Kathmandu. Now, foreign investors do not have to take the approval of Nepal Rastra Bank to bring foreign direct investment in Nepal. Nepal Rastra Bank has made such arrangement by issuing Foreign Investment and Foreign Debt Management Regulations-2078 BS.

The regulations made public by the NRB say, "Once the foreign investor receives the approval of foreign investment from the foreign investment sanctioning body, it will not be mandatory to get prior approval from the NRB to send or import foreign currency to Sobapat." 

Banks and financial institutions can deposit the amount of foreign investment in Nepal in the account of the concerned company and industry. It is said that nine documents are required for this. Similarly, NRB has also facilitated foreign exchange to repatriate foreign investment and earned money.

In order to account for the amount of foreign investment in Nepal as per regulation 3 and regulation 4 and the foreign investment in accordance with the prevailing law, the company / industry or foreign investor has submitted the tender as per schedule 6 or foreign investment in unit within six months. It is mentioned to be submitted.

While providing exchange facility for repatriation of foreign investment and earned money, it will be done on the basis of approval / recommendation of the body approving the foreign investment or the concerned body. However, the exchange facility related to the business of nature or branch offices which does not have the approval / recommendation of the body approving the foreign investment or the concerned body may be provided on the basis of necessary proof and justification.