Nepal - Licensing Requirements for Professional ServicesNepal - Licensing Requirements
The FITTA 2019, which largely regulates inward foreign investment in Nepal, defines the acquisition of any foreign technical, consultancy, management, or marketing service as technology transfer. Any foreign individual, firm, company, or corporate body involved in foreign investment or technology transfer, including foreign governments or international agencies, is allowed to acquire such services. A person desiring to derive benefit from the foreign investment or technology transfer must apply to the Department of Industry for permission, although certain professional services and industrial sectors are off limits to foreign investment. Under FITTA 2019, foreign direct investment is not permitted in such professional services as personal service businesses, tailoring, driver training, motion pictures in national languages, media, and engineering and legal consultancy services.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.