Econity Nepal

Restricting Investment Abroad and Illicit Capital Outflows

Given Nepal’s unfavorable business environment–Nepal ranks 107th in the World Bank’s Doing Business Report 2016—it is not very surprising if Nepalese wished to invest abroad for better returns. However, the Government of Nepal has barred Nepalese from making any foreign investments through the Act Restricting Investment Abroad, 2021B.S (1964) with

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