Chapter-4 Promotion, Facilitation and Regulation of Foreign Investment

Section 23: Services to be Provided Through the Single Stop Service Centre

Estimated reading: 2 minutes 110 views

1) The Government of Nepal may make necessary arrangements so that exemptions, facilities, concessions or services to be provided to the foreign investors in accordance with this Act and other prevailing laws are provided through the Single Stop Service Centre.

2) In managing the services to be provided through the Single Stop Service Centre pursuant to sub-section (1), necessary provision shall be made so that the following services are provided gradually:

(a) Registration and administration of industries,

(b) Approval of foreign investment and loan,

(c) Registration and administration of companies,

(d) Labour permit,

(e) Visa facility,

(f) Testing and control of quality of goods produced by industries,

(g) Approval of environmental study report,

(h) Energy and infrastructure development and necessary coordination for that purpose, as well as a focal point among other bodies,

(i) Exemptions, facilities to which industries are entitled,

(j) Provision of permanent account number,

(k) Foreign exchange approval,

(l) Any service related to such other functions as may be required to be performed for industries in accordance with this Act and the Regulation framed under this Act.

3) It may be so prescribed that the Single Stop Service Centre may provide other services referred to in the prevailing law in addition to the services and facilities to be provided pursuant to this Section.

Share this Law

Section 23: Services to be Provided Through the Single Stop Service Centre

Or copy link

Discover Nepal's laws effortlessly. Our user-friendly platform simplifies legal understanding and accessibility, serving individuals throughout the country.