This Article provides Education Consultancy Registration in Nepal including the requirement, procedure, documentation and timeline for such registration. Prime Law Associates provides the best Company Registration Service in Nepal with 15 Years of experience and the Firm has already registered multiple consultancies.
What is a Education Consultancy?
Education Consultancy Registration in Nepal requires following specific legal procedures established by the Companies Act 2063 and other relevant regulations. The process involves registering the company with the Office of Company Registrar and obtaining necessary licenses from government authorities. Consultancy Registration allows it to operate officially, enter into contracts, open bank accounts, and conduct business activities.
Requirements for Consultancy Registration in Nepal
To register a consultancy in Nepal, certain key requirements must be met:
- Minimum of 1 promoter/shareholder for private company
- Minimum paid-up capital as per type of consultancy
- Association with Two International University
- Memorandum and Articles of Association
- Citizenship documents of promoters
- Relevant academic qualifications and experience of promoters
Process of Consultancy Registration in Nepal
The consultancy registration process in Nepal involves the following:
Step 1: Company Name Reservation
Step 2: Submission of Required Documents
Step 3: Company Registration Certificate
Step 4: Submit an Application to Province Education Ministry
Step 5: Receive Approval from Province Education Ministry
The process typically takes 2-3 months to complete if all requirements are met.
Step 1: Company Name Reservation
The first step is reserving a unique company name with the Office of Company Registrar (OCR). This involves:
- Checking name availability on OCR website
- Selecting 3-4 name options
- Submitting name reservation application to OCR
- Paying name reservation fee
- Receiving name approval letter from OCR
The proposed name should be distinctive and not similar to existing companies. It should also comply with naming guidelines of the Companies Act. The approved name is reserved for 30 days, within which company registration application must be filed.
Step 2: Submission of Required Documents
After name approval, the following documents must be submitted to OCR:
- Company registration application form
- Memorandum of Association
- Articles of Association
- Copy of citizenship certificates of promoters
- Passport-size photos of promoters
- Office rental agreement or ownership proof
- Bank voucher of registration fee payment
All documents should be properly filled, signed and certified as required.
Step 3: Company Registration Certificate
Upon verification of submitted documents, OCR issues the company registration certificate. This involves:
- Document scrutiny by OCR officials
- Payment of registration fee
- Issuance of registration certificate with unique registration number
- Allocation of authorized, issued and paid-up capital
It contains essential details like company name, registration number, date of registration, registered address, and names of directors.
Step 4: Submit an Application to Province Education Ministry
For educational consultancies, application for license must be submitted to the Provincial Ministry of Education. This includes:
- Application letter requesting consultancy license
- Copy of company registration certificate
- Experience certificates in relevant field
- Bank guarantee as specified
Step 5: Receive Approval from Province Education Ministry
After reviewing the application, the Provincial Education Ministry issues the consultancy license. This involves:
- Scrutiny of submitted documents
- Physical verification of office premises (if required)
- Approval by concerned officials
- Payment of license fee
- Issuance of license certificate
The license specifies the approved consultancy services and validity period. It may include certain terms and conditions to be followed.
Also Read: Company Registration Process in Nepal
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Documents Required for Consultancy Registration in Nepal
The key documents required for consultancy registration in Nepal include:
- Company Registration Application Form
- Memorandum of Association
- Articles of Association
- Citizenship certificates of promoters/directors
- Passport-size photographs of promoters/directors
- Bank voucher of registration fee payment
- PAN registration certificate
- Application letter for consultancy license
- Partnership with Two International Universities
The exact requirements may vary based on the type of consultancy. All documents should be properly attested and certified as per regulations.
Cost for registering a Consultancy in Nepal
The costs involved in consultancy registration in Nepal include:
- Company name reservation fee
- Company registration fee
- Consultancy license fee
- Lawyer/consultant fees
- Bank guarantee amount (if applicable)
Additional costs may include notary fees, document attestation charges, etc. The total cost can range from NPR 50,000 to 200,000 depending on the type and scale of consultancy.
Timeline for Consultancy Company Registration in Nepal
The typical timeline for consultancy registration in Nepal is Company Registration, PAN Registration, Local Ward Office Registration, and Consultancy License. The entire process usually takes 2-3 months if all requirements are met promptly.
Consultancy License Service in Nepal
Prime Law Associates has a leading team of 10+ Lawyers providing legal, compliance & licensing services for Companies in Nepal. The Firm assists companies in changing objectives, location & name of the companies along with Company Registration Service in Nepal.
Amit Karna
Amit Karna is a Company Registration Lawyer in Nepal with extensive experience in registering multiple companies in Nepal.
Sukra Subba
Sukra Subba has 10 Years of experience in the Corporate Sector of Nepal & facilitating company registration at the Firm.
Post-Registration Compliance for Consultancy in Nepal
After registration, consultancies in Nepal must comply with ongoing legal requirements:
- Annual returns filing with OCR
- Tax returns filing and payments
- PAN/VAT compliance
- Regular license renewals
- Conducting annual audits
- Holding annual general meetings
- Updating company details with OCR
- Complying with labor laws for employees
Consultancy Company Registration in Nepal: FAQs
How to register a consultancy in Nepal?
Register the company with OCR, obtain necessary licenses from relevant ministries, register for PAN/VAT, open a bank account, and complete municipality registration. Follow all legal requirements and submit accurate documentation throughout the process.
What types of consultancy licenses are available?
Consultancy licenses in Nepal include educational, management, engineering, IT, financial, and legal consultancies. The specific license type depends on the nature of services offered and is issued by the concerned government department or ministry.
Who can apply for a consultancy license?
Nepalese citizens or companies registered in Nepal can apply for consultancy licenses. Applicants must meet educational qualifications, experience requirements, and other criteria specified for the particular type of consultancy license.
How long is the license valid?
Most consultancy licenses in Nepal are valid for 1-5 years, depending on the type. Educational consultancy licenses are typically valid for 5 years. Regular renewal is required to maintain the license validity.
How to get consultancy license approval in Nepal?
Submit application with required documents to the concerned ministry/department. Ensure all eligibility criteria are met. The authority reviews the application, may conduct physical verification, and issues approval if requirements are satisfied.
What are the renewal requirements?
License renewal typically requires submitting renewal application, updated company documents, tax clearance certificates, and renewal fees. Some licenses may need proof of continued professional development or minimum business turnover for renewal.
Conclusion
Registering a consultancy in Nepal involves a structured process requiring careful attention to legal requirements and procedures. Post-registration compliance is equally important for continued legal operation.
Disclaimer: This Article is for informational purposes only and shall not be construed as legal advice, advertisement, personal communication, solicitation, or inducement of any sort from the firm or any of its members. The firm shall not be liable for consequences arising out of any action undertaken by any person relying on the information provided herein.
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