How to Register a Real Estate Company in Nepal

The real estate industry in Nepal is booming. This creates a great opportunity for entrepreneurs to dive into this sector. To set up a successful real estate business, you must understand the legal and operational aspects.

This article will guide you through the steps of registering a real estate company in Nepal. It will ensure a smooth and lawful establishment.

Required Documents

Get ready to register your real estate company by preparing the required documentation. Here’s what you need:

• Memorandum of Association (MOA) and Articles of Association (AOA).
• Identification and address proof of shareholders/directors.
• Passport-sized photos of shareholders/directors.
• Proof of company’s registered office address (Rent agreement or land ownership certificate).
• Co-authorization letter for company registration (if the application is being submitted by a third party).

A Step-by-Step Guide to Registering Your Real Estate Company

Follow these simple steps to register your real estate company in Nepal:

Step 1: Name Reservation

Choose a unique and meaningful name for your real estate company. Submit the proposed name to the Company Registrar’s Office for approval. Ensure the name complies with legal guidelines and is not already in use.

Step 2: Memorandum of Association (MOA) and Articles of Association (AOA)

Prepare the MOA and AOA. Outline the company’s objectives, capital structure, and internal regulations. Ensure the documents are in compliance with the Companies Act of Nepal.

Step 3: Company Registration Application

Get the application form for company registration. Fill out the form with accurate information, including the company’s details and directorship. Attach the MOA, AOA, and other required documents.

Step 4: Submission to the Company Registrar’s Office

Submit the completed application form and the required documents to the Company Registrar’s Office. Pay the applicable registration fee.

Step 5: Verification and Approval

The Company Registrar’s Office will review the application and documents. If everything is in order, they will approve the registration. Then, they will issue the Registration Certificate.

Step 6: Tax Registration

Get a Permanent Account Number (PAN) from the Inland Revenue Department. If your company meets the threshold, register for Value Added Tax (VAT).

Step 7: Make a Company Stamp

Design a company stamp with dimensions 38mm x 38mm. Include your real estate company name and registration number for clarity.

Step 8: Open a Bank Account

Open a company bank account under your real estate company’s name. Use the company registration and PAN certificate. Make sure to follow the guidelines provided by Nepal Rastra Bank for compliance.

After finishing all the needed paperwork and getting the required licenses, you’re ready to start operating your real estate company in Nepal.

Note: It’s advisable to seek guidance from legal experts or a professional company registration agency. This will ensure you’ve completed all the necessary steps to register a real estate company in Nepal.