Industries classified as information technology industries pursuant to the prevailing law relating to industrial businesses,

(c) Amount of foreign currency received by a foreign investor pursuant to sub-section (2) of Section 7A of the Foreign Investment and Technology Transfer Act, 2075.

2) Under the employee share sale scheme operated or implemented by the foreign parent company of a company established in Nepal or any other subsidiary company of such parent company abroad, applicable to Nepali citizen employees residing in Nepal, such employees shall be allowed to acquire shares without remittance of convertible currency outside Nepal and earn income from such shares.

3) The conditions to be followed by a company or institution investing abroad, the sectoral maximum limit of such investment and other related provisions shall be as determined by the Nepal Rastra Bank by publishing a public notice.

^{1 Amended by the Act to Amend Certain Nepal Acts Relating to Economic and Business Environment Improvement and Investment Promotion, 2081.}