Can I register a company and conduct no Business? Is it compulsory for a company to have a bank account?

[Scenerio] We are a group of software developers (there are Nepali citizens in the team too). In order to publish apps in the Apple Store, Play store and similar platforms, we need to have some legal entity. So we would like to register in Nepal a private limited company (IT  Firm). The company is needed … Read more

eCommerce business in Nepal, is it worth it?

What is eCommerce? Simpy, eCommerce means commercial transactions conducted electronically on the Internet. This means buying and selling things over the internet and carrying the transactions for those sales and purchase over the internet as well. eCommerce simply means doings purchase or sastuffs over the internet. What is the current scenario of eCommerce business in … Read more

The only Billionaire of Nepal; Binod Chaudhary down by 162 positions in the Forbes Billionaires list 2016

Update: Binod Chaudhary Net worth: 1.40 billion USD 2020 (Forbes) He sits at 1513 on the Forbes Billionaires list 2020. (as of 6/28/20) Binod Chaudhary controls CG Corp Global and is Nepal’s sole billionaire. His biggest assets are a controlling stake in Nepal’s Nabil Bank and CG Foods, maker of the popular Wai Wai noodles. … Read more