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Reform Agendas for the upcoming Pre-Budget Discussion

The government of Nepal must introduce the following reform agendas in the upcoming pre-budget discussion to achieve the desired economic growth:

Cross-cutting

Starting a Business:

  • Devolve business registration functions to local levels and a functioning one-window for registration
  • Develop a universal database and use compatible softwares at different government institutions to enable real-time inter-department coordination
  • Allowing incorporation of a one-man company based on a one-page AoA; building a model document for more-than-one-man private companies; and allowing nominating agents to handle the entire incorporation process in case of a public company.
  • Make a legal provision to complete industry registration within 36 hours and complete company incorporation within seven days of having filed application

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Ankshita Chaudhary

About Ankshita Chaudhary

Ankshita is working as a Research and Communications Assistant at Samriddhi Foundation.

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