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Trading Business Registration in Nepal

Table of Contents

Trading business registration process in Nepal typically involves the following steps:

  • Choose a business name and ensure it is available for registration at OCR or DOC (we will talk about the differences later).
  • Obtain any necessary licences or permits specific to the type of goods or services being traded from relevant departments.
  • Register the business with the appropriate government agency, such as the Department of Commerce and Supply Management (बाणिज्य आपूर्ति तथा उपभोक्ता संरक्षण विभाग​) or Office of The Company Registrar (कम्पनी रजिष्ट्रारको कार्यालय).
  • Obtain any necessary tax identification numbers or register for taxes with the relevant tax authorities.
  • Set up a business bank account.
  • Comply with any additional regulations or requirements specific to the industry or location of the business.
  • Obtain EXIM code from the Department of Customs (भन्सार विभाग) if you are planning to Import/Export goods.

How and where shall I register my Trading Business in Nepal?

Selecting a right business structure is one of the most important decisions you will have to make while starting a business. So, we advise you to talk to experts before deciding what structure to choose. For a general reference, here are a few suggested models for trading business registration in Nepal.

  • For small businesses (Capital less than 5 lakhs):  You can register at Ward office and tax office.
  • Businesses that only do trading: You can register at Department of Commerce (as proprietor or partnership firm) and tax office
  • Businesses that have various objectives: Register at OCR, DOC and tax office.
  • Businesses that import/export goods frequently: Register at OCR, DOC and Department of Customs and obtain an EXIM code.

Please keep in mind that for trading certain goods, you might be required to obtain a permission from relevant licensing authority before registering at DOC or OCR. Some examples are:

  • Trading Mobile Phones in Nepal: Permission required from Department of Information.
  • Trading Gold: Permission form NRB
  • Trading Medicines: Permission from Department of Drug Administration

Few tips for trading businesses

  • Conduct thorough market research: Understand your target market, including their needs, preferences, and spending habits. Identify your competitors and learn from their strengths and weaknesses.
  • Develop a business plan: A solid business plan will help you define your trading business goals and strategies, and secure funding if needed.
  • Secure funding: Consider different options for funding such as personal savings, loans, or investors.
  • Choose a niche: Specializing in a specific product or service can help you stand out in a crowded market. There are a lot of traders in Nepal so to withstand the fierce competition, picking a niche wisely will make your business succeed faster.
  • Build a reliable supply chain: Develop relationships with suppliers and ensure that they can consistently provide the products you require at competitive prices.
  • Establish a strong online presence: Create a website and social media accounts to promote your business and connect with customers. You can consider creating B2B ecommerce platform for selling your products to other businesses.
  • Comply with legal and regulatory requirements: Understand and comply with all laws and regulations specific to your business and industry.
  • Be prepared for challenges: Starting a trading business in Nepal can be challenging, so be prepared for setbacks and learn from them.
  • Be patient and persistent: Building a successful business takes time and effort. It is necessary to be patient and persistent in your efforts to grow and improve your trading business.
  • Continuously monitor and analyse your business performance: Keep track of your business performance by monitoring key indicators such as sales, profit, and customer satisfaction. Use the data to make informed decisions and adjust your strategy if needed.

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