KATHMANDU

The Nepal Rastra Bank will not require approval to bring foreign investment into listed companies. The same applies to institutions approved by the Nepal Stock Exchange to bring in foreign investment.

However, investors will need to provide written information from the authority approving the investment in order to bring in or repatriate foreign currency after receiving investment approval. The same rule applies to the rug industry as per the Industrial Business Act, 2076.

The regulations also mention that the amount repatriated will not be required to return more than the approved foreign investment amount. Therefore, institutions approving foreign investment will also be able to conduct accounting in the form of foreign investment after obtaining foreign investment approval.