Travel & Trekking Company Registration in Nepal requires company registration at Office of Company Registrar, PAN Registration, Local Ward Registration and Travel/Tourism License.
This Articles provides a Step-by-Step Guide for registering a Travel & Trekking Company in Nepal including the requirements, procedure, documents required & costs associated with the registration. Prime Law Associate has 15+ Years of experience in registering Travel & Trekking Company Registration and acts as Legal Advisor to multiple Travel & Trekking Companies in Nepal. The Firm specializes in the Travel & Tourism Sector of Nepal. The Firm can be contacted through:
Requirements for Travel Company Registration in Nepal
Registering a travel and trekking company in Nepal requires meeting several key requirements:
- Company Formation: The business must be registered as a private limited company with the Office of the Company Registrar (OCR).
- Minimum Capital: The company must have a minimum paid-up capital of NPR 2.5 million (approximately USD 21,000). This demonstrates financial capability to operate the business.
- Nepali Citizenship: All company directors and shareholders must be Nepali citizens. Foreign ownership is not permitted for travel and trekking agencies.
- Bank Guarantee: A bank guarantee of NPR 500,000 (approximately USD 4,200) valid for 5 years must be provided to the Department of Tourism.
- Tax Registration: The company must obtain a Permanent Account Number (PAN) and register for Value Added Tax (VAT) with the Inland Revenue Department.
- Tourism License: A tourism license from the Department of Tourism is mandatory to operate as a travel and trekking agency.
- Membership: Registration with relevant tourism associations like the Nepal Association of Tour and Travel Agents (NATTA) and Trekking Agencies’ Association of Nepal (TAAN) is required.
Procedure for Travel Company Registration in Nepal
Step 1: Company Name Reservation and Registration
Step 2: Tax Registration
Step 3: Tourism License Application
Step 4: Association Memberships
Step 5: Additional Registrations and Permits
Step 1: Company Name Reservation and Registration
Choose a unique name for your travel company and verify its availability through the OCR website. Submit an application to reserve the name. Prepare the Memorandum of Association and Articles of Association. File the company registration application with the OCR, along with required documents and fees. Upon approval, obtain the Certificate of Incorporation.
Step 2: Tax Registration
Apply for a Permanent Account Number (PAN) with the Inland Revenue Department. Register for Value Added Tax (VAT) if your annual turnover exceeds NPR 5 million. Obtain the PAN certificate and VAT registration certificate.
Step 3: Tourism License Application
Submit an application to the Department of Tourism for a travel and trekking agency license. Provide all required documents, including company registration certificate, bank guarantee, office rental agreement, and citizenship certificates of directors. Pay the license fee of NPR 25,000. The department will process the application and may conduct an inspection of your office premises.
Step 4: Association Memberships
Apply for membership with the Nepal Association of Tour and Travel Agents (NATTA). Submit required documents and pay the membership fee. Register with the Trekking Agencies’ Association of Nepal (TAAN) if offering trekking services.
Step 5: Additional Registrations and Permits
Register with the Nepal Tourism Board (NTB) to be listed as an official tourism service provider. Obtain any specific permits required for your planned activities, such as trekking permits for restricted areas. Ensure all staff members, especially guides and tour leaders, have necessary certifications and licenses.
Tourism Company Registration Service in Nepal
Prime Law Associates has experienced lawyers and efficient service for registering a tourism Company in Nepal. The Firm has 10+ Lawyers & 20 Team Members for providing legal, registration & approval services 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.
Documents for Travel/Tourism Company Registration
Key documents required for travel company registration include:
- Application form for company registration
- Memorandum of Association and Articles of Association
- Citizenship certificates of all directors and shareholders
- Passport-size photographs of directors
- Office rental agreement or property ownership certificate
- Bank guarantee certificate
- PAN/VAT registration certificates
- Tourism license application form
- Company stamp
- Bank account details
Timeline for Travel Company Registration
The timeline for registering a travel and trekking company in Nepal typically ranges from 4 to 8 weeks. Company registration with the OCR usually takes 1-2 weeks. Tax registration can be completed within a week. The tourism license application process with the Department of Tourism may take 2-4 weeks, including potential office inspections. Association memberships can be obtained within 1-2 weeks.
Registration Costs and Fees
Registration costs for a travel and trekking company in Nepal include:
- Company registration fee: NPR 9,500 for capital up to NPR 5 million
- PAN registration: NPR 1,000
- VAT registration: Free
- Tourism license fee: NPR 25,000
- NATTA membership fee: NPR 25,000 (one-time) + NPR 12,000 (annual)
- TAAN membership fee: NPR 50,000 (one-time) + NPR 12,000 (annual)
- Bank guarantee: NPR 500,000 (refundable after 5 years)
Legal Framework for Travel Company Registration
The legal framework governing travel and trekking company registration in Nepal includes:
- Companies Act 2063 (2006)
- Tourism Act 2035 (1978)
- Tourism Rules 2038 (1981)
These laws outline the requirements, procedures, and regulations for establishing and operating travel and trekking businesses in Nepal.
Types of Travel & Trekking Licenses
The Department of Tourism issues different types of licenses for travel and trekking companies:
- Trekking Agency License: For companies organizing trekking and mountaineering expeditions.
- Travel Agency License: For companies arranging general tours, accommodation, and transportation.
- Rafting Agency License: For companies specializing in river rafting and kayaking trips.
- Tourist Transportation Service License: For companies providing tourist transportation services.
Each license type has specific requirements and allows the company to engage in particular tourism activities.
Regulatory Authorities
Key regulatory authorities for travel company registration in Nepal:
- Ministry of Culture, Tourism and Civil Aviation: Oversees tourism policy and development.
- Nepal Tourism Board: Promotes tourism and supports industry stakeholders.
- Department of Tourism: Issues licenses and regulates travel and trekking agencies.
- Office of the Company Registrar: Handles company registration and compliance.
- Inland Revenue Department: Manages tax registration and compliance.
Travel and Trekking Company Registration: FAQs
How to register Travel companies in Nepal?
Register with the Company Registrar, obtain PAN/VAT registration, apply for a tourism license from the Department of Tourism, and join relevant tourism associations like NATTA and TAAN.
What documents are required to register them?
The Documents required for Company Registration are: company registration forms, MOA, AOA, citizenship certificates of directors, office rental agreement, bank guarantee, and PAN/VAT certificates.
What are required for registering travel & trekking company?
Requirements include minimum capital of NPR 2.5 million, Nepali citizenship for all directors, physical office space, bank guarantee, and qualified staff.
Can foreigners own travel companies in Nepal?
No, foreign ownership of travel and trekking companies is not permitted in Nepal. All shareholders and directors must be Nepali citizens.
How often must travel licenses be renewed?
Travel and trekking licenses issued by the Department of Tourism are valid for 5 years and must be renewed before expiration.
Conclusion
Prime Law Associates provides the best Travel & Trekking Company Registration Service in Nepal which includes Company Registration, PAN/VAT Registration, Local Ward Registration & Tourism License as well. The Firm has extensive experience with Tourism Companies.
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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