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Nepal (128) > Economic and social policy (13)

Name: Foreign Investment and Transfer of Technology Act, 2049 (1992) (No. 34 of 2049)
Country: Nepal
Subject(s): Economic and social policy
Type of legislation: Law, Act
Adopted on: 1992-07-27
Entry into force:
Published on: Recent Laws of Nepal, 1992-11, Vol. 4, No. 6, pp. 1-2 (INFORM - P60518)
ISN: NPL-1992-L-34738
Bibliography: Recent Laws of Nepal, 1992-11, Vol. 4, No. 6, pp. 1-2 (INFORM - P60518)
Unofficial English Translation Unofficial English Translation Nepal Democracy, Friedrich-Ebert-Stiftung, Nepal Offlice, www.nepaldemocracy.org, Nepal PDF of Law in English PDF of Law in English (DOC.NORMES) (consulted on 2011-08-11)
Abstract/Citation: Provides that foreigners who seek to invest in Nepalese industries or transfer technology obtain permission to do so from the Department of Industries, sets an income tax rate applicable to them, and establishes the amount of foreign currency that they may repatriate. Any disputes between foreign investors and industries concerned are to be settled through mutual discussion in the presence of the Department.
Amending text(s):

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