Project

Nepal investment summit 2024

Nepal investment summit 2024

19 Apr, 2024

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Third Nepal Investment Summit (NIS) 2024, organized by the Government of Nepal (GoN), scheduled to take place on April 28-29, 2024, in Kathmandu.

The NIS 2024 aims to fortify Nepal’s standing as a highly promising investment destination by convening distinguished national and international speakers, dignitaries, sector-specific experts, and high-level representatives from the government, private sector, and development partners.

The GoN is collaborating closely with development partners, DFIs, and the private sector to organize the Summit. Significant efforts have been made to create an investment-friendly environment, including amendments/enactments of relevant laws and streamlined procedures to enhance ease of doing business.

To bridge resources and technology gaps for Nepal’s economic development, the government is resolute in augmenting foreign investment commitments and inflows.

NRNA Australia, in collaboration with the Embassy of Nepal Canberra, is reaching out to Australian prospective investors. Last month, we jointly organized an "Investment promotion program in Sydney in the context of Nepal Investment Summit 2024." You can find copies of the presentations here:

Registration for the Nepal Investment Summit 2024 is now open. You can register using the following link:

https://forms.office.com/pages/responsepage.aspx?id=NkG5VMer8kyg5zeeaHDbJv9-vMYS-sdKqSRfTLM8ZxBUOFFGRFFFSUFZRlQxRE1SN1FROFdSTlNMUy4u&origin=lprLink

For more details, please visit: https://investinnepal.gov.np

If you have any further inquiries or would like to discuss the Nepal Investment Summit 2024 in more detail, please feel free to reach out to me at president@nrn.org.au.

Alternatively, you can contact Kul Magar, Deputy Chief of Mission, Embassy of Nepal, Canberra, at eoncanberra@mofa.gov.np.

We look forward to your participation and support in making the Third Nepal Investment Summit 2024 a resounding success.


 

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F.A.Q

Frequently asked questions ?

We have shared some of the most frequently asked questions to help you out.

  • Identity of the status of the person as NRN
  • Free Visa to enter and stay in Nepal (for persons having citizenship of countries other than SAARC Countries)
  • Right to open a bank account in convertible foreign currency
  • Eligibility to make investment in convertible foreign currency
  • Provision to repatriate proceeds of the investment out of Nepal in convertible Foreign currency if investment made in the same currency
  • Purchase and sale of land (area as referred in NRNA bylaws) to limited extent Inheritance of ancestral property and ownership of that property in Nepal
  • Tax Exemption on initial capital of investment
  • Certificate of Investment Tax Exemption on upto NPR15 Lakhs remittance to close relatives of NRN in one fiscal year for personal expenses
  • Tax exemption on the remitted funds via formal banking channel for the Social, Political, Cultural, Religious, Charity, Sports and Disaster Relief Projects
  • Rights to establish Industry and Business and enjoy investment facilities as enjoyed by Foreigners

The NRN card is issued by the Ministry of Foreign Affairs in Kathmandu(+977014200182). Outside of Nepal, the NRN cards are issued by the Nepali Embassies and Missions.

NRN Card is an identity card issued to a Non-Resident Nepali by the Government of Nepal. NRNcard entitles card holder various benefits as listed in the NRN Act and bylaws. It is issued to those who approach the concerned government body.

The date of inauguration of the First NRN Global Conference, i e., 11th October 2003 is considered to be the establishment date of NRNA. 11th October is also declared as NRN day by Nepal Government. The formal registration of NRNA by the Government of Nepal was on 20 October 2013.

The date of inauguration of the First NRN Global Conference, i e., 11th October 2003 is considered to be the establishment date of NRNA. 11th October is also declared as NRN day by Nepal Government. The formal registration of NRNA by the Government of Nepal was on 20 October 2013.

The idea of establishing a global Nepali organization (NRNA) was conceptualized by Nepalese living in Russia in 2002, later to globalize and materialize the idea, a few Nepali community leaders residing in various countries of the world met in London, in 2003 and decided to form a Coordination Committee to unite the Nepali diaspora. They also discussed the possibility of organising an international conference of NRNs in Nepal. The idea quickly got the support of the Government of Nepal and the Federation of Nepalese Chambers of Commerce and Industry (FNCCI). This led to the joint organisation of First Non-Resident Nepali Conference on 11-14 October 2003. The assembled NRN delegates of that conference decided to join their hands together to organise NRNA as a common forum of NRNs.

Anil Pokhrel is current president of NRNA Australia.

Mana KC 2005 -2007

Goba Katwal 2007 -2009                                             

Dhruba Subedi 2009- 2011

Ganesh KC 2011 – 2013

Mahendra Oli 2013 -2015

Surendra Sigdel 2015 -2017

Tonnou Ghothane 2017 -2019

Keshav Kadel 2019 -2021

Nanda Gurung 2021 -2023

Anil Pokhrel – 2023 -2025

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