What Happens After Company Registration?
A comprehensive guide to all the legal, regulatory, and operational requirements you must complete after registering your company in Nepal
Start Your JourneyYou’re Registered. Now What?
Company registration is just the beginning. Many businesses hand over documents after registration and leave you to figure out the next steps—which can be confusing and risky.
As a newly registered company, you have legal and regulatory obligations that must be fulfilled. Ignoring these can result in penalties, fines, and operational disruptions.
That’s why BizSewa doesn’t just register your company—we guide you through every step that comes after. We’re your “One-Stop Business Solution,” ensuring your business stays compliant and thrives from day one.
Your Post-Registration Checklist
Follow these essential steps in order to ensure your business is legally compliant and operationally ready
Registration with Tax Authorities (PAN)
Obtain your Permanent Account Number (PAN) from the Inland Revenue Department. This is your company’s tax identity. Required documents include registration certificate, MOA, AOA, company stamp, board minutes, citizenship copies, and more.
Open a Bank Account
Open a business bank account immediately. This separates business and personal finances, provides transparency, and helps track cash flow. You can set up multiple signatories with conditional access based on transaction amounts.
Submit Details to OCR
Within 15 days: Submit auditor appointment details. Within 3 months: Submit registered office address, share allotment details, shareholder income sources, and auditor appointment with fees.
Obtain Share Certificates
Once shareholders deposit their promised amount, obtain authorized share certificates from OCR. Submit bank statements as proof of deposit. Non-compliance results in fines from OCR.
Obtain Industry-Specific Licenses
Certain businesses require additional licenses. Tourism companies need tour licenses, construction firms need licenses to bid, liquor sellers need excise registration, online shops need industry registration, and so on.
Design Recording Materials
Design and print invoices, receipts, vouchers, and ledgers in required formats. If VAT registered, create and get authorized sales/purchase registers from IRD before any transaction.
Register at Ward Office
Register your company at your local ward office. Some IRD offices now require this before accepting IRD registration applications. Carry all registration documents and landlord’s tax payment proof.
Set Up Accounting System
Implement a robust accounting system from day one. This ensures compliance with government requirements, accurate tax calculation, and proper financial tracking. Poor accounting leads to penalties and audit issues.
Design Logo & Branding
Create your company logo, business cards, letterheads, and brand guidelines. Strong branding sets you apart from competitors and builds customer trust from the start.
Protect Your Brand (IP)
Apply for trademark registration to protect your company name and product logos. If you have unique technology or processes, consider patent registration. This safeguards your intellectual property.
Build Digital Presence
Create a website and social media accounts. In today’s digital age, an online presence is essential—even if you don’t sell online. Customers expect to find you digitally. You can start free or hire professionals.
⚠️ Critical: What You MUST Display at Your Office
📅 Ongoing Yearly Obligations
Frequently Asked Questions
Common questions about post-registration requirements and timelines
How long do I have to complete these steps after registration?
The timeline varies. Some steps must be completed within 1-2 weeks (like PAN registration and bank account opening), while others have 15 days (auditor appointment) or 3 months (OCR submissions). It’s best to start immediately after registration to avoid penalties and ensure smooth operations.
What happens if I don’t obtain a PAN certificate?
You cannot legally operate your business without a PAN (Permanent Account Number). All businesses must have a PAN to conduct transactions, pay taxes, and maintain regulatory compliance. Without it, you risk penalties, fines, and legal action from the Inland Revenue Department.
Do I need to register at VAT immediately?
VAT registration is mandatory if your annual turnover exceeds NPR 50 lakh for goods or NPR 20 lakh for services. Additionally, certain industries (like liquor, pharmaceuticals) require VAT registration regardless of turnover. Check if your business falls into a compulsory VAT category before starting operations.
Can I use cash for all my business transactions?
We recommend conducting all transactions through your business bank account to maintain financial transparency and discipline. While petty cash expenses are acceptable, major transactions should be documented in your bank account. This protects you during audits and tax scrutiny, and provides clear evidence of transactions.
What’s the penalty if I don’t obtain share certificates on time?
OCR charges a fine for late share certificate issuance. The amount depends on how late the submission is. It’s important to collect share capital from shareholders promptly and submit the bank statements along with share certificate applications to OCR within the stipulated timeline.
Do I need multiple signatories on my bank account?
It’s highly recommended to have at least 2 signatories for better financial control and transparency. You can set condition-based access—for example, cheques above Rs 1,00,000 require 2 signatures. You can also appoint signatories who are not shareholders, and customize their access permissions.
What documents must I display at my office?
You must display: (1) PAN Certificate (framed, color photocopy), (2) Company Registration Certificate (framed), and (3) PAN/VAT Nameplate (printed and displayed within 7 days). These should be visible in your office reception area for public view. Failure to display can result in notices from tax authorities.
How often do I need to submit financial statements?
Every year, before Ashoj End (September/October), you must submit audited financial statements to the Inland Revenue Department. Additionally, before Poush End (December/January), you must submit the audit report and Annual General Meeting (AGM) minutes to OCR. Non-compliance can result in penalties.
Can I start my business before completing all these steps?
It’s not advisable. While you technically can start after PAN registration, starting without completing other steps (bank account, recording materials authorization, etc.) puts you at legal and operational risk. You may face tax scrutiny, penalties, or operational issues. We recommend completing all mandatory steps before your first transaction.
What if I don’t understand which documents I need?
Don’t guess or make mistakes—get professional help. BizSewa provides comprehensive post-registration guidance and assistance with all steps. We ensure you have the right documents, file them correctly, and meet all deadlines. This saves you time, prevents costly mistakes, and gives you peace of mind.
Confused? Let’s Talk!
These steps might seem complex, but they’re essential for your business success. If the process feels too complicated, don’t ignore it—get expert guidance. BizSewa handles all post-registration requirements so you can focus on growing your business.
How much I have to pay fine for not renewing Pvt LTD company for 4 yrs?
Can you please call us at 9804495818? We need to know the capital structure, date of registration, and other details to calculate the penalty estimates.
okay
I want to open online business in kathmandu ,Do I need to registration or take license for online business ?
Dear Sir,
I am thinking of opening a trekking and travel company once I return back to Nepal. Which should be on coming Sep/Oct 2022.
Please advise me if your office can help me through out the process and your service charges for the same.
The company will be private and will own by myself only.
Thank you.
Glad to know that you are coming back Nepal to start a business. Please go through article to learn more about travel and trekking registaration process. https://bizsewa.com/how-to-start-travel-agency-and-trekking-business-in-nepal/
What happens if I register a company and don’t do anything? Does it automatically closes after a certain period? If not renewed, do I get blacklisted by the government? Also, what are the procedures to renew a company after many years of non renewal? Please clarify about the company renewal process and consequences if I don’t update and leave it as it is for years.
No, the company won’t get closed automatically. Also, there is no any provision until now to blacklist a dormant company. To renew; you must submit audit report and AGM of every year and process for company update.
Thank you for sharing such a informative article. It is simple and concise. Get to know About the procedure of MOA amendment with the help of CA Divya. we help in understanding the concept of MOA amendment.
Thank you, Divya, for the nice words.
Hello sir
I am thinking about to open an educational Consultancy in Kathmandu.
Could you tell me the entire process( Registrations, License, and …..)
and what documents should be needed?
If share holders are in foreign country, what will be the process?