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Nepal
Nepal Geography, Politics, and Culture
Nepal is a landlocked country bordered by China to the north, and India to the south and west. It has a population of 26 million and has a volatile political climate, especially in the Tarai region due to the exploitation of its people who are mostly laborers. This has led to political tension with many organized political struggles by the Communist Party of Nepal. Nepal’s culture is unique because it is rooted in Hinduism. The Nepalese do not eat beef because they consider the cow to be sacred. Half of the country’s population speaks Nepalese while the rest speak other native languages. The main religion is Hinduism which is practiced by 80% of the population. Tourism is also a core part of the nation’s economy, attracting many visitors and climbers to its spectacular mountainous landscapes that are a part of the Himalayan range, and of course, Mount Everest.
| 2021 | |
| April 14 | Nepali New Year |
| May 26 | Buddha Jayanti |
| September 19 | Constitution Day |
- Private Limited Company
- Public Limited Company
- Branch
- Corporate Tax: 30% (higher rate for financial companies) / 25% (standard rate) / 20% (reduced rate for manufacturing companies) (+ 5% on profit distribution + 10% mandatory bonus to employees)
- Income Tax (Lowest Marginal Rate): 0% + 1% social security tax
- Income Tax (Highest Marginal Rate): 36% (Including 20% additional tax)
- VAT/GST/Sales Tax: 13% (standard rate), 288% (for imported vehicles)
- Agriculture Development Bank Limited (Commercial Bank)
- Bank of Kathmandu Limited (Commercial Bank)
- Century Bank Limited (Commercial Bank)
- Citizens Bank International Limited (Commercial Bank)
- Civil Bank Limited (in merger process with Int’l Leasing & Fin, Co. Ltd.) (Commercial Bank)
- Everest Bank Limited (Commercial Bank)
- Global IME Bank Limited (Commercial Bank)
- Himalayan Bank Limited (Commercial Bank)
- Janata Bank Nepal Limited (Commercial Bank)
- Laxmi Bank Limited (Commercial Bank)
- Machhapuchchhre Bank Limited (Commercial Bank)
- Mega Bank Nepal Limited (Commercial Bank)
- Nabil Bank Limited (Commercial Bank)
- NCC Bank (Commercial Bank)
- Kumari Bank Limited (in merger process with NCC Bank) (Commercial Bank)
- Nepal Credit and Commerce Bank Limited (in merger process with Kumari Bank) (Commercial Bank)
- Nepal Bangladesh Bank Limited (Commercial Bank)
- Nepal Bank Limited (Commercial Bank)
- Nepal Investment Bank Limited (Commercial Bank)
- Nepal SBI Bank Limited (Commercial Bank)
- NIC Asia Bank Limited (Commercial Bank)
- NMB Bank Nepal Limited (Commercial Bank)
- Prabhu Bank Limited (Commercial Bank)
- Prime Commercial Bank Limited (Commercial Bank)
- Rastriya Banijya Bank Limited (Commercial Bank)
- Sanima Bank Limited (Commercial Bank)
- Siddhartha Bank Limited (Commercial Bank)
- Standard Chartered Bank Nepal Limited (Commercial Bank)
- Sunrise Bank Limited (Commercial Bank)
- Agriculture Development Bank (State Bank)
- Nepal Bank Limited (State Bank)
- Rastriya Banijya Bank (State Bank)
- Nepal SBI Bank (Foreign Bank)
- Standard Chartered Bank (Foreign Bank)
Aadmi can support you with your expansion to Nepal. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.
