This article will help you all with the legal procedure for obtaining a business visa in Nepal.
A business visa is the travel permission issued by a national government. It is essential for foreign business travelers who are willing to visit other countries to explore commercial chances for advancement, attend events, or collaborate with local businesses. Most business visas permit travelers to enter the country they want to go to, stay for a short period of time, and conduct activities and transactions while visiting.
Immigration Act, 1992, Immigration Rules, 1994, and Foreign Investment and Technology Transfer Act, 2019 are the laws that govern the business visa in Nepal. The Department of Immigration(DOI) is the authority to regulate business visas in Nepal.
Procedure for Obtaining a Business Visa in Nepal
- Receive the recommendation letter from the DOI.
- After proper investigation, the DOI will provide the business visa after the recommendation letter.
Documents Required
In the procedure for obtaining a business visa in Nepal, the following documents are required:
- Online application
- Recommendation letter from the Department of Industry or a related line agency of government
- BioData (only for first-time applicants)
- Foreign Investment Acceptance letter from the Department of Industry.
- Copy of Company Registration Certificate
- Copy of PAN/VAT certificate
- Copy of Share certificate
- Copy of Industry Registration Certificate
- Copy of Passport and latest visa
- Latest tax clearance (for regular visa)
- Industry Monitoring and Supervision Report
- Progress report of the company or industry (for renewal)
Fee for Business Visa Processing
Business Visa Processing fee differs depending on the amount of investment made.
- Investors who are investing less than 10 million (NRS) – USD 35/month, USD400/year, USD 1000 for five years
- Investors who are investing more than 10 million (NRS) – USD 20/month, USD 200/year, USD 500 for five years
- Investors who are investing more than 100 million (NRS) – No Charges
Eligibility for Obtaining a Business visa in Nepal
The following people are eligible to obtain a business visa in Nepal:
a) Foreigners who have obtained permission to make any investment in any trade or industry in Nepal or a permitted representative of such trade.
b) Foreigners who have obtained permission to invest in carrying on export trade from Nepal.
c) Foreigners who come to Nepal from third countries and who buy and export goods manufactured in Nepal or make a purchase order for exports.
For Answers and Questions
How much time is required to receive a business visa in Nepal?
Commonly, it may take about 3 to 4 weeks at the DOI or the concerned line agency to obtain the recommendation letter, and may need about 5 working days to receive the business visa from the Immigration Department.
Who is eligible to receive a business visa?
The following people are eligible to obtain a business visa in Nepal:
a) Foreigners who have obtained permission to make any investment in any trade or industry in Nepal or a permitted representative of such trade.
b) Foreigners who have obtained permission to invest in carrying on export trade from Nepal.
c) Foreigners who come to Nepal from third countries and who buy and export goods manufactured in Nepal or make a purchase order for exports.
What if a Business Visa applicant has invested more than 10 million (NRS)?
If a Business Visa applicant has invested more than 10 million (NRS), ‘Share Details’ is mandatory along with other required documents for visa processing.
Conclusion
To obtain a business visa, the procedure for obtaining a business visa in Nepal should be followed strictly. A business visa is important as it increases knowledge and leads to new commercial ideas. So in this era of globalization, foreign countries encourage business travelers, which helps to flourish the business globally.
