From the lead expert
I realized the need of developing a resource portal for foreign investors and expats quite some time ago. This was after my interactions with accounting firms and businesses outside Nepal who struggled getting up-to-date and accurate information about Nepalese market and regulatory framework here. I used to get enquiries from Big 4 and mid tier accounting firms mainly from India and China who needed basic tax and FDI related information for their bidding in Nepal. I understand it’s a struggle for them mainly because our government websites aren’t up-to-date, information are scattered, hard to search and are not in English language. This portal has been developed to address that information gap. I also remember interactions with European businesses who communicated with multiple accounting firms in Nepal to understand WHT and PE requirements and was getting different answers. Now in scenario such as that, the resources in this portal can be your basis to understand advise you receive from your lawyer or accountant in Nepal, or even to cross-verify recommendation you receive.
Many questions are drawn from our past advisory experience with clients, primarily what information they look for. This portal is a start, and we will gradually expand our coverage of information we have here, analysis and case studies. Our subscribers will receive fortnightly newsletter with updates in the portal and new resources will be added, all in English language. You will also be able to interact with us through comment section in the posts or connect with us in facebook, twitter and linked-in accounts.
Though this whole idea was driven with my effort, I am glad that we now have a team of experts to support in this initiative who will make sure that the website remains up-to-date and we provide you most accurate information on doing business in Nepal.
Best regards, Dev
25 April 2024
Umesh Raj Pandeya, FCA
Umesh is a Fellow Chartered Accountant member of ICAN and a licensed audit practitioner. He is well known for his income tax and indirect tax books for professionals and works as resource person for tax trainings and classes.
Umesh worked together with Dev in Baker Tilly Nepal for around six years, often as part of same team in large assignments and share strong professional bonding. While in Baker Tilly, in his role as partner, he served clients in different industries, including international clients and international not-for-profit working in Nepal. He also served as Resource Person for Accounting Training under GiZ-RAS Project to Income Tax Officers of Nepal and ICAN. Currently, Umesh leads a three partner accounting practice in Kathmandu providing audit, accounting and taxation services to local and international clients with a team of around thirty personnel.
Rameshwor Neupane
Rameshwor is a partner and a litigant lawyer at Himalayan Lawyers and has a decade of experience in practicing law since 2011. He possesses a Master’s Degree in Business & International Trade Laws, and has honed his expertise in writing legal opinions, drafting legal petitions, and providing legal advice on commercial law and policy reviews. He also has instrumental experience in the immigration and labor laws of Nepal including entity registration in Nepal. With a keen interest in juvenile justice, Rameshwor has also served as a Legal Officer for Bal Sudhar Griha (Child Correction Home), handling numerous cases involving juvenile delinquents in Nepal.
Saroj Krishna Ghimire, LLM
Saroj is an Advocate and practices law at Supreme Court of Nepal and an Asst. Prof. of Law at Tribhuvan University. Saroj holds dual LL.M from United Kingdom with Graduate Merit Award 2007 and 2008 and India and has specialised in Investment Law and Constitutional Law. He has also experience of being teaching faculty for management colleges at London and worked as Foreign Counsel on Nepalese legal matters in an English Law Firm at London 2008.
Saroj was a consultant for Baker Tilly Nepal team for legal advisory services from around 2010 and together with Dev organized immigration and expat tax workshops for expatriates working in Nepal.
He has instrumental experience in litigation at all levels of court including arbitration and has advised fortune 500 companies. He has been advising in complex legal matters to high profile clients in the matters relating to investment law, M&A, information technology, corporate financing and leasing, financial closure, infrastructure and real estates, aviation, hydroelectricity projects, conducting legal due diligence, contractual matters, technology transfer, securities and guarantee. He has conducted legal due diligence for the biggest acquisition of telecom company in Nepal ( Ncell) by Axiata. He has also conducted due diligence of Hydroelectricity project, civil aviation, and for the offshore acquisition of IT company and provides services to the international law firms as local counsel.
He also advises various Ministries of Government of Nepal, Government projects, MNCs, supra national bodies Diplomatic Missions, INGOS, UN Agencies and International Charitable organisations etc. on foreign investment, PPP, Financial and taxation matters and legislative drafting’s.
