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How to start/open finance company in Nepal How to start/open finance company in Nepal

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How to Start/Open a Finance company in Nepal | 2021

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How to start/open finance company in Nepal

finance company basically runs by linking the saver and capital users. Many People open a finance company in Nepal carrying an aim to provide loans to the individual or business. A Finance company collects a tiny amount of saving from their customer and invest in different sectors as investment or bonds.

Generally, As a Nepal Rastra bank act, a finance company is provided licensed under the category of class “c”. In Nepal, there are 3 types of finance companies: 1.Consumer finance companies. 2. Business finance companies. 3. Captive finance subsidiaries.

If you can go with all the legal procedures and want to learn how to start a finance company in Nepal? Then let me remind you that you are in the right place to learn how to open a finance company in Nepal. With 5 Simple steps

1. Pick your Finance company Name And Location

Perfect name and location for finance company

Opening a finance company in a perfect location and giving a good name is one of the important parts of starting your finance company in Nepal. You need to make a wise decision about picking up which city or village to get started your finance company. So that you can get a permit or license to place your finance company.

Set-up your finance company on those locations where you target the market, customer, business partner, and your personal choice. It’s better to analyze the location cost, benefits, or any other restriction. which can affect your finance company in the long run.

2. Register your finance company in Nepal

How to register your finance company in Nepal

After you pick your finance company name and location. Registering your finance company is one of the compulsory process to start your finance company in Nepal. According to your location go to the company registration office with the following document in your pocket.

Following document are required to register your finance company:

1. A complete fillup application according to the pattern of ‘ANUSUCHI 1’ with 5 rupees stamp attached.

2. Two photocopy of ‘prabhanda patra’ accoding to the pattern of ‘ANUSUCHI 2’

3. Two photocopy of ‘niyamawali’ according to the pattern of ‘ANUSUCHI 3′

4. The aggrement paper made with the founder member before the establishment of finance company

5. Evidence photocopy of the citizenship certificate of the organizer shareholders.

Usually, If your submitted application or form is proper and correct with all the data and documents. You can get approved within 5/10 days. However, for the finance company registration process you can apply online too.

3. Fund your Finance company

Fund your finance company in nepal

Generally, The main source of funds for the finance company is loans from different banks, institutions, or any other money source market. Especially, To run your company smoothly and better proper funding is important. You should be able to choose your funding sources wisely so that it doesn’t affect your finance company in the long run.

However, After the completion of loan achievement, you should be able to renew the loans. Usually, The banks denied providing enough funds to the unfamiliar finance company in Nepal. Make sure that you have a complete legal document to apply for the loan in the banks.

4. Setup your Finance company

Setup your finance company in nepal

After the completion of the above steps (Picking name and location, registering, funding) Now it’s time to actually start to run your finance company in the market. some of the steps you should look after setting up your business:

1. Structure your company formation properly

First things first You need to structure your business carefully so that it can be simple as possible to find fault or any physical issue related to your finance company in Nepal. However, The perfect you structure your business. The more you will find it easier to raise the money, Calculate your tax, loss, gain, etc.

As a finance corporation owner, the biggest advantage is you are not putting your assets or resources at a risk. If the company gets corrupt you are not the one who pays all the expenses. You can hold some of the profit from your finance company with little or not paying tax on them. As I described above you can raise money if needed by selling stock.

2. Hire the right employee

To begin with the hiring right employee to your finance company in Nepal. Define the job properly in your vacceny or whatever strategies you used to hire employee. So that right candidate can apply for the job in your company. When they sucefully applied for the vacency review their application carefully.

At the time of job interview in your company. In the meantime remeber that your are the questioner and candidate are the answerer. Make sure that you ask right question so that when you sucefully select both should feel comfortable and able to complete given task fairly and promptly.

5. Conduct Marketing Activities

Finance company marketing in Nepal

Finally, You are reaching out to the more people in the market. Before you start your effective marketing technique. You should make the perfect research in the market on what is a useful campaign you can start and generate more leads to your finance company in Nepal. It’s compulsory to know your target customer before you run your campaign successfully. Some of the popular technique for marketing your finance company:

1. Press releases

One of the popular and powerfull marketing technique is press releases. Here your finance company can get lot’s publicity. More people can know about your finance company in Nepal. You can provide lot;s of scheme here so that you can attract more people to your company.

2. Social media marketing

To begin with social media marketing, people nowadays can forget their work but they can’t forget to check their social media daily. So, It can be the best idea to make a good presence in social media and run your marketing effectively here. So that from kids to old age people can know about new open finance company in Nepal.

Understand how finance company work in Nepal

As a finance company operator, you are becoming a moneylender in the market. However, They achieve financial support from different banking organizations, institutions, etc.

Generally, Commercial banks provide loans to the only finance company which familiar to the day to day market. Besides, those source of fund to start a financial company in Nepal you can issue a bond or stock for the investor or any institution.

How Financial company offers services to the people?

As I mentioned above, Therefore they act as the moneylender to the people. Lots of people live in rural areas in Nepal. In comparison to an urban area, Whereas people get difficulty lending loans from profitable banks, institutions, or any money market resource. Thus, a finance company can be the best option for the people who don’t reach out to the government or private bank in Nepal.

By the way, Finance company successfully collect fund from different resources. Just like bank, they offer different to people like Housing loans, real-estate loans, gold loans, etc. Modern finance company offers a visa debit card and lots of other new features.

Generally, a finance company offers finance to the consumer through different types of marketing skills, co-branding, Advertisement, different types of reward programs, or any other awesome deal, etc.

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Business

6 Easy step to start an online business in Nepal | 2021

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How to start online business in Nepal
How to start online business in Nepal

Starting an online business in Nepal can make you a lot of money. In the
Meanwhile, The internet is booming, this made it easy for the entrepreneur to start their own online business with the limited resources.

Therefore, starting an online business in Nepal is ordinarily easy and has a lot of benefits. However, To make good profit and huge sales. You can go with these 6 easy simple steps to start an online business. Here, I am providing you the step-by-step process to start an online business in Nepal

1. Prepare your online business blueprint

online business plan

To direct your online business on the right path, first, you need to have a good plan or blueprint for it. This may help you to take the good/wise step in your online business journey. It is necessary to study and research the market before starting an online startup.
Preparing a useful business plan is one of the important steps to set up an online business in Nepal successfully. While you prepare your online business plan, here are some factor to be considered:

Market analysis

Before starting an online business, you’ll need a good understanding and knowledge about online business outlook and target market. Market analysis helps you to find your competitors and their weakness and strength. Also, you can learn many things like what do successful competitors do?, how does it work, etc.

Funding and financial Projection

By the way, Starting an online business with no money is possible but atleast invest some money on it. Don’t try a free method just try to go with a cheap method Because free methods don’t give you a good return from your business. Generally, The main source of funds for your online business is loans from different banks, institutions, or any other money source market. To run your company smoothly and better proper funding is very important. You should be able to choose your funding sources wisely so that it doesn’t affect your online business in the long run.

Service

This is one of the important factors to consider in online business. The only way to generate a good amount of money is to provide good services or products to the targeted customer. Make sure that you describe what you sell or what service you offer. Describe how it’s benefited to the consumer. Explain it in detail.

2. Set Up an online platform For your business

Online business platform

To begin with, Online business you should set up an online platform like
Website, Blog, channel, etc. where your targeted customer can visit and generate a good amount of sales. It is necessary to find your platform where you can run your online business. Some of the best platform to run your online business are:

Blog/Website


Blogging is one of the most popular online best businesses. Here you need to find the perfect topic and start writing about it. Besides writing, blogging and creating websites. It includes other work also like SEO(Search engine optimization), link building, etc. To increase your traffic. The fun thing about blogging is you can write content related to your passion, likes, interesting topics, etc. As a blogging business, you can generate your income through different ways like Google ads, affiliate marketing, sponsored content, etc. To continue your blogging business you need to select a platform like WordPress, bloggers, Wix, etc. You can also start this business with zero investment.

youtube channel

Actually we all are familiar with YouTube. What if I told you that it can generate a good income. Ask me how, The process is simple you need to make the quality video for your targeted audience. Recently the data shows that youtube has approximately 30 million daily visitors and in a single minute more that 400 hours of video is uploaded in youtube.

To get started with this business you can easily create an account on youtube and start to upload your video. But how the income is generated, Let me explain to you YouTube also provide the ad program to their content creator, Same like blogging here also you can start affiliate marketing, advertising any brand, etc.

Affiliate Marketing


Now let me clarify to you what types of business is the affiliate market and it is really profitable in Nepal? You may not hear of this affiliate market before but many people are engaged in this business and generating a very good amount of money. Affiliate marketing is defined as selling other products in the market and earning commission from each product. Actually, this best business can be established from any type of source like Facebook, Instagram, blogging, etc. But you need to have good knowledge about marketing and selling.

3. Register your online business with Nepal Government

How to register your company in Nepal

After you set up your online business. Registering in the Nepal government is one of the compulsory processes to start your business. According to your location go to the company registration office with the following document with you.
The following document is required to register your business:

  1. A complete fillup application according to the pattern of ‘ANUSUCHI 1’ with 5 rupees stamp attached.
  2. Two photocopy of ‘prabhanda patra’ according to the pattern of ‘ANUSUCHI 2’
  3. Two photocopy of ‘niyamawali’ according to the pattern of ‘ANUSUCHI 3′
  4. The agreement paper made with the founder member before the establishment of finance company
  5. Evidence photocopy of the citizenship certificate of the organizer shareholders.
    Usually, If your submitted application or form is proper and correct with all the data and documents. You can get approved within 5/10 days. However, for the finance company registration process you can apply online too.
  6. Hire the right employee

To begin with the hiring of the right employee in your online business, define the job description properly in your vacancy or use whatever strategies you want to hire the candidate. So that the right candidate can apply for the job. When they successfully apply for the vacancy, review their application carefully.
At the time of a job interview in your company, remember that you are the questioner and candidate is the answerer. Make sure that you ask the right question so that when you successfully select the candidate, both you should feel comfortable and be able to complete the given task fairly and promptly.

5. Create marketing activities

Online business marketing

Finally, You must reach out to more people in the market. Before you start your effective marketing strategy, You should do the perfect research in the market on what is a useful campaign. You can start and generate more leads to your online business but it’s compulsory to know your target customer before you run your marketing strategy successfully. Some of the popular marketing strategies are :

Press releases

One of the popular and powerful marketing techniques is press releases. Here your online business can get a lot of publicity. More people can know about your business in Nepal. You can provide lots of schemes here so that you can attract more people to your company.

Social media marketing

People nowadays can forget their work but they can’t forget to check their social media daily. So, It can be the best idea to make a good presence on social media and run your marketing effectively. So that people of all ages, from young to old, can get to know about your online business and your product and services in Nepal.

6. Make a profit

online business profit

Since you have everything thoroughly planned and have a website, you can start selling. Now your profit depends on your product and how well you run your business, so make sure to put all your heart to it.
Don’t forget to spread the word about your new business to your friends and family; they might be your first customers! Good luck!

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How to start Import / Export Business in Nepal

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How to start import and export business in Nepal
How to start import and export business in Nepal

Starting your own import and export business in Nepal can generate a good amount of revenue and profit. But it is not as easy as you think. You have to go with all the legal processes and documents. Simply, an import and export business means purchasing goods or furnishing from a foreign or domestic manufacturer and then packs, ships, and resells the goods on his own.

Today, I am sharing with you step by step processes to start an import and export business in Nepal :

Certificates or License :

Import and export business license in Nepal

Import :

Especially, For importers except for any illegal and prohibited goods and items, there is no license required to import goods from foreign countries. So, To start importing business in Nepal. You don’t need any certificate or license

Export:

Basically, For the export Nepalese exporter need a COO(Certificate of origin) which is provided by the Federation of Nepalese chamber of commerce and industry(FNCCI) and Nepal chamber of commerce (NCC).

Open an L/C (Letter of credit) :

Letter of credit in Nepal

In simple words, A Letter of credit is a letter provided by the Bank that guarantees the buyer’s payment to the seller’s. It is one of the important key factors used in the import and export business in Nepal.

Generally, You can open an L/C(Letter of credit) from the bank. First, you need to have a current account with a commercial bank. You can get support from your familiar bank which will help you to open up an L/C. Bank members will guide you to filling up the necessary application to open an L/C.

Payment and purchasing Method:

Import and export business in nepal

Import :

While People usually import goods from India, They simply pay in Indian rupees, and all the taxes are included there. But whenever they deal with other foreign countries, All the commercial banks support or deal in foreign currency. So, That you can easily purchase and make the payment for your desired goods. Generally, to start an import business in Nepal. You are not allowed to make any advance payment on goods and separate payment in freight. L/C is compulsory to start an import and export business in Nepal.

Export :

While exporting from Nepal. In this case, The exports are licensed only against advance payment or letter of credit (L/C) to secure that the amount of the goods is received in Nepal. The exporting of goods is only releases from the Nepalese custom after the complete checking of bank certificate of advance payment or L/C copy certified by the bank. As per, The rule there is no limit in advance payment for exporting goods in Nepal.

Register your business :

How to register your company in Nepal

By the way, After you pick your import and export business name and location. however, Registering your import and export business in Nepal is one of the compulsory processes to start your own import and export business in Nepal. Accordingly, to your location go to the company registration office with the following document in your pocket.

Following document are required to register your finance company:

1. A complete fillup application according to the pattern of ‘ANUSUCHI 1’ with 5 rupees stamp attached.

2. Two photocopy of ‘prabhanda patra’ accoding to the pattern of ‘ANUSUCHI 2’

3. Two photocopy of ‘niyamawali’ according to the pattern of ‘ANUSUCHI 3′

4. In this case, The agreement paper made with the founder member before the establishment of the import and export business

5. Evidence photocopy of the citizenship certificate of the organizer shareholders.

Usually, If your submitted application or form is proper and correct with all the data and documents. by the way, You can get approved within 5/10 days. However, for the import and export business registration process you can apply online too.

Choose Your Import/Export Product :

Import and export business in Nepal

In short, You can’t start this business by importing or exporting all types of products. It is not possible. Hence, The best idea is to find your potential product and start your business with that product. Later on, you can deal with several same types of goods in the market. In the meantime,

As a beginner, you can go with a specific product. A good idea is to look for product categories or products that can trigger you to become an exporter. It may be a specific product that excites you, or it may be an exporter who wants to be a product that has not yet become a “mainstream” product.

Start Your Import and export business :

Setup your finance company in nepal

After the completion of the above steps (certificate, Picking name and location, registering, getting all the documents and license) Now it’s time to actually start to run your import and export business in the market. some of the steps you should look after setting up your business:

1. Structure your import/export business formation properly

First things first You need to structure your import and export business in Nepal carefully so that it can be simple as possible to find fault or any physical issue related to your import and export business in Nepal. However, The perfect you structure your business. The more you will find it easier to raise the money, Calculate your tax, loss, gain, etc.

2. Hire the right employee

To begin with the hiring right employee for your import and export business in Nepal. Define the job properly in your vaccine or whatever strategies you used to hire employees. So that right candidate can apply for the job in your company. When they successfully applied for the vacancy review their application carefully.

At the time of a job interview at your company. In the meantime remember that you are the questioner and the candidate is the answerer. Make sure that you ask the right question so that when you successfully select both should feel comfortable and able to complete the given task fairly and promptly.

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Business

Latest JCB Price in Nepal 2021 | JCB Machine

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Latest JCB Price in Nepal
Latest JCB Price in Nepal

1. JCB Excavator 220LC Xtra – NRs. 9700000

JCB excavator price in Nepal
Engine model JCB ecoMAX 448T2
Fuel capacity 343 L
Maximum Operating Weight21750 Kg
Maximum engine power 170 Hp
Maximum Bucket Capacity0.8 – 1.2 Cu.m

The JCB 220LC Xtra is a backhoe, not at all like some other. It offers unlimited long stretches of constant execution with high profitability and more noteworthy eco-friendliness. These highlights and some more give it an additional favorable position over some other backhoe. Thus the name JCB 220LC Xtra. This backhoe is a piece of JCB’s Premier Line Solutions, which gives added advantages to the client. The center slogan of the item is ‘Go the Xtra Mile’. We were approached to make an item dispatch AV to exhibit the equivalent.

2. 3DX Super ecoXcellence – NRs. 4800000

3dx-super-ecoxcellence price in Nepal
Engine model water cooled ecoMAX turbo charged engine
Fuel capacity 128 L
Maximum operating weight1800 KG
Maximum engine power92 HP
Maximum bucket capacity1.1 cum

JCB brings the 3DX Super excellence Backhoe Loader with a powerful one-piece structure and D-segment loader arm which gives the machine strength over its partners. With the top tier water-powered powers and tough transmission, the JCB 3DX Super excellence is an expert entertainer.JCB 3DX super Backhoe Loader With top tier pressure-driven powers and solid transmission, the 3DX Super excellence Backhoe Loader is the expert of each work… 3DX Super Backhoe Loader. 36. Excavator LOADER | 3DX SUPER. EW. It comprises of a 4-speed, completely.

3. TANDEM ROLLER VMT 860 – NRs. 4700000

TANDEM ROLLER VMT 860 price in nepal
Engine modelLiquid-cooled, Turbo Charged JCB engine ecoMax Engine
Fuel capacity240 L
Maximum operating weight8750 KG
Maximum engine power76 HP
Drum size1675 mm

The JCB Tandem Roller VMT 860 is a Compactor that packs eco-friendliness, unwavering quality, and high force with low clamor. This Road Roller Compactor has the most recent innovation from Germany and is completely tried to beat other Compactors as it is similarly useful and prevalent on soil compactions and development the same

4. 3DXL Wheeled Loader – NRs. 4100000

3DXL Wheeled Loader price in Nepal
Engine modelfuel efficient JCB engine ecoMAX
Fuel capacity128 L
Maximum operating weight1650 KG
Maximum engine power76 HP
Maximum bucket capacity1.1 cum

JCB brings the 3DX Super excellence Backhoe Loader with a powerful one-piece structure and D-segment loader arm which gives the machine strength over its partners. With the top tier water-powered powers and tough transmission, the JCB 3DX Super excellence is an expert entertainer.JCB 3DX super Backhoe Loader With top tier pressure-driven powers and solid transmission, the 3DX Super excellence Backhoe Loader is the expert of each work… 3DX Super Backhoe Loader. 36. Excavator LOADER | 3DX SUPER. EW. It comprises of a 4-speed, completely.

5. JCB SSL 155 – NRs. 3650000

jcb ssl 155 price in nepal
Engine modelModel 2013-2020 (Other machines by JCB)
Fuel capacity98 L
Maximum operating weight2900 KG
Maximum engine power56 HP
Maximum bucket capacity0.4 m³

6. Loadall 530-70 – NRs. 4900000

Loadall 530-70 price in nepal
Engine modelPerkins 1104T
Fuel capacity —–
Maximum operating weight3000 kg
Maximum engine power76 HP
Maximum lift height 7 m

7. JS 215 – NRs. 9200000

JS 215 price in Nepal
Engine modelIsuzu 4 HKIX
Fuel capacity —-
Maximum operating weight21500 kg
Maximum engine power140hp
Maximum bucket capacity0.80 – 1.02 cu.m.

The JCB 220LC Xtra is a backhoe, not at all like some other. It offers unlimited long stretches of constant execution with high profitability and more noteworthy eco-friendliness. These highlights and some more give it an additional favorable position over some other backhoe. Thus the name JCB 220LC Xtra. This backhoe is a piece of JCB’s Premier Line Solutions, which gives added advantages to the client. The center slogan of the item is ‘Go the Xtra Mile’. We were approached to make an item dispatch AV to exhibit the equivalent.

8. Excavator JS 205 – NRs. 8350000

JS205 price in Nepal
Engine modelCummins 6BT 5.9
Fuel capacity —-
Maximum operating weight21500kg
Maximum engine power140hp
Maximum bucket capacity0.80 – 1.02 cu.m.

The JCB 220LC Xtra is a backhoe, not at all like some other. It offers unlimited long stretches of constant execution with high profitability and more noteworthy eco-friendliness. These highlights and some more give it an additional favorable position over some other backhoe. Thus the name JCB 220LC Xtra. This backhoe is a piece of JCB’s Premier Line Solutions, which gives added advantages to the client. The center slogan of the item is ‘Go the Xtra Mile’. We were approached to make an item dispatch AV to exhibit the equivalent.

9. 430 ZX Plus – NRs. 6050000

430 ZX Plus price in nepal
Engine modelAshok Leyland . H6ETIC3RU
Fuel capacity 125 L
Maximum operating weight11250 Kg
Maximum engine power99kW
Maximum bucket capacity1.7 cum

10. JS 30+ – NRs. 3750000

JS 30+price in Nepal
Engine modelPerkins 403 D-l5
Fuel capacity56 L
Maximum operating weight2870 KG
Maximum engine power24.7
Maximum bucket capacity0.054 m³
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